Fujiyama Power IPO opens tomorrow: No grey market buzz, but analysts say ‘Subscribe’

Fujiyama Power Systems launches its Rs 828 crore IPO on November 13. The price band is set at Rs 216-228 per share. The issue will be open for subscription until November 17. The company plans to use the funds for a new manufacturing facility and debt repayment. Research houses recommend subscribing for long-term growth.