Whalesbook
Fujiyama Power Systems made a subdued debut on the BSE and NSE on November 20, listing below its Initial Public Offering (IPO) price. Shares opened at Rs 218.40 on BSE, a 4.21% discount, and Rs 220 on NSE, a 3.51% discount from the Rs 228 IPO price. The company's market capitalization was around Rs 6,692 crore at the start. Despite the weak listing, analysts recommend holding the stock for the long term, citing the company's integrated solar ecosystem.