Fujiyama Power Systems Ltd IPO

Fujiyama Power Systems Ltd IPO

Our Company operates in the Indian rooftop solar industry, manufacturing and supplying a comprehensive range of solar products including solar panels, inverters and batteries. With a focus on innovation and R&D, our Company has a history of developing various technologies, including its patented rMPPT technology and offers a wide product portfolio of over 522 SKUs under UTL Solar and Fujiyama Solar brands. As of June 30, 2025, our Company currently operates four manufacturing facilities with its distribution network across India with more than 725 distributors, 5,546 dealers and 1,100 exclusive Shoppe franchisees. Some of our listed peers are Waaree Energies Limited, Premier Energies Limited, Exicom Tele-Systems Limited and Insolation Energy Limited.

Fujiyama Power Systems Ltd IPO Details

Total Shares Offered

TBA

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

₹ 23,04,53,145

Exchange

DBC

Issue size

TBA

IPO Open Date

Nov 13, 2025

Close Date

Nov 17, 2025

Lot Size

TBA

Min Investment

TBA

Issue Type

Book Building

Listing Date

Nov 20, 2025

Fujiyama Power Systems Ltd IPO Dates

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Nov 13, 2025
Opening date
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Nov 17, 2025
Closing date
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Nov 18, 2025
Basis of Allotment
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Nov 19, 2025
Initiation of Refunds
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Nov 19, 2025
Credit of Shares
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Nov 20, 2025
Listing date

Details

SectorType
SectorElectric Equipment
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Fujiyama Power Systems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations75.4137.4240.92
EBITDA88.2243.3642.29
PAT45.3024.3728.54
Total Assets334.96268.70278.27
Share Capital24.5413.6513.65
Total Borrowings223.55250.04181.91
Operating Activities (Net Cash)58.1130.3129.91
Investing Activities (Net Cash)0.00-7.970.01
Financing Activities (Net Cash)223.55250.04181.91
Net Cashflow14.7813.5720.23

About Fujiyama Power Systems Ltd

Our Company was incorporated as `Fujiyama Power Systems Private Limited' as a private limited company on November 29, 2017 under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 12, 2017, issued by the Registrar of Companies, Central Registration Centre. Our Company was subsequently converted from a private limited company to a public limited company pursuant to a special resolution passed by our Shareholders on October 10, 2024, and the name of our Company was changed to `Fujiyama Power Systems Limited'. A fresh certificate of incorporation dated November 20, 2024 was issued by the Registrar of Companies, Central Processing Centre, pursuant to the change of name of our Company on conversion to a public limited company.

Solar energy plays a pivotal role in India's renewable landscape. India's installed capacity surged from 35 GW in CY19 to 94 GW in CY24 and is expected to reach 365 GW by FY2032. This rapid growth also reflects policy support from state and central government. The rooftop solar market has witnessed significant momentum and is expected to register robust growth, reaching almost 100 GW. The demand for batteries is also expected to grow significantly. Lithium-ion batteries remain at the forefront of EV and renewable energy storage due to their high energy density, long lifecycle, and decreasing costs.

Our Company operates in the Indian rooftop solar industry, manufacturing and supplying a comprehensive range of solar products including solar panels, inverters and batteries. With a focus on innovation and R&D, our Company has a history of developing various technologies, including its patented rMPPT technology and offers a wide product portfolio of over 522 SKUs under UTL Solar and Fujiyama Solar brands. As of June 30, 2025, our Company currently operates four manufacturing facilities with its distribution network across India with more than 725 distributors, 5,546 dealers and 1,100 exclusive Shoppe franchisees. Some of our listed peers are Waaree Energies Limited, Premier Energies Limited, Exicom Tele-Systems Limited and Insolation Energy Limited.

Peer Comparison:

  • Waaree Energies Ltd
  • Premier Energies Ltd
  • Exicom Tele-Systems Ltd
  • Insolation Energy Ltd

Fujiyama Power Systems Ltd Key Points

Strengths

Diversified portfolio of solar products and solutions which distinguishes us as a well-rounded leader in the rooftop solar industry.

Track record of technological development and product innovation.

Robust distribution network and post-sale service capabilities driving strong brand recognition.

Quality-centric and precision-driven large scale manufacturing infrastructure driving production efficiency.

Experienced Promoters and Senior Management and a committed employee base.

Risk

Its manufacturing facilities are subject to various operational risks. Any disruption in operations or shutdown of the company existing manufacturing facilities or future manufacturing facilities or any other operational problems caused by unforeseen events may reduce sales and adversely affect its business, and results of operations and financial condition.

Geographical concentration of its manufacturing facilities in northern India exposes it to region specific risks that could adversely affect the company business, financial condition, results of operations, and cash flows.

Its ability to grow the company retail sales depends on the success of its relationship with the company distributors, dealers and franchisees and an inability to maintain or further expand its retail network, could negatively affect the company business, cash flows and results of operations.

Strategy

Expand the manufacturing base for solar panels, inverters and batteries and strengthen back-end integration in solar panels.

Further strengthening domestic distribution and retail network and increase export sales.

Address market opportunities with a focus on continuously developing more efficient products and using innovative marketing tools and sales strategies, such as actionable influence.

How To Apply for Fujiyama Power Systems Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Fujiyama Power Systems Ltd IPO?

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Fujiyama Power Systems Ltd's IPO offers shares for up to 0 It begins on Nov 13, 2025 and ends on Nov 17, 2025.

What is the price of the Fujiyama Power Systems Ltd IPO?

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The price of Fujiyama Power Systems Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Fujiyama Power Systems Ltd IPO?

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The Fujiyama Power Systems Ltd IPO opens on Nov 13, 2025 and closes on Nov 17, 2025.

When will the Fujiyama Power Systems Ltd IPO be allotted?

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The allotment for the Fujiyama Power Systems Ltd IPO will be finalised on Nov 18, 2025. The shares will be listed on BSE and NSE on Nov 20, 2025.

What is the minimum lot size required for Fujiyama Power Systems Ltd IPO?

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The minimum lot size for Fujiyama Power Systems Ltd IPO is 0 shares, priced between NA to NA per share.

What is the GMP of Fujiyama Power Systems Ltd IPO?

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The GMP (Grey Market Premium) of Fujiyama Power Systems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Fujiyama Power Systems Ltd IPO?

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To check the allotment status of Fujiyama Power Systems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Fujiyama Power Systems Ltd IPO getting listed?

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The Fujiyama Power Systems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 13, 2025, and closes on Nov 17, 2025. The allotment is finalised on Nov 18, 2025.

How do you apply for the Fujiyama Power Systems Ltd IPO?

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To apply for the Fujiyama Power Systems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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