| IPO Date | November 13, 2025 to November 17, 2025 |
| Listing Date | November 20, 2025 |
| Face Value | ₹ 1 / Share |
| Price Band | ₹ 216 to ₹ 228 / Share |
| Lot Size | 65 Shares |
| Total Issue Size | 3,63,15,789 shares (Aggregating up to ₹828.00 Cr) |
| Fresh Issue | 2,63,15,789 shares (Aggregating up to ₹600.00 Cr) |
| Offer for Sale | 1,00,00,000 shares of ₹1 (Aggregating up to ₹228.00 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 28,00,95,145 shares |
| Share holding post issue | 30,64,10,934 shares |
| Market Maker portion |
Fujiyama Power Systems Limited IPO opens on November 13, 2025, and closes on November 17, 2025.
| IPO Open Date | November 13, 2025 |
| IPO Close Date | November 17, 2025 |
| Basis of Allotment | November 18, 2025 |
| Initiation of Refunds | November 19, 2025 |
| Credit of Shares to Demat | November 19, 2025 |
| Listing Date | November 20, 2025 |
| Cut-off time for UPI mandate confirmation | November 17, 2025 |
Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | Rs.14,820 |
| Retail (Max) | 13 | 845 | Rs.192,660 |
| S-HNI (Min) | 14 | 910 | Rs.207,480 |
| S-HNI (Max) | 67 | 4,355 | Rs.992,940 |
| B-HNI (Min) | 68 | 4,420 | Rs.1,007,760 |
| HNI (Min) |
| Share Holding Pre Issue | 99.67% |
| Share Holding Post Issue | 87.88% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% |
|
| NII (HNI) Shares Offered | Not less than 15.00% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
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.
Competitive Strength
| KPI | Values |
|---|---|
| ROE | 39.40% |
| ROCE | 41.01% |
| Debt/Equity | 0.87 |
| RoNW | 39.40% |
| P/BV | 16.09 |
| PAT Margin (%) | 10.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.58 | |
| P/E (x) | 40.85 | 41.01 |
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: [email protected] Website: https://www.utlsolarfujiyama.com/ |
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |