Fujiyama Power Systems IPO Price: ₹216 to ₹228 per share
IPO Dates: 13th November 2025 – 17th November 2025
Company Overview
Founded in 2017, Fujiyama Power Systems Limited is engaged in manufacturing and providing solutions in the rooftop solar industry, offering on-grid, off-grid, and hybrid solar systems.
The company has built an extensive product portfolio of over 522 SKUs, including solar inverters, panels, and batteries, aimed at reducing customer dependence on external OEMs.
Distribution & Service Network
Fujiyama Power Systems operates through a strong and widespread distribution network comprising:
- 725+ distributors
- 5,546 dealers
- 1,100 exclusive “Shoppe” franchisees trained to deliver customized solar solutions
- Additionally, the company is supported by 602+ qualified service engineers providing after-sales maintenance and technical support.
Product Portfolio
The company offers a comprehensive range of solar and power backup products, including:
- Solar PCUs, on-grid, off-grid, and hybrid inverters
- Solar panels, PWM chargers, and other battery chargers
- Lithium-ion and tubular batteries
- Online and offline UPS systems
- Solar management units and charge controllers
Manufacturing Facilities
Fujiyama Power Systems has four manufacturing facilities located in:
- Greater Noida, Uttar Pradesh
- Parwanoo, Himachal Pradesh
- Bawal, Haryana
- Dadri, Uttar Pradesh
The production units are certified under:
- ISO 9001:2015 (Quality Management)
- ISO 14001:2015 (Environmental Management)
- ISO 45001:2018 (Occupational Health & Safety)
Exports
The company exports its products to several international markets, including the USA, Bangladesh, and the UAE, among other Asian countries.
Competitive Strengths
- Quality-centric, precision-driven large-scale manufacturing infrastructure ensuring production efficiency
- Robust distribution network and strong post-sales service capabilities
- Proven track record in technological development and product innovation
- Diverse solar product range establishing leadership in the rooftop solar segment
- Experienced promoters and senior management supported by a committed workforce
Bidding Starts In
Fujiyama Power Systems IPO Specifics:
| IPO Date | November 13, 2025 to November 17, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹216 to ₹228 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| 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) |
| 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 |
Fujiyama Power Systems IPO Timetable (Important Dates)
| IPO Open Date | Thu, Nov 13, 2025 |
| IPO Close Date | Mon, Nov 17, 2025 |
| Tentative Allotment | Tue, Nov 18, 2025 |
| Initiation of Refunds | Wed, Nov 19, 2025 |
| Credit of Shares to Demat | Wed, Nov 19, 2025 |
| Listing Date | Wed, Nov 19, 2025 |
| Cut-off time for UPI mandate confirmation | 55 PM on Mon, Nov 17, 2025 |
Fujiyama Power Systems IPO Lot Size
Bidders have the opportunity to bid for a minimum of 65 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | 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 |
Fujiyama Power Systems IPO Reservation
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Fujiyama Power Systems IPO Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,243.88 | 1,013.96 | 609.64 | 514.56 |
| Total Income | 597.79 | 1,550.09 | 927.20 | 665.33 |
| Profit After Tax | 67.59 | 156.34 | 45.30 | 24.37 |
| EBITDA | 105.89 | 248.52 | 98.64 | 51.60 |
| NET Worth | 464.34 | 396.82 | 239.54 | 193.08 |
| Reserves and Surplus | 436.33 | 368.81 | 215.00 | 70.55 |
| Total Borrowing | 432.83 | 346.22 | 200.19 | 211.14 |
Key Performance Indicator – Fujiyama Power Systems IPO
| KPI | Values |
|---|---|
| ROE | 39.40% |
| ROCE | 41.01% |
| Debt/Equity | 0.87 |
| PAT Margin | 10.15% |
| RoNW | 39.40% |
| EBITDA Margin | 16.13% |
| Price to Book Value | 16.09 |
| Market Capitalization | ₹₹6,986.17 Cr. |
| EPS (Rs) | 5.58 |
| P/E (x) | 40.85 |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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