Fujiyama Power IPO Listing: The shares of Fujiyama Power, a manufacturer of solar inverters, panels and batteries, were listed in the Indian stock market on Thursday, 20 November. The share was listed at a discount compared to the price fixed under its IPO of Rs 228.
The company’s shares were listed at Rs 218.40 on BSE and Rs 220.00 on NSE. Due to which investors did not get any listing gain. The company’s shares were listed at about 4 percent discount. Let us know the condition of the company in the stock market…
Company’s condition in stock market
Shares of Fujiyama Power were trading at Rs 223 on BSE around 12:05 pm on Thursday. Which shows a decline of 2.19 percent or Rs 5 from the IPO price. The shares started the trading day at Rs 218.40. However, after a bad start, recovery was visible in the shares.
During the trading day the company shares reached a high level of Rs 231. Whereas, if we talk about low level, it was Rs 215.75.
The company’s shares were trading at Rs 223.02 on NSE. Compared to the IPO price, there was a decline of Rs 4.98. The company’s shares had reached a high level of Rs 230.99 on NSE during the trading day. Whereas, the low level was Rs 215.82.
What does the company do?
Fujiyama Power Systems Limited Company is engaged in manufacturing solar inverters, panels and batteries. The company has a total of 4 manufacturing units including Uttar Pradesh, Himachal Pradesh and Haryana. The company sells its products in India including countries like America, Bangladesh and UAE. The total market cap of the company is Rs 6823.77 crore.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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