New Delhi, Nov. 12 -- Amid the flurry of initial public offerings (IPOs) this month, Fujiyama Power Systems IPO is opening for public subscription on Thursday, November 13. The company, which deals primarily in the solar industry, aims to raise Rs.600 crore from the fresh issue of shares, which it will use for establishing a manufacturing facility, payment of certain borrowings, and for general corporate purposes. Meanwhile, the grey market premium (GMP) of Fujiyama Power stock is nil as of November 12 noon, indicating low buzz among investors for the book build issue.

According to grey market sources, Fujiyama Power Systems' IPO GMP on November 12 was nil. This indicates the issue may be listed at par with the issue price.

1. Fujiyama ...