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flag Fujiyama Power Systems debuted on Indian exchanges Nov. 20, 2025, with shares below IPO price amid weak demand.

flag Fujiyama Power Systems debuted on Indian exchanges on November 20, 2025, with shares opening below the IPO price of ₹228 on both BSE and NSE, trading down 3.5% to 4.2% amid weak market sentiment. flag The ₹828 crore IPO, which raised ₹600 crore through a fresh issue and ₹228 crore from share sales, saw moderate overall subscription at 2.14 times, driven by strong institutional demand but tepid retail interest. flag The grey market premium was minimal, reflecting subdued investor enthusiasm. flag The company, which specializes in rooftop solar solutions, plans to use proceeds for a new manufacturing plant, debt repayment, and general corporate purposes.

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