Fujiyama Power Systems IPO Subscription
ListedUpdated 20 November 2025, 9:15 AM IST· Mainboard
Fujiyama Power Systems IPO subscription closed on 17 November 2025 at 2.21x overall by shares. QIB demand came in at 5.24x, NII at 0.92x, and retail at 1.04x. See Retail, SHNI, and BHNI allotment chances in the table…
Fujiyama Power Systems IPO subscription closed on 17 November 2025 at 2.21x overall by shares. QIB demand came in at 5.24x, NII at 0.92x, and retail at 1.04x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 18 November 2025. Listing date on NSE and BSE is 20 November 2025.
Fujiyama Power Systems IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 13 Nov 2025 | 0.00x | 0.05x | 0.16x | 0.09x |
| Day 2 - 14 Nov 2025 | 0.82x | 0.11x | 0.30x | 0.41x |
| Day 3 - 17 Nov 2025 | 5.24x | 0.92x | 1.05x | 2.21x |
Fujiyama Power Systems IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Fujiyama Power Systems IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 0.76x | Very high |
| SHNI (Rs 2L to Rs 10L) | 1.45x | 1 in 1 |
| BHNI (above Rs 10L) | 0.10x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Fujiyama Power Systems IPO Allotment Status page from 18 November 2025 for your result.
Fujiyama Power Systems IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 228.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 164.60 Cr | Rs 862.35 Cr | 5.24x |
| FII | - | Rs 491.35 Cr | - |
| DFI | - | Rs 40.00 Cr | - |
| Mutual Funds | - | Rs 164.60 Cr | - |
| Other | - | Rs 166.40 Cr | - |
| NII | Rs 123.45 Cr | Rs 113.51 Cr | 0.92x |
| bNII (above Rs 10L) | Rs 82.30 Cr | Rs 46.25 Cr | 0.56x |
| Corporate | - | Rs 6.76 Cr | - |
| Individual | - | Rs 38.45 Cr | - |
| Other | - | Rs 1.04 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 41.15 Cr | Rs 67.27 Cr | 1.63x |
| Corporate | - | Rs 54.54 L | - |
| Individual | - | Rs 64.84 Cr | - |
| Other | - | Rs 1.88 Cr | - |
| Retail | Rs 288.05 Cr | Rs 300.64 Cr | 1.04x |
| Cut-off price | - | Rs 245.32 Cr | - |
| Fixed price | - | Rs 55.32 Cr | - |
| Employee | Rs 5.00 Cr | Rs 7.75 Cr | 1.55x |
| Cut-off price | - | Rs 6.09 Cr | - |
| Fixed price | - | Rs 1.66 Cr | - |
| Total | Rs 581.10 Cr | Rs 1,284.25 Cr | 2.21x |
Fujiyama Power Systems IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 72,19,298 | 31 | 0.00x |
| FII | - | 19 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 11 | - |
| NII | 5,950 | 3,276 | 0.55x |
| bNII (above Rs 10L) | 3,967 | 403 | 0.10x |
| Corporate | - | 63 | - |
| Individual | - | 330 | - |
| Other | - | 10 | - |
| sNII (Rs 2L to Rs 10L) | 1,983 | 2,873 | 1.45x |
| Corporate | - | 24 | - |
| Individual | - | 2,765 | - |
| Other | - | 84 | - |
| Retail | 1,94,366 | 1,47,094 | 0.76x |
| Cut-off price | - | 1,22,061 | - |
| Fixed price | - | 25,033 | - |
| Employee | 3,374 | 2,846 | 0.84x |
| Cut-off price | - | 2,471 | - |
| Fixed price | - | 375 | - |
| Total | 74,22,988 | 1,53,247 | 0.02x |
What Do These Subscription Numbers Mean?
2.21x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 5.24x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.55x by applications). Split: SHNI 1.45x, BHNI 0.10x by applications. SHNI and BHNI allotment is by lottery.
null Retail allotment is also by lottery.
