Fujiyama Power Systems IPO Details

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Fujiyama Power Systems IPO opens for subscription on 13 Nov 2025 and closes on 17 Nov 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 20 Nov 2025.

Fujiyama Power Systems IPO price band has been fixed at ₹216 – ₹228 per share.The face value is ₹1 per share with a lot size of 65.

Fujiyama Power Systems IPO total issue size comprises 3,63,15,790 shares (aggregating up to ₹828.00 Cr.). This includes a fresh issue of 2,63,15,790 shares (aggregating up to ₹600.00 Cr.). Offer for Sale consists of 1,00,00,000 shares (aggregating up to ₹228.00 Cr.). Pre-issue shareholding stands at 28,00,95,145, which will increase to 30,64,10,934 post-issue.

Fujiyama Power Systems IPO Lot Size : Retain Minimum is 1 lot (65 shares) amounting to ₹14,820. Retain Maximum is 13 lots (845 shares) amounting to ₹192,660. SHNI Minimum is 14 lots (910 shares) amounting to ₹207,480. SHNI Maximum is 67 lots (4,355 shares) amounting to ₹992,940. BHNI Minimum is 68 lots (4,420 shares) amounting to ₹1,007,760.

The Lead Managers for Fujiyama Power Systems IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is SBI Capital Markets Limited, Motilal Oswal Investment Advisors Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Fujiyama Power Systems Limited RHP.

Fujiyama Power Systems IPO Details

Listing Price : ₹220 at a Discount of 3.51%
Open Date
13 Nov 2025
Close Date
17 Nov 2025
Listing Date
20 Nov 2025
Issue Price
₹216 - ₹228
Face Value
₹1 per share
Lot Size
65
GMP
₹0
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
280095145
Share holding post issue
306410934
Total Issue Size
3,63,15,790 shares (aggregating up to ₹828.00 Cr.)
Fresh Issue
2,63,15,790 shares (aggregating up to ₹600.00 Cr.)
Offer for Sale
1,00,00,000 shares (aggregating up to ₹228.00 Cr.)

Fujiyama Power Systems IPO Subscription

Fujiyama Power Systems IPO Application Wise Breakup (Approx)

Fujiyama Power Systems IPO Dates

  • 13 Nov 2025
    Opening dateOPD
  • 17 Nov 2025
    Closing dateCOD
  • 18 Nov 2025
    Allotment Date BOA
  • 19 Nov 2025
    Initiation of RefundsIOR
  • 19 Nov 2025
    Credit of SharesCOS
  • 20 Nov 2025
    Listing dateLID

Fujiyama Power Systems IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum165₹14,820
Retain Maximum13845₹192,660
SHNI Minimum14910₹207,480
SHNI Maximum674355₹992,940
BHNI Minimum684420₹1,007,760

Fujiyama Power Systems IPO Reservation

Promoter Holding

Pre Issue:99.67%
Post Issue:87.84%
Promoter Names:
Pawan Kumar Garg, Yogesh Dua, Sunil Kumar

Fujiyama Power Systems IPO Valuations

ROE:39.40%
ROCE:41.01%
DEBT/EQUITY:0.87
RONW:39.40%
PAT MARGIN:10.15%
PRICE TO BOOK VALUE:16.09
P/E Pre IPO:40.85
P/E Post IPO:41.01

Fujiyama Power Systems Financial Information

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,243.881,013.96609.64514.56
Total Income597.791,550.09927.20665.33
Profit After Tax67.59156.3445.3024.37
EBITDA105.89248.5298.6451.60
NET Worth464.34396.82239.54193.08
Reserves and Surplus436.33368.81215.0070.55
Total Borrowing432.83346.22200.19211.14
Amount in ₹ Crore

About Fujiyama Power Systems IPO

Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems. The company has designed an extensive product portfolio of over 522 SKUs, including solar inverters, panels, and batteries, to reduce customer reliance on alternative OEMs.

The company serves customers via an extensive distribution network with over 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees trained to understand customer needs and supply customized solar systems. Additionally, we have over 602+ qualified service engineers providing maintenance and technical support.

The company offers a wide range of products, including solar PCUs, off-grid, on-grid, and hybrid inverters, solar panels, PWM chargers, other battery chargers, lithium-ion and tubular batteries, online and offline UPS systems, solar management units, and charge controllers.

The company has four manufacturing facilities in Greater Noida, Uttar Pradesh, Parwanoo, Himachal Pradesh, Ba2017wal, Haryana and Dadri, UP.

The company's production systems are certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety).

The company exports its products to countries such as the USA and several Asian countries, including Bangladesh and the UAE.

 

Strength Of Fujiyama Power Systems IPO

  • Diversified portfolio of solar products and solutions which distinguishes us as a well-rounded leader in the rooftop solar industry.
  • Track record of technological development and product innovation.
  • Robust distribution network and post-sale service capabilities driving strong brand recognition.
  • Quality-centric and precision-driven large scale manufacturing infrastructure driving production efficiency.
  • Experienced Promoters and Senior Management and a committed employee base.
  • Robust financial performance and growth.

Risk Of Fujiyama Power Systems IPO

  • Its manufacturing facilities are subject to various operational risks. Any disruption in operations or shutdown of the company existing manufacturing facilities or future manufacturing facilities or any other operational problems caused by unforeseen events may reduce sales and adversely affect its business, and results of operations and financial condition.
  • Geographical concentration of its manufacturing facilities in northern India exposes it to region specific risks that could adversely affect the company business, financial condition, results of operations, and cash flows.
  • Its ability to grow the company retail sales depends on the success of its relationship with the company distributors, dealers and franchisees and an inability to maintain or further expand its retail network, could negatively affect the company business, cash flows and results of operations.
  • Its import a significant part of its raw material supply from China and the company import equipment and machinery from other foreign countries and the same is subject to certain risks. Restrictions on or import duties relating to materials and equipment imported for its manufacturing operations as well as restrictions on or import duties levied on the company products in its export markets may adversely affect its business prospects, financial performance and cash flows.
  • Decline in the price of its products may have an adverse impact on the company business, results of operations and cash flows.
  • Its market capitalization to total Revenue from Operations, the company market capitalization to tangible asset and the company enterprise value to EBITDA ratio, may not be indicative of the trading price of its Equity Shares upon listing on the Stock Exchanges subsequent to the Offer and, as a result, you may lose a significant part or all of your investment.
  • The company derives a substantial portion of its retail sales from Uttar Pradesh and are in the process of expanding its retail network to target new customers. Any adverse change in the demand of the company products in Uttar Pradesh or failure to expand into new markets may have an adverse impact on its business, growth, financial condition, cash flows and results of operations.
  • The company is in the process of expanding its operations by targeting new customers and expanding its retail network in markets where the company does not have a significant presence and prior experience. Any failures to expand into these new markets or regions could adversely affect its sales, financial condition, result of operations, and cash flows.
  • Its may not be able to sustain the company rate of growth in the future.
  • The loss of one or more members of its senior management or key employees may adversely affect the company ability to conduct its business and implement the company strategy. Its success depends upon the company management team and skilled personnel and its ability to attract and retain such persons.

Objectives Fujiyama Power Systems IPO

  1. Financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India(the“Project”);
  2. Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the Company; and
  3. General corporate purposes.

Company Contact Details

Fujiyama Power Systems Ltd.
53A/6, Near NDPL Grid Office,
Near Metro Station
Sat Guru Ram Singh Marg
Delhi, New Delhi, 110015
Phone: +91 1141055305
Email: investor@utlsolarfujiyama.com
Website: https://www.utlsolarfujiyama.com/

Registrar Contact Details

Name: MUFG Intime India Private Limited
Phone: +91-22-4918 6270

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