The issue generated a demand of close to Rs 1,284 crore

The Initial Public Offering of Fujiyama Power Systems Limited (UTL Solar) was subscribed 2.14 times on the final day of bidding.

The issue received bids of 5,63,26,400 shares against the offered 2,63,47,221 equity shares, at a price band of Rs 216 to 228 per share, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion and Non-Institutional Investors Portion were subscribed 5.15 times and 0.88 times respectively, whereas Retail Portion was subscribed 1 times. 

Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.