Fujiyama Power IPO

Fujiyama Power Systems IPO is a book-built issue worth Rs 828.00 crores, comprising a fresh issue of Rs 600.00 crores and an Offer for Sale of Rs 228.00 crores. The IPO opens for subscription on November 13, 2025, and closes on November 17, 2025, with allotment expected on November 18, 2025, and listing on BSE and NSE scheduled for November 20, 2025. The price band is fixed between Rs 216 and Rs 228 per share. The lot size is 65 shares, requiring a minimum retail investment of Rs 14,820. Motilal Oswal Investment Advisors Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar.

Fujiyama Power IPO Details

Check out the issue details for Fujiyama Power IPO as disclosed in SEBI.

Price Band

₹ 216 - 228

Issue Size

828 Cr.

Issue Type

Book Built

Open

2025-11-13

Close

2025-11-17

Fujiyama Power News

Fujiyama Power Systems coming with IPO to raise upto Rs 861 crore11 Nov 2025, 5:06PM Fujiyama Power Systems files DRHP with SEBI to raise funds via IPO 31 Dec 2024, 3:00PM

Company Financials

You can get the following financial statements of Fujiyama Power as of now.

Company Name

Fujiyama Power

Exchange

NSE: UTLSOLAR

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Fujiyama Power Systems IPO Details

The details about the Fujiyama Power Systems IPO are as follows:

  • The issue size of the IPO is Rs 828.00 Cr.
  • The price band for Fujiyama Power Systems IPO is Rs 216 to Rs 228.
  • The shares of Fujiyama Power Systems IPO will list on BSE and NSE.
  • The latest tentative GMP of Fujiyama Power Systems IPO is Rs .
  • The shares of Fujiyama Power Systems IPO are subscribed _ Times.

 

Fujiyama Power Systems IPO Valuation

The approximate valuation of Fujiyama Power Systems IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 228
Existing Shares (Qty) 28 Cr
Fresh Issue Rs 600 Cr
Market Cap Rs 6,984 Cr
EPS (FY25) Rs 5.59
PE Ratio 40.78x
Industry PE 42.87x

 

Fujiyama Power Systems IPO Issue Size

Fujiyama Power Systems IPO issue size is Rs 828.00 Cr.

Issue Amount
Fresh Issue Rs 600.00 Cr
Offer For Sale Rs 228.00 Cr

 

Fujiyama Power Systems IPO Market Lot

An individual can apply for a minimum of 1 lot of 65 shares and a maximum of 13 lots (845 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 65 Rs 14,820
Retail Maximum 13 845 Rs 1,92,660

 

Fujiyama Power Systems IPO Share Offer

The shares of Fujiyama Power Systems IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Fujiyama Power Systems IPO GMP (Grey Market Premium)

As on GMP (Tentative)
10 November 2025 Rs

Fujiyama Power Systems IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Fujiyama Power Systems IPO Dates

Find below the dates for Fujiyama Power Systems IPO

Schedule Date
Basis of Allotment 18 Nov 2025
Refunds 19 Nov 2025
Credit to Demat Account 19 Nov 2025
IPO Listing Date 20 Nov 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 506.84 664.08 924.69 1540.68
Total Expenditure 461.95 612.12 825.82 1291.85
Operating Profit 44.89 51.96 98.87 248.83
Other Income 1.29 1.24 2.51 9.42
Interest 5.26 15.79 25.97 27.13
Depreciation 1.37 5.94 12.81 17.99
Exceptional Items 0 0 0 0
Profit Before Tax 39.55 31.48 62.6 213.12
Provision for Tax 11.01 7.11 17.3 56.79
Net Profit 28.54 24.37 45.3 156.34
Adjusted EPS (Rs.) 0.18 0.16 0.16 0.56

