Fujiyama Power Systems IPO: Key Details for Investor
The IPO of Fujiyama Power Systems, which manufactures solar inverters, panels, and batteries, is set to open on November 13.
The RHP (Red Herring Prospectus) was filed with the Registrar of Companies on November 7.
According to it, the company is issuing fresh shares worth ₹600 crore in its IPO.
Additionally, promoters Pawan Kumar Garg, Sunil Kumar, and Yogesh Dua are selling 1 crore equity shares through an Offer-for-Sale (OFS).
In the Fujiyama Power Systems IPO, 50 percent of the share portion has been allocated for QIBs (Qualified Institutional Buyers).
In the Fujiyama Power Systems IPO, 35 percent of the share portion has been allocated for Retail Investors.
In the Fujiyama Power Systems IPO, 15 percent of the share portion has been reserved for NIIs (Non-Institutional Investors).
Listed competitors include names such as Waaree Energies, Premier Energies, Exicom Tele-Systems, and Insolation Energy.