Fujiyama Power Systems Ltd., which launched its initial public offering (IPO) to raise over Rs 800 crore from the primary market on Thursday, November 13, will conclude its subscription period on Monday. The IPO was subscribed 0.40 times on Friday (Day 2). Investors have bid for 1,04,26,585 shares against the 2,63,47,221 shares.

The parent company Fujiyama Power Systems, operates under the brand name UTL Solar, providing products and solutions for the rooftop solar industry. They produce a variety of products, including solar panels, inverters, and batteries.

As per the latest grey market trends, the GMP for the mainboard offer continues to indicate a flat listing for the company’s shares. 

Here’s a look at the latest GMP and other key details of the Fujiyama Power Systems IPO, including the allotment details.