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 122.53 122.53 24.54 28.01
Total Reserves 58.53 70.55 215 368.81
Borrowings 14.54 66.71 63.21 88.46
Other N/C liabilities 3.01 11.81 19.87 76.81
Current liabilities 200.7 242.96 287.02 451.87
Total Liabilities 399.31 514.56 609.64 1013.96
Assets
Net Block 114.2 230.1 276.08 418.45
Capital WIP 0 7.97 0 0
Intangible WIP 0 0 0 0
Investments 0.01 0 0 0.01
Loans & Advances 8.02 7.36 2.54 26.82
Other N/C Assets 0 2.13 2.06 1.56
Current Assets 277.09 267 328.97 567.12
Total Assets 399.31 514.56 609.64 1013.96
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 39.55 31.48 62.6 213.12
Adjustment 5.96 21.33 45.79 47.36
Changes in Assets & Liabilities -89.24 28.21 -15.45 -198.71
Tax Paid -14.73 -3.14 -7.48 -43.63
Operating Cash Flow -58.46 77.88 85.46 18.14
Investing Cash Flow -45.72 -132.31 -44.59 -118.13
Financing Cash Flow 103.99 54.5 -36.76 104
Net Cash Flow -0.19 0.08 4.1 4.01

Fujiyama Power Systems IPO: Date, Price Band, & Company Details

Fujiyama Power Systems, a Noida-based manufacturer of products and solution provider in the rooftop solar industry, is set to launch its Initial Public Offering (IPO) on November 13, 2025. The public issue, which will close on November 17, 2025, aims to raise Rs 828 crore through a combination of a fresh issue of shares and an Offer for Sale (OFS) by its promoters.?

About Fujiyama Power Systems

Fujiyama Power Systems is a key player in the renewable energy sector, specialising in the manufacturing of solar inverters, solar panels, and lithium-ion batteries. The company provides comprehensive solutions for the rooftop solar industry under its well-known brands, UTL Solar and Fujiyama Solar.?

Key Business Highlights

  • Comprehensive Product Portfolio: The company offers a wide range of products that are crucial for the solar energy ecosystem. This includes solar panels, solar inverters, and batteries, making it a one-stop solution provider for its customers.?

  • Strong Brand Presence: Fujiyama operates under two major brands, UTL Solar and Fujiyama Solar, which have a strong recall in the rooftop solar market.?

  • Manufacturing Capabilities: The company is focused on expanding its manufacturing capabilities to meet the growing demand for solar products in India.

Fujiyama Power Systems IPO Details (2025)

  • IPO Open Date: November 13, 2025?

  • IPO Close Date: November 17, 2025?

  • Listing Date: November 20, 2025 (Tentative).?

  • Price Band: Rs 216 – Rs 228 per share.?

  • Issue Size: Rs 828 crore.?

  • Fresh Issue: Rs 600 crore.?

  • Offer for Sale (OFS): Rs 228 crore.?

  • Lot Size: 65 Shares.?

  • Minimum Investment (Retail): Rs 14,820 at the upper price band.?

IPO Structure & Utilisation

  • Offer for Sale: The OFS component will see the company's promoters, Pawan Kumar Garg and Yogesh Dua, offloading a portion of their stake.?

  • Use of Proceeds: The funds raised from the fresh issue will be primarily used for the establishment of a new manufacturing facility and for debt repayment:?

    • New Manufacturing Facility: Rs 180 crore will be utilised to set up a new manufacturing plant in Ratlam, Madhya Pradesh, for producing solar inverters, solar panels, and lithium-ion batteries.

    • Debt Repayment and General Corporate Purposes: The remaining proceeds will be used for repaying outstanding borrowings and for general corporate purposes.

  • Reservation: The issue has a reservation of 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors.?

Key Dates & Timeline

  • Anchor Investor Bidding: November 12, 2025?

  • IPO Opening: November 13, 2025?

  • IPO Closing: November 17, 2025?

  • Allotment Finalisation: November 18, 2025?

  • Listing on BSE & NSE: November 20, 2025?

Frequently Asked Questions (FAQs) about Fujiyama Power Systems IPO

Q1: When is the Fujiyama Power Systems IPO scheduled to open?
The IPO will be open for subscription from November 13 to November 17, 2025.?

Q2: What is the issue size and price band for the IPO?
The total issue size is Rs 828 crore, and the price band has been set at Rs 216 to Rs 228 per share.?

Q3: Who are the promoters of the company?
The promoters of Fujiyama Power Systems are Pawan Kumar Garg, Yogesh Dua, and Sunil Kumar.?

Q4: How will the funds raised from the IPO be used?
The proceeds from the fresh issue will be used to establish a new manufacturing facility in Madhya Pradesh, for debt repayment, and for general corporate purposes.

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