The Fujiyama Power Systems Ltd IPO opened with modest investor participation on Day 1. Early bidding trends provide an initial view of the demand across investor categories as the issue progresses through its subscription window.
The Fujiyama Power Systems Ltd IPO opened for subscription on 13 November 2025, receiving a cautious yet steady response from investors. Retail investors contributed the most to opening-day activity, while institutional interest remained minimal.
The IPO achieved an overall subscription of 0.08x on Day 1. Retail participation was relatively higher compared to other categories, while QIB activity had not picked up yet.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00x |
Retail Individual Investors (RII) |
0.14x |
Non-Institutional Investors (NII) |
0.03x |
Employees |
0.17x |
Total |
0.08x |
The initial response suggests that investors may wait for further market cues before increasing participation over the remaining days.
On Day 2, the Fujiyama Power Systems IPO saw modest progress in subscriptions, with steady participation from retail and non-institutional investors. As per the data available by the end of the second day, the IPO achieved an overall subscription of 0.14 times, indicating cautious investor sentiment in the early bidding phase.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00x |
Retail Individual Investors (RII) |
0.24x |
Non-Institutional Investors (NII) |
0.09x |
Total |
0.14x |
This marginal improvement from Day 1 suggests early-stage interest led primarily by retail applicants. While institutional participation remains limited, the remaining subscription days may see increased traction depending on broader market trends and investor outlook on the power systems sector.
On Day 3, the Fujiyama Power Systems IPO saw increased subscription, with strong participation from Qualified Institutional Buyers (QIBs). Retail and non-institutional investor participation remained relatively low. As of the end of Day 3, the IPO achieved a total subscription of 2.02 times.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
5.15x |
Retail Individual Investors (RII) |
0.79x |
Non-Institutional Investors (NII) |
0.81x |
Employees |
1.39x |
Overall |
2.02x |
The data indicates that Qualified Institutional Buyers have shown substantial interest, while retail and non-institutional participation is comparatively lower. The overall subscription rate stands at 2.02 times at the end of Day 3.
The Fujiyama Power Systems Ltd IPO price band is set between ₹216 and ₹228 per share, with a face value of ₹1 per equity share. Investors can apply for a minimum of 65 shares (1 lot) and in multiples of 65 shares thereafter.
At the upper price band, one lot amounts to an investment of ₹14,820, making the issue accessible for retail applicants looking to participate in India’s power systems and industrial equipment sector.
Below is a quick overview of the lot size and corresponding investment amounts:
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 / 13 |
65 / 845 |
₹14,820 / ₹1,92,660 |
S-HNI (Min) |
14 |
910 |
₹2,07,480 |
S-HNI (Max) |
66 |
4,290 |
₹9,78,120 |
B-HNI (Min) |
67 |
4,355 |
₹9,92,940 |
This IPO structure supports wide investor participation—from retail applicants seeking lower entry thresholds to high-net-worth investors aiming to place larger bids within India’s expanding energy and industrial solutions landscape.
For detailed insights and live updates on subscription and allotment, visit the Fujiyama Power Systems IPO page on Bajaj Markets.
The timeline for the IPO includes all major events from opening to listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
13 November 2025 |
Subscription begins |
IPO Close Date |
17 November 2025 |
Final day to apply |
Basis of Allotment |
18 November 2025 |
Allotment finalisation |
Refunds Initiation |
19 November 2025 |
Refunds for unallotted applicants |
Credit of Shares |
19 November 2025 |
Shares credited to Demat accounts |
Listing Date |
20 November 2025 |
Expected listing on stock exchanges |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply using either ASBA through net banking or the UPI method through broker platforms. Both options are approved by SEBI and ensure smooth, paperless applications.
Follow these steps to apply securely through your bank’s ASBA facility:
Log in to your internet banking account with a SEBI-recognised bank.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Fujiyama Power Systems Ltd IPO’ from the active IPO list.
Enter the number of lots and your bid price within the price band.
Confirm your application to block the required amount in your bank account.
The amount will be debited only if shares are allotted, after which shares will reflect in your Demat account.
Investors can also apply through UPI using their trading or broker app:
Log in to your Demat account or trading account on your preferred platform.
Navigate to the IPO section and choose ‘Fujiyama Power Systems Ltd IPO’.
Enter application details such as lots and bid price.
Provide a valid UPI ID linked to your bank account.
Approve the UPI mandate request in your UPI app to block funds.
After allotment, the amount will be debited and shares will be credited to your Demat account.
The Fujiyama Power Systems Ltd IPO opened to a measured Day 1 response, with retail investors contributing the highest share of bids. The upcoming sessions will determine whether interest strengthens across categories as the issue moves towards closure.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner