Fujiyama Power Systems IPO

Fujiyama Power Systems IPO is listed on BSE and NSE, priced at ₹216–₹228 per share. The stock debuted at ₹220. The IPO had a lot size of ₹65 shares and a minimum investment of ₹14,820.

Fujiyama Power Systems Limited IPO

Mainboard Listed
₹14,820 (65 Shares)
Minimum Investment
Check Allotment
IPO Dates
Nov 13, 2025 – Nov 17, 2025
Price band
₹216-228 per equity share
Minimum Investment
₹14,820
Issue size
₹828 Cr
Lot size
65
Allotment Date
Nov 18, 2025
Listing
Nov 20, 2025
Listing At
BSE, NSE

IPO timeline

  1. Nov 13, 2025

    Open Date

    Completed

  2. Nov 17, 2025

    Close Date

    Completed

  3. Nov 18, 2025

    Allotment Date

    Completed

  4. Nov 20, 2025

    Listing Date

    Completed

Price Summary

Last closing
273.10 (19.78%)
52 week high
313.00
52 week low
172.00
Last update

Fujiyama Power Systems IPO Subscription Details

View Subscription Details
QIB 5.15x
Retail 1.00x
NIIs NII (bids above ₹10L): 0.54x NII (bids below ₹10L): 1.57x NII Total: 0.88x
Retail 1.00x
EMP 1.47x
Total 2.14x

Fujiyama Power Systems IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

Fujiyama Power Systems IPO Essentials

Fujiyama Power Systems IPO Details

Fujiyama Power Systems IPO is priced at ₹216-228 per share with a total issue size of 828 crore. The IPO has a lot size of 65 shares and is listed on BSE and NSE.

Issue price
₹216-228 per equity share
Lot size
65 shares
Face value
₹1 Per Equity Share
Issue size
Total 828.0 Cr :
#Fresh Issue : 26,315,789 shares(aggregating up to ₹600.0 Cr) +
#OFS : 10,000,000 shares of ₹1(aggregating up to ₹228.0 Cr)
Total issue size
2,63,15,789 shares
(aggregating up to ₹828 crore)
Fresh issue
2,63,15,789 shares
(aggregating up to ₹600 crore)
Offer for sale (OFS)
1,00,00,000 shares
(aggregating up to ₹228 crore)
Listing at
BSE, NSE
List price
220.0(NSE)
Listing date
Registrar
MUFG Intime India Pvt.Ltd
Lead manager
Motilal Oswal Investment Advisors Ltd, SBI Capital Markets Ltd

Market Lot Size

Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 65 ₹14,820
Retail(max) 13 845 ₹1,92,660
sHNI(min) 14 910 ₹2,07,480
sHNI(max) 67 4,355 ₹9,92,940
sHNI(min) 68 4,420 ₹10,07,760

Fujiyama Power Systems IPO Documents

Fujiyama Power Systems IPO Reservation

Fujiyama Power Systems IPO reservation details show category-wise allocation of shares. Out of the total 36315789 shares, approximately 19.88% are reserved for QIB, 14.91% for NII, 34.79% for retail investors, 0.6% for employees, and 29.82% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 10828947 (29.82%)
QIB Shares Offered 7219298 (19.88%)
NII (HNI) Shares Offered 5414474 (14.91%)
bHNI > ₹10L 3609649 (10%) 3967
sHNI < ₹10L 1804825 (5%) 1983
Retail Shares Offered 12633772 (34.79%) 194366
Employee Shares Offered 219298 (0.6%)
Total Shares Offered 36315789 (100%)

Fujiyama Power Systems IPO Analytics

Fujiyama Power Systems IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Fujiyama Power Systems IPO Subscription Status

Fujiyama Power Systems IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 72,19,298
54,14,474
36,09,649
18,04,825
1,26,33,772 2,54,86,842
Day 1 13-11-25 05:00 PM
0.00 x
0.05x
0.03x
0.10x
0.16 x 0.09 x
Day 2 14-11-25 05:00 PM
0.82 x
0.11x
0.06x
0.21x
0.30 x 0.41 x
Day 3 17-11-25 05:00 PM
5.15 x
0.88x
0.54x
1.55x
0.98 x 2.12 x

Fujiyama Power Systems Valuations

Earnings

EPS Pre IPO
₹5.58/-
EPS Post IPO
₹8.82/-
P/E Pre IPO
40.85
P/E Post IPO
25.84

Returns

ROE
39.4%
ROCE
41.01%
RoNW
39.4%
PAT Margin
10.15%

Fundamentals

Debt / Equity
0.87
Price / Book
16.09
Market Cap
6986.17 Cr.

Data sourced from DRHP / RHP • For educational purposes only

Fujiyama Power Systems Financials( In Crs.)

