Fujiyama Power Systems IPO
Fujiyama Power Systems IPO
Overview
Fujiyama Power Systems IPO is a book build issue of ₹828.00 crores. The issue is a combination of fresh issue of 2.63 crore shares aggregating to ₹600.00 crores and offer for sale of 1.00 crore shares aggregating to ₹228.00 crores. Fujiyama Power Systems IPO opens for subscription on Nov 13, 2025 and closes on Nov 17, 2025. The allotment for the Fujiyama Power Systems IPO is expected to be finalized on Nov 18, 2025. Fujiyama Power Systems IPO will list on BSE, NSE with a tentative listing date fixed as Nov 20, 2025. Fujiyama Power Systems IPO price band is set at ₹216.00 to ₹228.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,820 (65 shares) (based on upper price). The lot size investment for sNII is 14 lots (910 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (4,420 shares), amounting to ₹10,07,760. Motilal Oswal Investment Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
3,63,15,789
Issue Size
₹828.00 Cr
Price Band
₹216 – ₹228
Lot Size
65 shares
Min. Investment
₹14,820
Max. Investment
₹1,92,660
Open Date
13 Nov, 2025
Close Date
17 Nov, 2025
Allotment
18 Nov, 2025
Listing
20 Nov, 2025
Max. Investment
₹1,92,660
Announced
13 Nov, 2025
Opening Date
13 Nov, 2025
Closing Date
17 Nov, 2025
Basis of Allotment
18 Nov, 2025
Initiation of Refunds
19 Nov, 2025
Credit of Shares
19 Nov, 2025
Listing Date
20 Nov, 2025
Live GMP
Est. Listing: ₹456
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About Fujiyama Power Systems IPO
Founded in 2017, 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 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”
Fujiyama Power Systems IPO Share Price
Issue Breakdown
Shareholding
Dilution: 9.4% increase in shares
Fujiyama Power Systems IPO Financial Health
Fujiyama Power Systems Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 245% between the financial year ending with March 31, 2025 and March 31, 2024.
Fujiyama Power Systems IPO Lot Size
Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,820 |
| Retail (Max) | 13 | 845 | ₹1,92,660 |
| S-HNI (Min) | 14 | 910 | ₹2,07,480 |
| S-HNI (Max) | 67 | 4355 | ₹9,92,940 |
| B-HNI (Min) | 68 | 4421 | ₹10,07,988 |
(All values in CR)
Fujiyama Power Systems IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 39.40 |
| ROCE | 41.01 |
| Debt/Equity | 0.87 |
| RoNW | 39.40 |
| PAT Margin | 10.15 |
| EBITDA Margin | 16.13 |
| Price to Book Value | 16.09 |
| Market Capitalization | 6,986.17 |
(All values in CR)
Fujiyama Power Systems IPO Strength & Risk
Fujiyama Power Systems IPO Strength:
- Strong revenue and profit growth showing improving operational efficiency.
- Well-established brand in the rooftop solar and clean-energy space.
- Diverse product portfolio including solar panels, inverters, batteries, and hybrid systems.
- Wide distribution network with pan-India reach through dealers, distributors, and service centers.
- Strong manufacturing base with plans for capacity expansion and technology upgrades.
- Focus on debt reduction through IPO proceeds to strengthen financial position.
- Positioned in a growing renewable energy sector supported by government initiatives.
Fujiyama Power Systems IPO Risk:
- High dependence on imported raw materials and external suppliers.
- Vulnerable to supply-chain disruptions and currency fluctuations.
- Revenue concentration in limited product categories like panels and batteries.
- Execution challenges related to new manufacturing projects and capacity expansion.
- Intense competition in the solar products market leading to margin pressure.
- Exposure to regulatory and policy changes in the solar energy sector.
- Listing performance may depend on market sentiment and valuation perception.
Fujiyama Power Systems IPO Subscriptions Status
Fujiyama Power Systems IPO subscribed 0.41 times. The public issue subscribed 0.30 times in the retail category, 0.82 times in QIB (Ex Anchor), and 0.11 times in the NII category by November 14, 2025 6:54:41 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 1,08,28,947 | 1,08,28,947 | 246.9 |
| QIB (Ex Anchor) | 0.82 | 72,19,298 | 59,54,390 | 135.76 |
| Non-Institutional Buyers | 0.11 | 54,14,474 | 5,89,485 | 13.44 |
| bNII (bids above ₹10L) | 0.06 | 36,09,649 | 2,10,730 | 4.805 |
| sNII (bids below ₹10L) | 0.21 | 18,04,825 | 3,78,755 | 8.636 |
| Retail | 0.30 | 1,26,33,772 | 38,31,165 | 87.351 |
| Employees | 0.66 | 2,19,298 | 1,45,210 | 3.311 |
| Total | 0.41 | 2,54,86,842 | 1,05,20,250 | 239.862 |
Fujiyama Power Systems IPO GMP
Fujiyama Power Systems IPO last GMP is ₹0, last updated Nov 15th 2025 05:28 PM. With the price band of 228.00, Fujiyama Power Systems IPO's estimated listing price is ₹228 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 14 Nov, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 14 Nov, 2025 | 228 | ₹228▲ | - | ₹228 (0.00%) | - | 14 Nov, 2025 |
| 13 Nov, 2025 | 228 | ₹0 | - | ₹228 (0.00%) | - | 13 Nov, 2025 |
| 12 Nov, 2025 | 228 | ₹0 | - | ₹228 (0.00%) | - | 12 Nov, 2025 |
| 11 Nov, 2025 | 228 | ₹0 | - | ₹228 (0.00%) | - | 11 Nov, 2025 |
| 10 Nov, 2025 | 228 | ₹0 | - | ₹228 (0.00%) | - | 10 Nov, 2025 |
| 09 Nov, 2025 | 0 | ₹0 | - | - | - | 09 Nov, 2025 |
| 08 Nov, 2025 | 0 | ₹0 | - | - | - | 08 Nov, 2025 |
| 07 Nov, 2025 | 0 | ₹0 | - | - | - | 07 Nov, 2025 |
| 15 Nov, 2025 | 228 | ₹0 | - | ₹228 (0.00%) | - | 15 Nov, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Fujiyama Power Systems IPO
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Find Fujiyama Power Systems IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.