Fujiyama Power Systems IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 13 November 2025 |
| IPO Close Date | 17 November 2025 |
| Allotment Date | 18 November 2025 |
| Refund Initiation | 19 November 2025 |
| Share Credit to Demat | 19 November 2025 |
| Listing Date | 20 November 2025 |
| Minimum Investment | Rs 14,820.00 |
| Lot Size | 65 shares |
About Fujiyama Power Systems IPO
Fujiyama Power Systems is a leading Indian manufacturer and solutions provider in the rooftop solar industry, operating under the established brands **UTL Solar** (29-year legacy) and Fujiyama Solar. The company provides end-to-end capabilities, including the manufacturing of on-grid, off-grid, and hybrid solar systems, panels, inverters, and batteries (both lead-acid and lithium-ion). It is a B2C focused company with a strong pan-India distribution network (725 distributors, 5,546 dealers, and 1,100 exclusive UTL Solar Shoppes).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Fujiyama Power Systems IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Fujiyama Power Systems IPO Details
Issue size, price, financials, and company info
Fujiyama Power Systems IPO GMP
Live grey market premium and listing estimate
Fujiyama Power Systems IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Fujiyama Power Systems IPO Allotment
Allotment date, chances, and check by PAN
Fujiyama Power Systems IPO Review
SWOT, strengths, risks, and IPO review
Fujiyama Power Systems IPO FAQ
Common questions on dates, GMP, and allotment
Fujiyama Power Systems IPO Registrar
Registrar website and how to check allotment
Fujiyama Power Systems IPO Timeline
Open, close, allotment, and listing dates
Fujiyama Power Systems IPO News
Updates, blogs, and latest IPO news
Fujiyama Power Systems IPO Subscription FAQs
What is Fujiyama Power Systems IPO subscription status today?
Fujiyama Power Systems IPO subscription closed on 17 November 2025 with overall subscription of 2.21x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 5.24x, NII 0.55x, Retail 0.76x.
What is the overall subscription of Fujiyama Power Systems IPO?
Fujiyama Power Systems IPO is subscribed 2.21x overall by shares at close on 17 November 2025. QIB 5.24x, NII 0.55x, and Retail 0.76x.
What is Fujiyama Power Systems IPO QIB subscription?
Fujiyama Power Systems IPO QIB (Qualified Institutional Buyers) subscription is 5.24x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Fujiyama Power Systems IPO Retail subscription?
Fujiyama Power Systems IPO Retail subscription is 0.76x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Fujiyama Power Systems IPO NII, SHNI, and BHNI subscription?
Fujiyama Power Systems IPO NII subscription is 0.55x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 1.45x and BHNI (above Rs 10L) at 0.10x.
What are Fujiyama Power Systems IPO retail allotment chances?
Fujiyama Power Systems IPO retail share subscription is 1.04x. Application data is needed for exact lottery chances.
What are Fujiyama Power Systems IPO SHNI allotment chances?
At 1.45x subscription by applications, about 1 in 1 SHNI applicants may get allotment (~69% chance per application). Allotment is by lottery.
What are Fujiyama Power Systems IPO BHNI allotment chances?
Fujiyama Power Systems IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Fujiyama Power Systems IPO allotment date?
Fujiyama Power Systems IPO allotment date is 18 November 2025. Check Fujiyama Power Systems IPO Allotment Status on IPOwiz from that day using your PAN.
When does Fujiyama Power Systems IPO subscription close?
Fujiyama Power Systems IPO subscription closed on 17 November 2025. No new applications are accepted after the close.
What is Fujiyama Power Systems IPO GMP today?
GMP for Fujiyama Power Systems IPO is not available yet. Track Fujiyama Power Systems IPO GMP Today on IPOwiz once grey market activity starts.
What is Fujiyama Power Systems IPO issue price and lot size?
Fujiyama Power Systems IPO issue price is ₹228 per share. Lot size is 65 shares. Minimum investment is ₹14,820 per lot. Issue size: ₹828 Cr.
When is Fujiyama Power Systems IPO listing date?
Fujiyama Power Systems IPO listing date is 20 November 2025 on NSE and BSE. Allotment is on 18 November 2025.
How does subscription affect Fujiyama Power Systems IPO allotment?
In Fujiyama Power Systems IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 2.21x overall, competition is moderate.
For allotment results from 18 November 2025, visit the Fujiyama Power Systems IPO Allotment Status page. For listing day updates on 20 November 2025, download the IPOwiz App.
Sources
We match Fujiyama Power Systems IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.