Fujiyama Power Systems IPO Details
The key details of Fujiyama Power Systems’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹828.00 Cr |
| Price Range | ₹216 - ₹228 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 65 |
| Investment (cut-off price) | ₹14,820 |
| Pre IPO Promotor Holding | 99.67% |
| Post IPO Promotor Holding | 87.88% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Fujiyama Power Systems IPO Timelines
The IPO process for Fujiyama Power Systems includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
13/11/2025
Start Date17/11/2025
End Date19/11/2025
Refund Initiation19/11/2025
Credit of Shares to Demat Ac20/11/2025
Listing DateFujiyama Power Systems IPO Lot Size
The Fujiyama Power Systems IPO has a fixed lot size of 65 shares, at an upper price band of ₹228 per share. For retail investors, the minimum application is 65 shares (1 lot) amounting to ₹14,820, while the maximum is 845 shares (13 lots) worth ₹1,92,660. For Small HNI (S-HNI) investors, the minimum application is 910 shares (14 lots) worth ₹2,07,480, while the maximum is 4,355 shares (67 lots) amounting to ₹9,92,940. Big HNI (B-HNI) investors need to apply for at least 4,420 shares (68 lots), totaling ₹10,07,760.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 65 | ₹14,820 |
| Retail Maximum | 13 | 845 | ₹1,92,660 |
| S-HNI Minimum | 14 | 910 | ₹2,07,480 |
| S-HNI Maximum | 67 | 4355 | ₹9,92,940 |
| B-HNI Minimum | 68 | 4420 | ₹10,07,760 |
Fujiyama Power Systems IPO Subscription Status
The subscription status for Fujiyama Power Systems IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 5.24x | 0.92x | 1.05x | 1.55x | 2.21x |
IPO Performance on Listing Day
On the listing day (November 20, 2025), Fujiyama Power Systems made a cautious debut on the stock exchange. The stock opened at ₹220, slightly below its issue price of ₹228 with a discount of 3.5%. The power systems company showed upward movement during trading, reaching a day high of ₹230.99, but also faced selling pressure that pushed the stock down to a low of ₹205.25 amid volatile trading conditions. The shares concluded their first trading day at ₹208.44, resulting in a decline of 8.6% from the issue price, indicating subdued investor sentiment toward the power equipment sector despite the intraday recovery attempts for this electrical power solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹220.00 | ₹208.44 | ₹230.99 | ₹205.25 |
Fujiyama Power Systems IPO Company Financials
Fujiyama Power Systems reports robust performance in FY2025 with Total Income of ₹1,550.09 crores, managing expenses at ₹1,336.97 crores, and achieving a strong PAT (Profit After Tax) of ₹156.34 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹665.33 | ₹633.85 | ₹24.37 |
| FY 2024 | ₹927.20 | ₹864.60 | ₹45.30 |
| FY 2025 | ₹1,550.09 | ₹1,336.97 | ₹156.34 |
| FY 2026 (3 M) | ₹597.79 | ₹507.85 | ₹67.59 |
About Company
Founded in 2017, Fujiyama Power Systems Limited is a leading manufacturer and solutions provider in the rooftop solar industry, offering on-grid, off-grid, and hybrid solar systems. The company has developed a diverse product portfolio of over 522 SKUs, including solar inverters, panels, and batteries, aimed at reducing customer dependence on other OEMs. With a strong market presence, Fujiyama Power Systems operates through an extensive distribution network of more than 725 distributors, 5,546 dealers, and 1,100 exclusive Shoppe franchisees, all trained to deliver customized solar solutions. Its team of over 602 qualified service engineers ensures high-quality maintenance and technical support for customers.
The company’s wide-ranging product line includes solar PCUs, hybrid inverters, solar panels, PWM and other battery chargers, lithium-ion and tubular batteries, UPS systems, solar management units, and charge controllers. Fujiyama Power Systems operates four manufacturing facilities located in Greater Noida and Dadri in Uttar Pradesh, Parwanoo in Himachal Pradesh, and Bawal in Haryana. All production systems are certified under ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety. The company also exports its products internationally to markets such as the USA, Bangladesh, and the UAE.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2017 | Energy | Pawan Garg |
Know Before Investing
Fujiyama Power Systems IPO Strengths
- The company posted a 67% jump in revenue and a 245% rise in profit after tax from FY24 to FY25, reflecting robust operational momentum and scaling capabilities.
- Fujiyama offers a wide range including solar panels, batteries, chargers, power backup solutions, lithium-ion batteries, and E-rickshaw chargers that serve many market needs.
- Over 60 R&D professionals and nearly 400 engineers drive new product development and technology adoption, ensuring future-ready solutions.
- Fujiyama has an extensive domestic dealer network and exports products to the USA and several Asian countries, diversifying revenue sources.
- Demand for solar products is boosted by renewable energy incentives and ongoing infrastructure investments.
Fujiyama Power Systems IPO Risks
- More than 75% of imported inputs, including materials and machinery, come from China, exposing the company to geopolitical and price volatility risk.
- Absence of forward contracts makes the company vulnerable to raw material price fluctuations and supply chain shocks.
- Major revenue from solar panels, batteries, and chargers means business is vulnerable to shifts in demand for these categories.
- Solar product sales remain sensitive to changes in government policies, subsidies, or regulatory direction.
- All current facilities are in North India, heightening exposure to region-specific disruptions until the new facility ramps up.
Swot Analysis for Fujiyama Power Systems IPO
Strengths
Integrated Manufacturing Network, Strong Distribution Reach, Financial Growth
Weaknesses
Working Capital Intensive, Import Dependency, Manufacturing Cluster Risk
Opportunities
Growth in Rooftop Solar, Renewable Policy Tailwinds, Global Market Entry
Threats
Regulatory Uncertainty, Supply Chain Risks, Sector Fragmentation
Company Details
Fujiyama Power Systems Ltd.
53 A/6, Near NDPL Grid Office, Near Metro Station, Sat Guru Ram Singh Marg, Delhi, New Delhi, 110015
Phone: +91 1141055305
Email: investor@utlsolarfujiyama.com
Website: https://www.utlsolarfujiyama.com/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: fujiyamapower.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Fujiyama Power Systems IPO are:
- Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India
- Repayment and/or prepayment of all or a portion of certain outstanding borrowings availed by Company
- General corporate purposes
Motilal Oswal Investment Advisors Ltd. , SBI Capital Markets Ltd. are the book-running lead managers for the Fujiyama Power Systems IPO.
Fujiyama Power Systems Limited demonstrates strong growth potential supported by revenue rising from ₹506.83 crore in FY22 to ₹1,550.09 crore in FY25 and PAT surging 245%. Expanding solar capacity, export presence, and government-backed renewable energy initiatives position the company for sustained long-term growth and profitability.
The issue price for the Fujiyama Power Systems IPO is set between ₹216 to ₹228 per share.
To invest in one lot of Fujiyama Power Systems IPO, you need ₹14,040 at the lower price band (₹216 per share) or ₹14,820 at the upper price band (₹228 per share) for a lot size of 65 shares.
Fujiyama Power Systems IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 20, 2025.
Refund/unblocking of funds for Fujiyama Power Systems IPO will begin on November 19, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Fujiyama Power Systems IPO shares on listing day (November 20, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.