Fujiyama Power Systems shares make weak debut, list at 4% discount to IPO price

Fujiyama Power Systems shares debuted on Dalal Street with a discount. The solar solutions company’s IPO saw moderate interest. Fujiyama manufactures and sells a wide range of rooftop solar products. The company has a strong distribution network. Financials show robust growth. Analysts believe the issue is fully priced. Much will depend on market conditions.