+ Follow us On Google

New Delhi, Nov 17 (PTI) The initial public offer of Fujiyama Power Systems, which provides solutions for the rooftop solar industry, was subscribed to more than 2 times on the final day of share sale on Monday.

The Rs 828-crore IPO received bids for 5,63,26,400 shares as against 2,63,47,221 shares on offer, translating to 2.14 times subscription, according to data available with the NSE.

The qualified institutional buyers’ category received 5.15 times subscription while the quota for non-institutional investors subscribed 88 per cent. The retail individual investors part was also subscribed fully.

Fujiyama Power Systems said it has raised Rs 247 crore from anchor investors.

Fujiyama Power Systems (UTL Solar) raised Rs 75 crore in a pre-IPO round from VQ FasterC

See Full Page