Fujiyama Power Systems Limited IPO

Mainboard

Other Electrical Equipment

Listed On: Nov 20, 2025 at ₹ 220.0(NSE)

₹ 14820 /65 Shares

Check Allotment

13 Nov, 2025

Open Date

17 Nov, 2025

Close Date

18 Nov, 2025

Allotment Date

20 Nov, 2025

Listing Date

Price Summary

Last Closing

211.00 (-7.46%)

52 Week High

230.99

52 Week Low

204.70

Last Update

26-Nov-2025 3:30 PM

Expected Premium

+ ₹1 (0.44%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Fujiyama Power Systems IPO Live 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

Last updated: 17 Nov 2025,07:00:00 PM

Fujiyama Power Systems IPO Issue Details

Issue Price ₹216-228 per equity share
Face Value ₹1 Per Equity Share
Total Issue Size 2,63,15,789 shares(aggregating up to ₹828 crore)
Fresh Share 2,63,15,789 shares(aggregating up to ₹600 crore)
Offer For Sale 1,00,00,000 shares(aggregating up to ₹228 crore)
Listing at BSE, NSE
List Price 220.0(NSE)
Listing Date 2025-11-20
Lead Manager Motilal Oswal Investment Advisors Ltd
SBI Capital Markets Ltd
Registrar MUFG Intime India Pvt.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
BHNI(min)	68	4,420	₹10,07,760

Fujiyama Power Systems IPO Reservation

Fujiyama Power Systems IPO offers total 36315789 shares. Out of which 7219298 (19.88%) allocated to QIB, 5414474 (14.91%) allocated to NII,12633772 (34.79%) allocated to RII, 219298 (0.6%) allocated to employees and 10828947 (29.82%) allocated to 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%)
bNII < ₹10L	3609649 (10%)
sNII < ₹10L	1804825 (5%)
Retail Shares Offered	12633772 (34.79%)
Employee Shares Offered	219298 (0.6%)
Total Shares Offered	36315789 (100%)

Fujiyama Power Systems IPO Documents

DRHP

RHP

ANCHOR

Fujiyama Power Systems IPO Details

Fujiyama Power Systems IPO is a book-built issue of ₹828 crores, The total issue size is ₹828 crores. The IPO of Fujiyama Power Systems is priced at ₹216-228 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Nov 13, 2025 and ends on Nov 17, 2025. The allotment for Fujiyama Power Systems IPO will be finalized on Nov 18, 2025. Fujiyama Power Systems IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 20, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 65 shares, extendable to 14,820. S-HNIs will be able to bid for 910 shares at ₹2,07,480, while B-HNIs can also apply for a bid of 4,420 shares at ₹10,07,760. The book-running lead manager for the IPO is/are Motilal Oswal Investment Advisors Ltd, SBI Capital Markets Ltd.

The total issue ₹828 crore, comprising a fresh issue of 2,63,15,789 shares ₹600 crore and having Offer for Sale (OFS) of 1,00,00,000 shares to mop up ₹228 crore.

The Fujiyama Power Systems IPO sets its price band at 216-228 for each share. A single application for Fujiyama Power Systems Limited IPO must contain at least 65 shares. Sentiment investors need to invest a minimum of 65 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,820 In order to participate in the sNII, investors must purchase at least 14 lots of 910 shares for ₹2,07,480, while the bNII requires 68 lots of 4,420 shares for an investment of ₹10,07,760.

As on	QIB	NII bNII sNII	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	0.05 0.03 x 0.10 x	0.16 x	0.09 x
Day 2 14-11-25 05:00 PM	0.82 x	0.11 0.06 x 0.21 x	0.30 x	0.41 x
Day 3 17-11-25 05:00 PM	5.15 x	0.88 0.54 x 1.55 x	0.98 x	2.12 x

Total No of Applications

1,44,808

Fujiyama Power Systems Valuations

EPS Pre IPO ₹5.58/-

EPS Post IPO ₹8.82/-

P/E Pre IPO 40.85

P/E Post IPO 25.84

ROE 39.4%

ROCE 41.01%

Debt/Equity 0.87

RoNW 39.4%

PAT Margin 10.15%

Price to Book Value 16.09

Market Cap. 6986.17 Cr.

Fujiyama Power Systems Company Financials

In Crs.

In Cr.

	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

About Fujiyama Power Systems Company

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

Pre Issue Share Holding : 99.67%

Post Issue Share Holding : 87.88%

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

Strength

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.

Weakness

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 Details

Fujiyama Power Systems

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

+91 1141055305

investor@utlsolarfujiyama.com

https://www.utlsolarfujiyama.com/

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

Fujiyama Power Systems IPO - FAQs

Ans. Fujiyama Power Systems Limited IPO is a Mainboard IPO. The issue is priced at ₹216-228 per equity share. The minimum order quantity is 65 Shares. The IPO opens on Nov 13, 2025, and closes on Nov 17, 2025. MUFG Intime India Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Fujiyama Power Systems Limited IPO is 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).

Ans. The Fujiyama Power Systems Limited IPO price band is set between ₹216-228 per equity share.

Ans. To apply for Fujiyama Power Systems Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Fujiyama Power Systems Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

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

Ans. The Fujiyama Power Systems Limited IPO will be listed on Nov 20, 2025.

Ans. Follow the steps to check the Fujiyama Power Systems Limited IPO allotment status online.