30-Jun-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 1,243.88 1,013.96 609.64 514.56
Revenue 597.79 1,550.09 927.20 665.33
Profit After Tax 67.59 156.34 45.30 24.37
Net Worth 464.34 396.82 239.54 193.08
Reserves & Surplus 436.33 368.81 215.00 70.55
Total Borrowing 432.83 346.22 200.19 211.14

Fujiyama Power Systems Company & Offer Insights

About Fujiyama Power Systems

Established in 2017, Fujiyama Power Systems Limited produces products and solutions for the rooftop solar sector, such as on-grid, off-grid, and hybrid solar systems. The company has created a vast product portfolio of more than 500 SKUs, ranging from solar inverters, panels, and batteries, designed to minimize customer dependence on other OEMs.The Company serve customers through a large distribution network of more than 480 distributors, 3,600 dealers, and 1,000 exclusive 'Shoppe' franchisees who are trained to read customer requirements and provide tailor-made solar systems. We also have more than 400 experienced service engineers delivering maintenance and technical support.

The company deals with a broad portfolio of products such as 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 three production units in Greater Noida, Uttar Pradesh, Parwanoo, Himachal Pradesh and Bawal, Haryana.The production systems of the company are certified to ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety).

The products of the company are exported to nations like the USA and various countries in Asia, including Bangladesh and the UAE.
The company had 1,808 full-time employees as of September 30, 2024.

Fujiyama Power Systems Promoter(s)

Pawan Kumar Garg, Yogesh Dua, Sunil Kumar are the company's promoters of Fujiyama Power Systems.

Fujiyama Power Systems IPO Issue Objectives

Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India – ₹180.0 Cr
Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the Company – ₹275.0 Cr
General corporate purposes.

Fujiyama Power Systems IPO - Anchor Investors

Fujiyama Power raises nearly Rs 247 crore via anchor book.

Of the total allocation to anchor investors, 56.66 lakh shares worth Rs 129.2 crore (52.33 percent of anchor book) were allocated to two domestic mutual funds - Nippon Life India, and Tata Mutual Fund.

The other investors who participated in the anchor book include BNP Paribas, ValueQuest, Societe Generale, LC Pharos Multi Strategy Fund, Citigroup Global, and Ampersand Growth Opportunities Fund.

Fujiyama Power Systems IPO - Peers Comparison

P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Fujiyama Power N/A 40.7 39.4% 1540
Waaree Energies N/A 49.04 20.09% 14444
Premier Energies N/A 47.91 33.2% 6518
Exicom Tele N/A N/A -17.9% 867
Insolation Energy Ltd N/A 31.68 20.4% 1337

Fujiyama Power Systems IPO - Strengths and Risks

Fujiyama Power Systems IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Diversified Product Range: Comprehensive portfolio comprising rooftop solar products and EV solutions, making it a well-rounded leader in the solar space.
Strong R&D & Innovation: 29 years of experience with 65+ experts in R&D and 500+ engineers who focus on continuous technological improvements and product innovation.
Experienced Leadership: With the leadership of promoters with a combined experience of more than 50 years, the skilled and committed workforce ensures steady growth.

Risks

Operational Risks: Any disruption or shutdown of current and future manufacturing facilities because of unforeseen events may affect production, sales, and overall financial performance.
Geographical Concentration: All manufacturing units are located in northern India, exposing the company to region-specific risks that could affect business continuity and cash flows.
Dependency: Company growth is dependent on the distributor, dealer, and franchisee networks. An inability to maintain or expand such a network will be detrimental to sales and profitability.

Contact Information

Contact Details

Fujiyama Power Systems

+91 1141055305

investor@utlsolarfujiyama.com

https://www.utlsolarfujiyama.com/

53A/6, Near NDPL Grid Office, Near Metro Station Sat Guru Ram Singh Marg Delhi, New Delhi, 110015

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

fujiyamapower.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Frequently Asked Questions

Click any question to reveal the answer

Fujiyama Power Systems IPO is a book-built IPO worth ₹828 crore. The price band is ₹216–₹228 per share. The IPO opens on Nov 13, 2025 and closes on Nov 17, 2025. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.

The price band of Fujiyama Power Systems IPO is ₹216 to ₹228 per share.

The lot size of Fujiyama Power Systems IPO is 65 shares.

The minimum investment for Fujiyama Power Systems IPO is approximately ₹14,820 based on the upper price band .

Fujiyama Power Systems IPO opens on Nov 13, 2025 and closes on Nov 17, 2025.

The allotment date of Fujiyama Power Systems IPO is Nov 18, 2025.

Fujiyama Power Systems IPO is expected to be listed on Nov 20, 2025, on BSE and NSE .

Fujiyama Power Systems IPO listed on Nov 20, 2025. It was issued at ₹220.0(NSE) and is currently around ₹273.10 as on 14-May-2026 3:30 PM, which is approximately 19.8% versus issue price. The 52-week high is ₹313.00.

Based on listing and post-listing performance, Fujiyama Power Systems IPO delivered around 19.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Fujiyama Power Systems IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Fujiyama Power Systems IPO valuation snapshot: P/E 25.84, EPS ₹8.82/-, P/B 16.09, RoNW 39.4%, and market cap 6986.17 Cr.

To apply for Fujiyama Power Systems IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Fujiyama Power Systems IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Fujiyama Power Systems IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Fujiyama Power Systems IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Fujiyama Power Systems IPO allotment status on IPO Ji for quick and easy access.