Fujiyama Power Systems IPO Day 3: Issue sees 1.5x Subscription; check GMP and other key details. Should You Apply?

Fujiyama Power IPO Latest GMP; Check Now: Fujiyama Power Systems' Rs 828-crore IPO saw a 1.5 times subscription on its final day, with no grey-market premium indicating muted sentiment. The offering, comprising a fresh issue and an OFS, aims to fund a new manufacturing plant and reduce debt. Brokerage SMIFS recommends subscription, citing strong financials and growth potential in the renewable energy sector.