Fujiyama Power Systems IPO
GMP, Subscription, Price, Dates & Financial Details
Power and Energy
Fujiyama Power Systems LimitedOverview Founded in 2017, Fujiyama Power Systems Limited is a leading manufacturer and solutions provider in the rooftop solar energy sector, offering comprehensive on-grid, off-grid, and hybrid solar systems. The company’s mission is to empower customers with reliable…
Open Date
Thu, 13 Nov 2025
Close Date
Mon, 17 Nov 2025
Price Band
₹ 216 – 228
Lot Size
65
Issue Size
₹ 228.00 Cr
Minimum Investment
₹ 14,820 (65 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Fujiyama Power Systems IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹228.00 Crore and an offer for sale (OFS) of 100.00 Lakh equity shares aggregating to ₹228.00 Crore by the existing shareholders.
The Fujiyama Power Systems IPO remained open for subscription from November 13, 2025, to November 17, 2025. The basis of allotment was finalized on November 18, 2025, and the company's shares were listed on the NSE and BSE on November 20, 2025.
The company had fixed the price band at ₹216 to ₹228 per share, with a lot size of 65 shares. Retail investors were required to make a minimum investment of ₹14,820 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Fujiyama Power Systems Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Fujiyama Power Systems IPO Timeline (Tentative)
- IPO Open Date
- Thu, 13 Nov 25
- IPO Close Date
- Mon, 17 Nov 25
- Basis of Allotment
- Tue, 18 Nov 25
- Initiation of Refunds
- Wed, 19 Nov 25
- Credit of Shares to Demat
- Wed, 19 Nov 25
- Listing Date
- Thu, 20 Nov 25 — NSE & BSE
Open Date
13 November 2025
Close Date
17 November 2025
Basis Of Allotment
18 November 2025
Listing Date
20 November 2025
IPO Subscription
Check Live Subscription →The Fujiyama Power Systems IPO has received bids for 5,63,26,595 shares against 2,63,47,221 shares offered, resulting in an overall subscription of 2.14x. the NII category is subscribed 0.88x, Retail Investors 1x, Employees 1.47x, and QIBs 5.15x. Within the NII category, BNII is subscribed 0.54x, while SNII is subscribed 1.57x.
QIB
5.15x
NII
0.88x
BNII
0.54x
SNII
1.57x
RII
1x
EMP
1.47x
Total
2.14x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,31,41,204 shares, representing 49.88% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 73,42,591 shares (27.87%), while Non-Institutional Investors (NIIs) receive 56,31,945 shares (21.38%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 7,342,591 | 27.87% |
| Non-Institutional | 5,631,945 | 21.38% |
| BNII | 3,754,630 | 14.25% |
| SNII | 1,877,315 | 7.13% |
| Retail Investors | 13,141,204 | 49.88% |
| Employees | 231,481 | 0.88% |
| Total | 26,347,221 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1243.88 | 1013.96 | 609.64 | 514.56 |
| Revenue | 597.79 | 1550.09 | 927.2 | 665.33 |
| Profit After Tax | 67.59 | 156.34 | 45.3 | 24.37 |
| Net Worth | 464.34 | 396.82 | 239.54 | 193.08 |
| Reserve & Surplus | 436.33 | 368.81 | 215 | 70.55 |
| Total Borrowings | 432.83 | 346.22 | 200.19 | 211.14 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Fujiyama Power Systems Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 39.4 | 18.91 | 12.62 |
| ROCE % | 41.01 | 26.6 | 16.81 |
| Debt / Equity | 0.87 | 0.84 | 1.09 |
| RoNW % | 39.4 | 18.91 | 12.62 |
| Pat Margin % | 10.15 | 4.9 | 3.67 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Fujiyama Power Systems Ltd | 1 | 0.00 | 5.59 | 5.56 | 39.40 | 14.17 |
| Waaree Energie | 10 | 49.04 | 68.24 | 67.96 | 20.09 | 334.00 |
| Premier Energies | 1 | 47.91 | 21.35 | 21.35 | 33.21 | 62.61 |
| Exicom Tele Systems | 10 | 0.00 | -9.11 | -9.11 | -17.93 | 50.80 |
| Insolation Energy | 1 | 31.68 | 5.95 | 5.95 | 20.46 | 28.00 |
About Fujiyama Power Systems Limited
Fujiyama Power Systems Limited
Overview
Founded in 2017, Fujiyama Power Systems Limited is a leading manufacturer and solutions provider in the rooftop solar energy sector, offering comprehensive on-grid, off-grid, and hybrid solar systems. The company’s mission is to empower customers with reliable and sustainable solar energy solutions while reducing dependence on third-party OEMs.
Product Portfolio
Fujiyama has developed an extensive product portfolio comprising over 522 SKUs, including:
- Solar inverters (on-grid, off-grid, and hybrid)
- Solar panels
- Lithium-ion and tubular batteries
- Solar PCUs
- PWM and other battery chargers
- Solar management units (SMUs)
- Charge controllers
- Online and offline UPS systems
This diverse range of products enables the company to deliver end-to-end solar solutions tailored to customer needs.
Distribution and Service Network
The company operates through a robust pan-India distribution network, consisting of:
- 725+ distributors
- 5,546+ dealers
- 1,100+ exclusive “Fujiyama Shoppe” franchise outlets
Each “Shoppe” is managed by trained professionals equipped to understand customer requirements and deliver customized solar solutions. In addition, Fujiyama is supported by a team of over 602 qualified service engineers who provide reliable installation, maintenance, and technical support across the country.
Manufacturing Facilities
Fujiyama Power Systems Limited operates four state-of-the-art manufacturing facilities located in:
- Greater Noida, Uttar Pradesh
- Parwanoo, Himachal Pradesh
- Bawal, Haryana
- Dadri, Uttar Pradesh
All facilities are equipped with advanced production technologies and adhere to the highest international standards of quality and safety.
Certifications
The company’s manufacturing systems are certified under the following international standards:
- ISO 9001:2015 – Quality Management System
- ISO 14001:2015 – Environmental Management System
- ISO 45001:2018 – Occupational Health and Safety Management System
Global Presence
Fujiyama Power Systems has established a growing global footprint, exporting its products to markets including the United States, Bangladesh, the United Arab Emirates, and several other Asian countries.
Fujiyama Power Systems IPO Promoters
- Pawan Kumar Garg
- Yogesh Dua
- Sunil Kumar
Promoters Holding
Holding Pre Issue
99.67%
Holding Post Issue
0.00%
Fujiyama Power Systems IPO Objective
“The Net Proceeds from the Fresh Issue, i.e., the Gross Proceeds after deducting the portion of Offer expenses attributable to the Company in relation to the Fresh Issue, are proposed to be utilized for the following purposes:”
- Financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India
- Repayment of certain outstanding borrowings availed by our Company
- General Corporate Purposes
Fujiyama Power Systems Limited Address / Contact Details
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: investor@utlsolarfujiyama.com
Website: https://www.utlsolarfujiyama.com/
IPO Snapshot
Fujiyama Power Systems IPO Lot Size
The Fujiyama Power Systems IPO has a lot size of 65 shares. Retail investors require a minimum investment of ₹14,820 by applying for 1 lot (65 shares). The maximum application allowed for the retail category is 13 lots (845 shares), requiring an investment of ₹1,92,660.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 65 | 14,820.00 |
| Retail (Max) | 13 | 845 | 192,660.00 |
| S-HNI (Min) | 14 | 910 | 207,480.00 |
| S-HNI (Max) | 67 | 4,355 | 992,940.00 |
| B-HNI (Min) | 68 | 4,420 | 1,007,760.00 |
Issue Reservation
- QIB — 27.87%
- NII — 21.38%
- RII — 49.88%
- EMP — 0.88%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- SBI Capital Markets Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Fujiyama Power Systems IPO?
Fujiyama Power Systems IPO is a Book-building IPO with a total issue size of ₹228 crore. The Fujiyama Power Systems IPO price band is ₹216 to 228 per share. The Fujiyama Power Systems IPO subscription opens on Thu, Nov 13, 2025, and closes on Mon, Nov 17, 2025. The Fujiyama Power Systems IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Fujiyama Power Systems IPO.
When will the Fujiyama Power Systems IPO open for subscription?
The Fujiyama Power Systems IPO opens on Thu, Nov 13, 2025 and closes on Mon, Nov 17, 2025
What is Fujiyama Power Systems IPO Price Band?
Fujiyama Power Systems IPO Price Band is ₹216 to 228 per share.
What is Fujiyama Power Systems IPO Lot Size?
Fujiyama Power Systems IPO lot size is 65 shares, Retail investors need a minimum investment of ₹14820 based on the upper price band
What is the minimum investment for Fujiyama Power Systems IPO?
The minimum investment for Fujiyama Power Systems IPO is ₹14820, based on one lot of 65 shares at the upper price band of ₹228 per share.
How to apply for Fujiyama Power Systems IPO?
Investors can apply for the Fujiyama Power Systems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Nov 17, 2025. The application amount remains blocked until the Fujiyama Power Systems IPO allotment is finalized.
What is Fujiyama Power Systems IPO Issue Size?
Fujiyama Power Systems IPO issue size is ₹228 crores.
What is the Fujiyama Power Systems IPO Allotment Date?
Fujiyama Power Systems IPO allotment date is Tue, Nov 18, 2025.
Who is the Fujiyama Power Systems IPO Registrar?
The registrar for Fujiyama Power Systems IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Fujiyama Power Systems IPO allotment status, refund processing, and other IPO-related information.
What is the Fujiyama Power Systems IPO GMP?
The Fujiyama Power Systems IPO GMP (Grey Market Premium) is ₹3 as of Wed, Nov 19, 2025. Based on the upper price band of ₹228 per share, the estimated Fujiyama Power Systems IPO listing price is ₹231, indicating a potential listing gain of approximately 1.32% over the issue price.
Who is the Fujiyama Power Systems IPO Lead Manager?
The book-running lead managers (BRLMs) for the Fujiyama Power Systems IPO are Motilal Oswal Investment Advisors Ltd, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Fujiyama Power Systems IPO Red Herring Prospectus (RHP).