Fujiyama Power Systems player Fujiyama Power Systems IPO opens for subscription on Thursday, 13 November, and closes on Monday, 17 November. The price band is set at Rs 216 to Rs 228 per equity share of face value Re 1. Investors can bid in lots of 65 equity shares and multiples thereof. The IPO consists of a fresh issue raising up to Rs 600 crore and an offer for sale of 1 crore equity shares by promoters. Anchor investor allocation is scheduled for Wednesday, 12 November. Advertisement

Not more than 50% of shares are reserved for qualified institutional buyers (QIB), at least 15% for non-institutional investors (NII), and at least 35% for retail investors. An employee reservation is also provided for equity shares aggregating up to Rs 50 million.

The basis of allotment is expected to

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