Whalesbook
Fujiyama Power Systems Ltd. is set to finalize its ₹828-crore IPO share allotment on Thursday, November 18. The mainboard IPO closed with a subscription of 2.14 times, attracting bids for over 5.63 crore shares against 2.63 crore offered. Qualified Institutional Buyers (QIBs) subscribed their portion 5.15 times. Shares will be credited to Demat accounts by November 19, with listing on BSE and NSE scheduled for November 20. The company plans to use proceeds for a new manufacturing facility and debt repayment.