Fujiyama Power Systems IPO allotment today: Know how to check stats online
The allotment of Fujiyama Power Systems IPO will be done today, Nov 18. Applicants can check whether they are luckty enough to get allotment through two ways, both of which are online, simple and can be done free.
Kolkata: Today, Nov 18, is the date for allotment of the Fujiyama Power Systems IPO. This public issue was subscribed 2.18 times overall -- 0.98 times in the retail category, 5.24 times in QIB (ex anchor) category and 0.90 times in the NII category by the end of Nov 17, the last day of the bidding process. Though the GMP (Grey market premium) of Fujiyama Power Systems IPO stood at zero for the past few days, it climbed to Re 1.50 on Nov 17, which signals a rise in investor interest.
Therefore, many applicants would be eager to know the allotment status. The GMP of Re 1.50 signals a listing gain of 0.66%. The upper end of the price band is Rs 228. The GMP on Nov 17 signalled a listing price of Rs 229. The allotment status can be checked online free of charge. It can be checked by a few simple online steps. One can do it both by visiting the website of the bourses where it will be listed and also via the registrar's website. Let's have a look at the steps an applicant needs to do.
How to check Fujiyama Power Systems IPO allotment via BSE website
ONE: Visit the BSE portal; proceed to Equity
TWO: Proceed to the "IPO allotment” section
THREE: Click on Fujiyama Power Systems IPO
FOUR: Type in your PAN (Permanent Account Number) or IPO application number
FIVE: Click ‘Search’; your allotment status will show on the screen
Checking Fujiyama Power Systems IPO allotment on registrar’s website
ONE: Go to the website of and MUFG Intime India, which was appointed the registrar to the issue
TWO: Click IPO allotment
THREE: Choose ‘Fujiyama Power Systems IPO’ from a dropdown menu
FOUR: Type in your PAN or Client ID/DP.
FIVE: Enter captcha and click ‘Submit’ to check allotment status
Some analysts indicated that the company is dependent on China for supply of some raw materials and this was flagged as a risk factor which could have explained the low GMP of the IPO. However, the company is in the expanding business of manufacturing products for the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems. It makes a wide range of products, including solar PCUs, off-grid, on-grid, and hybrid inverters, solar panels, PWM chargers, other battery chargers, lithium-ion and tubular batteries, online and offline UPS systems, solar management units, and charge controllers. It has four manufacturing facilities.
Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.