Fujiyama Power Systems Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹216 - ₹228
- Lot size
- 65 shares
- Issue amount
- ₹828 cr
- Total subscription
- 1.45×
- Opens
- 13 Nov 2025
- Closes
- 17 Nov 2025
- Allotment
- 18 Nov 2025
- Listing
- 20 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 3,63,15,789 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,040
- Fresh issue
- ₹600 cr
- Offer for sale
- ₹228 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,820
- Issue type
- Bookbuilding IPO
- Shares before issue
- 28,00,95,145
- Shares after issue
- 30,64,10,934
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 65 | ₹14,820 |
| sHNI | 14 | 910 | ₹2,07,480 |
| bHNI | 68 | 4,420 | ₹10,07,760 |
Share reservation
Subscription & GMP
Subscription by category
Reported 17 Nov 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,94,366 | 1,00,277 |
| EMPLOYEES | 0 | 1,686 |
| HNIs(10L +) | 3,967 | 246 |
| HNIs (2-10L) | 1,983 | 1,509 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 164.6 | 575.61 |
| FIIs | 0 | 491.35 |
| FIs | 0 | 40 |
| Mutual Funds | 0 | 164.6 |
| Others | 0 | 166.4 |
| RETAIL | 288.05 | 197.17 |
| HNIs 2+ | 41.15 | 38.94 |
| HNIs 10+ | 82.3 | 28.28 |
| EMPLOYEES | 5 | 5.21 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 14.56 | 39.4 | 18.91 | 12.62 |
| ROCE | 14.85 | 41.01 | 26.6 | 16.81 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 40.85 | 0 | 0 |
| POST IPO(PE) | 25.84 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Fujiyama Power Systems Limited | 0 | 0 | 1.00 | 14.17 | 39.40 | 5.59 |
| Waaree energies limited | 49.04 | 3332.65 | 10.00 | 334.00 | 20.09 | 68.24 |
| R S premier energies limited | 47.91 | 1022.80 | 1.00 | 62.61 | 33.21 | 21.35 |
| Exicom Tele Systems | 0 | 144.50 | 10.00 | 50.80 | -17.93 | -9.11 |
| Insolation Energy Limited | 31.68 | 188.50 | 1.00 | 28.00 | 20.46 | 5.95 |
Company information
Company profile
Incorporated in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy solutions industry and manufactures a wide range of products used in residential, commercial, and industrial solar setups. The company has a portfolio of 500+ SKUs that includes on-grid, off-grid, and hybrid solar inverters, solar panels, lithium-ion and tubular batteries, charge controllers, PWM chargers, and UPS systems, enabling reduced dependency on third-party OEMs. Fujiyama has a strong nationwide distribution network with over 480 distributors, 3,600+ dealers, and 1,000+ exclusive Shoppe franchisees, supported by 500+ trained service engineers. The company’s manufacturing facilities are located in Greater Noida (UP), Parwanoo (HP), and Bawal (Haryana).
Strengths
- Diversified Product Range: Wide portfolio of rooftop solar products and EV solutions.
- Strong R&D & Innovation: 29+ years experience, 65+ R&D experts & 500+ engineers driving innovation.
- Experienced Leadership: Promoters with 50+ years combined experience backed by a skilled workforce.
Risk factors
- Operational Risk: Any disruption in manufacturing may affect production and financial performance.
- Geographical Concentration: All units are in North India, exposing the business to region-specific risks.
- Distribution Dependency: Heavy reliance on distributors, dealers & franchisees; any breakdown may impact growth.
Promoters
Pawan Kumar Garg
Yogesh Dua
Sunil Kumar
Registrar & documents
Lead manager
Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Fujiyama Power Systems Ltd. 53A/6, Near NDPL Grid Office, Near Metro Station Sat Guru Ram Singh Marg Delhi, New Delhi, 110015
+91 1141055305
[email protected]Company website ↗Understanding UTLSOLAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.