Fujiyama Power Systems Limited IPO

Fujiyama Power Systems Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹216 - ₹228

Total Issue

₹828.00 Cr

Bid Dates

13 Nov - 17 Nov

Subscription

-

Est. GMP

₹0.5 (0.22%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Fujiyama Solar operates in India’s rooftop solar industry, manufacturing and supplying a wide range of solar products including panels, inverters, and batteries. It has developed several proprietary technologies, including its patented rMPPT technology. Its diverse portfolio of over 522 SKUs is marketed under the “UTL Solar” and “Fujiyama Solar” brands. As of June 30, 2025, the Company operates four manufacturing facilities and maintains a robust pan-India distribution network comprising over 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees.

Lot Info

Lot Information for Fujiyama Power Systems IPO
Category Lots Shares Amount
Retail (Min) 1 65 ₹14,820
Retail (Max) 13 845 ₹1,92,660
S-HNI (Min) 14 910 ₹2,07,480
S-HNI (Max) 67 4,355 ₹9,92,940
B-HNI (Min) 68 4,420 ₹10,07,760

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
Rs. 5 Cr
Shareholder
-

Issue Size

Total ₹828.00 Cr
Fresh Issue
₹600.00 Cr (2.63 Cr Shares)
Offer For Sale
₹228.00 Cr (1.00 Cr Shares)

Objects of Issue

  1. Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India
  2. Repayment of all or a portion of certain outstanding borrowings availed by our Company
  3. General corporate purposes

Grey Market Premium

GMP ₹0.5
Est. Price ₹228.50
Est. Gain 0.22%

Fujiyama Power Systems IPO Peer Comparison

(Rs. in crores)

Fujiyama Power Systems IPO Peer Comparison Table
Particulars Fujiyama Waaree Energies Premier Energies Exicom Tele Insolation Energy
Revenue from Ops (in Crs.) 1,540.68 14,444.50 6,518.75 867.61 1,333.76
PAT (In Crs.) 156.34 1,928.13 126.20 -110.03 937.13
EPS - Basic 5.59 68.24 21.35 -9.11 5.00
NAV per share 14.17 334.00 62.61 50.80 28.00
RONW 39.40% 20.09% 33.21% -17.93% 20.46%
EBITDA 16.13% 18.81% 12.06% -4.31% 27.33%
PAT Margin 10.15% 13.35% 9.46% -12.68% 14.38%
Price to earning (PE) 40.79 49.04 47.91 NA 31.68
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 10, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Fujiyama Power Systems IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue from Operations 597.35 1,540.68 924.69 664.08
Profit after Tax 67.59 156.34 45.30 24.37
Net Worth 464.34 396.82 239.54 193.08
Total Borrowing 432.83 346.22 200.19 200.19
Total Assets 1,243.88 1,013.96 609.64 514.56
NAV per share (in ₹) 16.58 14.19 8.56 6.90
EPS - Basic (in ₹) 2.41 5.59 1.62 0.87

KPIs

EBITDA

16.13%

PAT

10.15%

ROE

39.40%

ROCE

41.01%

Debt to Equity

0.87

PE Ratio

40.79

PB Ratio

16.07

Mkt Cap (in Crs.)

6,986.17

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

99.66%

Public

0.34%

Pawan Kumar Garg 38.68%
Yogesh Dua 38.68%
Sunil Kumar 4.91%
Others 17.39%

Management

Pawan Garg Chairman & JMD
Yogesh Dua CEO & JMD
Prashant Gupta CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Frequently Asked Questions

What is Fujiyama Power Systems IPO?
Fujiyama Power Systems IPO is a Mainboard IPO having an issue size of ₹828.00 Crs. Fujiyama Power Systems IPO is priced at ₹216 - ₹228 per share. The issue opens on 13 Nov 25 and closes on 17 Nov 25.
When will Fujiyama Power Systems IPO open?
Fujiyama Power Systems IPO opens on 13 Nov 25 and closes on 17 Nov 25.
What is the GMP of Fujiyama Power Systems IPO?
The estimated Grey Market Premium of Fujiyama Power Systems IPO is ₹0.5 per share (0.22%).
What is the lot size of Fujiyama Power Systems IPO?
The minimum lot size of Fujiyama Power Systems IPO is 65 shares & the minimum application amount is Rs. 14820.
When is the allotment of Fujiyama Power Systems IPO?
The allotment date of Fujiyama Power Systems IPO is 18 Nov 25.
What is the listing date of Fujiyama Power Systems IPO?
The listing date of Fujiyama Power Systems IPO is 20 Nov 25.
What is the subscription of Fujiyama Power Systems IPO?
Fujiyama Power Systems IPO is subscribed -.
What is the price band of Fujiyama Power Systems IPO?
Fujiyama Power Systems IPO is priced at ₹216 - ₹228 per share.
How to check allotment status of Fujiyama Power Systems IPO?
Click the allotment link on Fujiyama Power Systems IPO page of IPO360.
How to apply Fujiyama Power Systems IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Fujiyama Power Systems IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Fujiyama Power Systems IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Fujiyama Power Systems IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date