Fujiyama Power Systems IPO GMP History
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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 27 Aug, 12:09 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Fujiyama Power Systems IPO dates
Key dates from opening to listing. Today is 3 October.
- Open 13 Nov 2025
- Close 17 Nov 2025
- Allotment 18 Nov 2025
- Refund/credit 19 Nov 2025
- Listing 20 Nov 2025
Fujiyama Power Systems IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹228 |
|---|---|
| Listing gain / loss | −₹8 per share |
| Listing date | 20 Nov, 2025 |
| Actual listing price | ₹220 (-3.51%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Fujiyama Power Systems IPO was not available during the subscription period. 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 available 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
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 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 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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
