Fujiyama Power Systems IPO Day 3 (Nov 17): Subscription surges to ~2x as QIB bids spike; GMP at ₹0 — price band, lot size, key dates, broker views
New Delhi, November 17, 2025 — On the final day of bidding for Fujiyama Power Systems’ ₹828‑crore IPO, demand accelerated sharply in the afternoon after a slow start. As of 3:54 pm IST, exchange data cited by Upstox showed the issue subscribed 2.01x overall, led by QIBs at ~5.15x, while retail and NII portions were ~0.78x and ~0.80x, respectively. Earlier through the day, multiple trackers had reported a far more muted run‑rate, underscoring a familiar late‑day surge from institutions. Meanwhile, the grey market premium (GMP) stays at ₹0, implying no unofficial listing premium over the upper end of the price