IPO Guru

IPO Listed — 20 Nov 2025

Listing Price: ₹220

vs Issue Price ₹228 ₹-8 (-3.51%)

Fujiyama Power Systems IPO GMP History | Listing Price ₹220 & Kostak Rate

IPO
Final GMP
₹ 0
--
Final Kostak
₹ 0
Final Sub. to Sauda
₹ 0

Fujiyama Power Systems IPO has been listed on November 20, 2025 at a listing price of ₹220, against the issue price of ₹228 — a loss of ₹8 (-3.51%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.

Fujiyama Power Systems IPO raised ₹828 Cr. through its IPO at a price band of ₹216 to ₹228 per share, with a lot size of 65 shares. The IPO was open for subscription from 13 Nov 2025 to 17 Nov 2025.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
No GMP history available yet.

Fujiyama Power Systems IPO Dates

Event Date
Open Date 13 Nov, 2025
Close Date 17 Nov, 2025
Allotment Date 18 Nov, 2025
Refund Date 19 Nov, 2025
Credit to Demat 19 Nov, 2025
Listing Date 20 Nov, 2025

Fujiyama Power Systems IPO Actual Listing Price

Basis Value
Issue Price ₹228
Actual Listing Price ₹220 (-3.51%)
Listing Gain / Loss ₹-8 per share
Listing Date 20 Nov, 2025

Is Fujiyama Power Systems IPO GMP Reliable?

Grey market premium for Fujiyama Power Systems IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:

  • Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
  • Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
  • Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
  • Cross-check before acting: Review the Fujiyama Power Systems IPO full review for a fundamentals-based assessment before making any grey market trades.

Fujiyama Power Systems IPO IPO Kostak Rate Explained

The Kostak rate for Fujiyama Power Systems IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.

The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.

Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.

About Fujiyama Power Systems IPO

Fujiyama Power Systems Limited, originally incorporated as a private limited company on November 29, 2017, traces its roots to 1996 when its promoter Pawan Kumar Garg established a sole proprietorship named UTL Electronics. In 2008, promoters Pawan Kumar Garg and Yogesh Dua formed a partnership firm under the name Fujiyama Power Systems, pioneering high-frequency online UPS and inverters in India, followed by expansions into solar PCUs in 2012 and online solar PCUs in 2014. The company acquired the partnership's business via slump sale in 2018 and has since scaled manufacturing capacities across facilities in Greater Noida, Bawal, Parwanoo, and the newly commissioned Dadri unit, achieving milestones like supplying Bharat Net Phase 1 in 2016 and growing its franchise network to over 1,000 Shoppe outlets by 2023.

The company specializes in rooftop solar systems and power backup solutions, offering an extensive portfolio of over 522 SKUs including on-grid, off-grid, and hybrid inverters, solar panels, lithium-ion and tubular batteries, UPS systems, charge controllers, and EV chargers. Its integrated business model provides end-to-end solutions—from manufacturing to installation and after-sales support—through a pan-India network of 670+ distributors, 5,100+ dealers, and 600+ service engineers, minimizing customer reliance on third-party OEMs. This B2B and B2C approach emphasizes R&D-driven innovation in power electronics to serve residential, commercial, and industrial segments amid rising renewable energy demand

Frequently Asked Questions about Fujiyama Power Systems IPO

What is the GMP of Fujiyama Power Systems IPO?

The current Grey Market Premium (GMP) of Fujiyama Power Systems IPO is not yet started or active in the market.

What is the Kostak Price of Fujiyama Power Systems IPO?

Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Fujiyama Power Systems IPO is currently not available.

What is the Subject to Sauda Price of Fujiyama Power Systems IPO?

Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.

What was the actual listing price of Fujiyama Power Systems IPO?

Fujiyama Power Systems IPO listed on November 20, 2025 at ₹220, against the issue price of ₹228 — a loss of -3.51%.

How did the GMP of Fujiyama Power Systems IPO trend before listing?

The GMP of Fujiyama Power Systems IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.

Explore Fujiyama Power Systems IPO Further

For a complete picture before making your investment decision, explore these resources:

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