How to Check Fujiyama Power Systems IPO Allotment Status

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 was founded in 2017. It 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, the company has 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, Bawal, 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.

As of June 30, 2025, Fujiyama Power Systems had total assets of ₹1,243.88 crore.

The Fujiyama Power Systems IPO came with a total issue size of ₹828.00 crore, comprising a fresh issue of ₹600.00 crore and an offer for sale of ₹228.00 crore. The IPO opened on November 13, 2025, and closed on November 17, 2025. The allotment is expected on Tuesday, November 18, 2025. The share price band was set at ₹216 to ₹228 per share.

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Steps to Check Fujiyama Power Systems IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Pvt. Ltd. 
• Select "Fujiyama Power Systems" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Fujiyama Power Systems IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Fujiyama Power Systems" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

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Fujiyama Power Systems IPO Subscription Status

Fujiyama Power Systems IPO received modest investor interest, being subscribed 2.21 times overall. Here is the category-wise breakdown as of 4:59:32 PM on November 17, 2025:

• QIB Category (Ex Anchor): 5.24 times
• Non-Institutional Investors (NII): 0.92 times
• Retail Investors: 1.04 times
• Employees: 1.55 times

Fujiyama Power Systems IPO Share Price and Investment Details

The minimum investment required was ₹14,820 for 1 lot (65 shares). The issue raised ₹246.90 crore from anchor investors and included 2,19,298 shares for employees. Given the subscription of 2.21 times with institutional interest at 5.24 times, NII participation at 0.92 times, and retail subscription at 1.04 times, the share price listing expectations remain modest.

Utilisation of IPO Proceeds

• Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India – ₹180.00 crore
• Repayment and/or prepayment of certain outstanding borrowings availed by the Company – ₹275.00 crore
• General corporate purposes

Business Overview

Fujiyama Power Systems Limited is a one-stop solutions provider in rooftop solar related services. Some of its products have a legacy of around three decades. With its penetration in Tier II, III and rural regions, it is gaining ground as indicated by its financial performances for the last three fiscals. The company has 522 SKUs in its products portfolio.

The company demonstrated strong financial performance with 67% revenue increase and 245% PAT rise between FY24-FY25. It maintains financial metrics with a 39.40% ROE and a debt-equity ratio of 0.87. The company marked growth in its top and bottom lines.

The company benefits from quality-centric and precision-driven large-scale manufacturing infrastructure, robust distribution network, and post-sale service capabilities driving strong brand recognition, technological development, product innovation, and diverse solar products. However, investors should note the post-issue P/E ratio of 25.84 and Price to Book Value of 16.09.