Fujiyama Power Systems IPO allotment: Steps to check status on BSE, NSE and MUFG Intime India

Fujiyama Power Systems Ltd. is set to finalise share allotment status for its ₹828-crore IPO on Thursday, November 18.

The mainboard initial public offering (IPO) closed with an overall subscription of 2.14 times on the last day of bidding on Monday. Fujiyama Power Systems IPO, which opened for subscription on November 13, attracted bids for more than 5.63 crore shares, compared to 2.63 crore shares on offer, as per the NSE data.

The retail quota of the IPO was fully subscribed, while the Non-Institutional Investors’ (NIIs) category was booked 0.88 times. The Qualified Institutional Buyers (QIBs) booked their reserved portion 5.15 times.

The IPO was a combination of a fresh issue of 2.63 crore shares, worth ₹600 crore and an offer-for-sale (OFS) of 1 crore shares, amounting to ₹228 crore. The IPO price band was fixed at ₹216-228 per share.

The company has proposed to utilise IPO proceeds for establishing a manufacturing facility in Ratlam, Madhya Pradesh and repayment of debts. A portion of the IPO funds will be used for general corporate purposes.

Investors who participated in the IPO subscription can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India.

Steps to check Fujiyama Power Systems IPO share allotment on the BSE:

Visit the IPO allotment page on the BSE website: https://bseindia.com/investors/appli_check.aspx
Select 'Equity' as the issue type
Choose ‘Fujiyama Power Systems Ltd’ from the dropdown list as the issue name
Enter your IPO application number or PAN
Click on ‘Search’ to view your share allotment details

Steps to check IPO share allotment on the NSE:

Visit the IPO allotment page on the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select the option 'Equity & SME IPO bid details'
Under ‘Select Symbol’, click on ‘UTLSOLAR’
Enter your application number and PAN to proceed
Once entered, click on the ‘Submit’ button

Steps to check Fujiyama Power Systems IPO allotment on MUFG Intime India:

Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
From the dropdown menu, select ‘Fujiyama Power Systems Ltd' from the list of companies
Select any of these: PAN, Application Number, DP/Client ID, or Account Number/IFSC
Enter the required details
Click on 'Submit' to check the allotment status

Fujiyama Power Systems’ shares are expected to be credited to the Demat accounts of successful bidders on Wednesday, November 19. Refunds will also be processed for the non-allottees on the same day.

Shares of Fujiyama Power Systems are scheduled to be listed on the NSE and BSE on Thursday, November 20.

Fujiyama Power Systems Ltd is a leading player in the roof-top solar industry. It manufactures on-grid, off-grid and hybrid solar systems. The company markets its products under the names 'UTL Solar’ and ‘Fujiyama Solar’.