The Grey Market Premium (GMP) for the Fujiyama Power Systems IPO has now begun trading. Keep track of the latest GMP, Kostak, and Subject-to-Sauda rates for the most current market indications.

The Grey Market Premium (GMP) for the Fujiyama Power IPO fluctuated between ₹2 on November 18th and a high of ₹3 on November 19th.

Track Fujiyama Power Systems IPO GMP and Kostak rates daily.

Date	IPO GMP	GMP Trend	Gain
19 Nov	₹3		1.31%
18 Nov	₹2		0.87%

Fujiyama Power Systems IPO Timeline

IPO Open Date:	November 13, 2025
IPO Close Date:	November 17, 2025
Basis of Allotment:	November 18, 2025
Refunds:	November 19, 2025
Credit to Demat Account:	November 19, 2025
IPO Listing Date:	November 20, 2025
IPO Bidding Cut-off Time:	November 17, 2025 – 5 PM

Fujiyama Power Systems IPO Details

IPO Open Date	November 13, 2025
IPO Close Date	November 17, 2025
Face Value	₹1 Per Equity Share
IPO Price Band	₹216 to ₹228 Per Share
Issue Size	Approx ₹828 Crores
Fresh Issue	Approx ₹600 Crores
Offer for Sale:	Approx 1,00,00,000 Equity Shares
Issue Type	Book Built Issue
IPO Listing	BSE, NSE

About the Business

Established in 2017, Fujiyama Power Systems Limited is a prominent manufacturer and integrated solutions provider in the rooftop solar sector, specializing in the production of on-grid, off-grid, and hybrid solar inverters. The company markets its products under two respected brands: the long-standing UTL Solar, with a 29-year legacy, and Fujiiyama Solar, both of which have established a strong reputation in the industry. Fujiyama has further expanded its global footprint by exporting to markets including the USA, Bangladesh, and the UAE.

A key differentiator is its advanced product portfolio, which includes specialized items like Single-card Online UPS, Combo UPS with AVR, High-frequency online UPS, and single-card SMT inverters, positioning Fujiyama as one of the few Indian companies capable of developing such sophisticated technology. This extensive reach is supported by a robust distribution and service infrastructure comprising over 725 distributors, 5,546 dealers, and 1,100 exclusive retail partners. The company’s commitment to customer-specific solutions is reinforced by a dedicated team of more than 602 qualified service engineers, trained to deliver customized solar systems.

Fujiyama Power Systems IPO Grey Market Premium (GMP) Today