Fujiyama Power Systems IPO
IPO Listing Details
- Listing Date
20 Nov 2025
- Listing Price
₹218.40
- Listing Change
-4.21%
- Last Traded Price
₹204.28
Fujiyama Power Systems IPO Details
-
Open Date
13 Nov 2025
-
Close Date
17 Nov 2025
-
Listing Date
20 Nov 2025
- IPO Price Range
₹ 216 to ₹228
- IPO Size
₹ 828.00 Cr
- Listing Exchange
BSE NSE
Fujiyama Power Systems IPO Timeline
Fujiyama Power Systems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Nov-2025 | 0.00 | 0.05 | 0.16 | 0.09 |
| 14-Nov-2025 | 0.82 | 0.11 | 0.30 | 0.41 |
| 17-Nov-2025 | 5.24 | 0.92 | 1.05 | 2.21 |
Last Updated: 17 November 2025 5:44 PM by 5paisa
Fujiyama Power Systems Limited, launching a ₹828.00 Cr IPO, is a leading manufacturer in the rooftop solar industry, offering on-grid, off-grid, and hybrid systems. With over 522 SKUs, including inverters, panels, and batteries, it minimises reliance on external OEMs. Supported by 725 distributors, 5,546 dealers, 1,100 exclusive Shoppe franchisees, and 602 service engineers, the company operates four ISO-certified facilities across India and exports to countries including the USA, Bangladesh, and the UAE.
Established in: 2017
Managing Director: Pawan Kumar Garg
Yogesh Dua
Peers:
| Metric | Fujiyama Power Systems Limited | Waaree Energies | Premier Energies | Exicom Tele Systems | Insolation Energy |
|---|---|---|---|---|---|
| Revenue from Operations (₹ Cr) | 1540.68 | 14444.50 | 6518.75 | 867.61 | 1333.76 |
| Face Value (₹ per share) | 1 | 10 | 1 | 10 | 1 |
| Closing Price as on October 10, 2025 | [●] | 333.265 | 1022.80 | 144.50 | 188.50 |
| P/E | [●] | 49.04 | 47.91 | NM | 31.68 |
| Market Capitalization to Revenue from Operations | [●] | 6.64 | 7.07 | 2.32 | 3.11 |
| Market Capitalization to Tangible Assets | [●] | 4.98 | 6.85 | 1.62 | 0.49 |
| Enterprise Value to EBITDA | [●] | 32.77 | 25.82 | NM | 24.54 |
| Earnings Per Share (Basic) (₹) | 5.59 | 68.24 | 21.35 | -9.11 | 5.95 |
| Earnings Per Share (Diluted) (₹) | 5.56 | 67.96 | 21.35 | -9.11 | 5.95 |
| Return on Net Worth (RoNW) (%) | 39.40 | 20.09 | 33.21 | -17.93 | 20.46 |
| NAV per Equity Share (₹) | 14.17 | 334.00 | 62.61 | 50.80 | 28.00 |
Fujiyama Power Systems Objectives
• The company will part-finance the Ratlam manufacturing facility (₹180 crore).
• Funds will be used to repay or prepay borrowings (₹275 crore).
• A portion will support general corporate purposes.
Fujiyama Power Systems IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹828.00 Cr |
| Offer For Sale | ₹228.00 Cr |
| Fresh Issue | ₹600.00 Cr |
Fujiyama Power Systems IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 65 | 14,070 |
| Retail (Max) | 13 | 845 | 1,92,660 |
| S-HNI (Min) | 14 | 910 | 1,96,560 |
| S-HNI (MAX) | 67 | 4,355 | 9,92,940 |
| B-HNI (Min) | 68 | 4,420 | 9,54,720 |
Fujiyama Power Systems Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 1,08,28,947 | 1,08,28,947 | 246.900 |
| QIB (Ex Anchor) | 5.24 | 72,19,298 | 3,78,22,200 | 862.346 |
| Non-Institutional Buyers | 0.92 | 54,14,474 | 49,78,545 | 113.511 |
| bNII (bids above ₹10L) | 0.56 | 36,09,649 | 20,28,325 | 46.246 |
| sNII (bids below ₹10L) | 1.63 | 18,04,825 | 29,50,220 | 67.265 |
| Retail Investors | 1.05 | 1,26,33,772 | 1,32,53,565 | 302.181 |
| Employees | 1.55 | 2,19,298 | 3,39,820 | 7.748 |
| Total** | 2.21 | 2,54,86,842 | 5,63,94,130 | 1,285.786 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 664.08 | 924.69 | 1540.68 |
| EBITDA | 51.60 | 98.64 | 248.52 |
| PAT | 24.37 | 45.30 | 156.34 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 348.85 | 438.74 | 668.27 |
| Share Capital | 13.65 | 24.54 | 28.01 |
| Total Liabilities | 242.96 | 287.02 | 451.87 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 77.88 | 85.46 | 18.14 |
| Net Cash Generated From / (used in) investing activities | -132.31 | -44.59 | -118.13 |
| Net Cash Generated From / (used in) financing activities | 5.45 | -36.76 | 10.40 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.08 | 4.10 | 4.01 |
Strengths
• Extensive product portfolio with over 522 SKUs.
• Wide distribution network across India.
• Strong after-sales service with 602 engineers.
• ISO-certified manufacturing ensuring high-quality standards.
Weaknesses
• Heavy dependence on domestic market demand.
• Limited international market penetration currently.
• High operational costs across multiple facilities.
• Reliance on consistent government solar policies.
Opportunities
• Rising demand for renewable energy solutions.
• Expansion potential in untapped global markets.
• Technological advancements in solar energy storage.
• Growing awareness of sustainable energy adoption.
Threats
• Intense competition in the solar industry.
• Fluctuations in raw material and component prices.
• Policy changes impacting renewable energy incentives.
• Rapid technological shifts requiring constant innovation.
• Expanding presence in India’s fast-growing solar market.
• Strong distribution and service network nationwide.
• Robust product portfolio ensuring business diversification.
• Upcoming facility to boost manufacturing efficiency.
Fujiyama Power Systems Limited is well-positioned in India’s rapidly expanding solar energy sector. With strong manufacturing capabilities, an extensive distribution network, and ISO-certified operations, the company is set for scalable growth. The planned Ratlam facility and focus on exports further strengthen its production capacity and global reach, enhancing profitability prospects and long-term value creation for investors in the renewable energy space.
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FAQs
Fujiyama Power Systems IPO opens from November 13, 2025 to November 17, 2025.
The size of Fujiyama Power Systems IPO is ₹828.00 Cr.
The price band of Fujiyama Power Systems IPO is fixed at ₹216 to ₹228 per share.
To apply for Fujiyama Power Systems IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Fujiyama Power Systems. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Fujiyama Power Systems IPO is of 65 shares and the investment required is ₹14,040.
The share allotment date of Fujiyama Power Systems IPO is November 18, 2025
The Fujiyama Power Systems IPO will likely be listed on November 20, 2025.
Motilal Oswal Investment Advisors Ltd is the book running lead managers for Fujiyama Power Systems IPO.
Fujiyama Power Systems IPO plans to utilise the raised capital from the IPO for:
• The company will part-finance the Ratlam manufacturing facility (₹180 crore).
• Funds will be used to repay or prepay borrowings (₹275 crore).
• A portion will support general corporate purposes.