{"id":17289,"date":"2025-11-13T11:18:12","date_gmt":"2025-11-13T05:48:12","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17289"},"modified":"2025-11-13T11:18:12","modified_gmt":"2025-11-13T05:48:12","slug":"fujiyama-power-systems-ipo-opens-smifs-subscribe","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/fujiyama-power-systems-ipo-opens-smifs-subscribe\/","title":{"rendered":"Fujiyama Power Systems IPO Opens: Key Details, GMP, and Brokerage Views"},"content":{"rendered":"<p data-start=\"344\" data-end=\"556\">Fujiyama Power Systems Ltd, a provider of rooftop solar solutions, opened its \u20b9828-crore initial public offering (IPO) for subscription on Thursday, November 13, which will close on November 17.<\/p>\n<p data-start=\"558\" data-end=\"865\">Ahead of the IPO, the company raised \u20b9247 crore from anchor investors, with participation from 15 entities including Nippon India MF, Tata MF, BNP Paribas, ValueQuest Investment Advisors, Societe Generale, LC Pharos Multi Strategy Fund, Astorne Capital, and Citigroup Global Markets Mauritius.<\/p>\n<p data-start=\"867\" data-end=\"1062\">In a pre-IPO funding round, Fujiyama Power Systems raised \u20b975 crore from VQ FasterCap Fund II and ValueQuest India G.I.F.T. Fund, where the promoters sold around 1.2% stake.<\/p>\n<h2 data-start=\"1069\" data-end=\"1103\">IPO Structure and Price Band<\/h2>\n<p data-start=\"1105\" data-end=\"1281\">The IPO comprises a fresh issue of shares worth \u20b9600 crore and an offer for sale (OFS) of 10 lakh shares, valued at \u20b9228 crore at the upper end of the price band.<\/p>\n<p data-start=\"1283\" data-end=\"1423\">The price band has been set at \u20b9216\u2013\u20b9228 per share, and investors can bid for a minimum of 65 shares and in multiples thereof.<\/p>\n<p data-start=\"1283\" data-end=\"1423\"><em><strong>Also Read<\/strong>: <a href=\"https:\/\/www.niftytrader.in\/content\/adani-enterprises-share-price-jumps-on-rs24930-crore-rights-issue\/\">Adani Enterprises Shares Jump Over 6% on Mega \u20b924,930-Crore Rights Issue<\/a><\/em><\/p>\n<h2 data-start=\"1430\" data-end=\"1456\">Utilisation of Funds<\/h2>\n<p data-start=\"1458\" data-end=\"1518\">Proceeds from the fresh issue will be used as follows:<\/p>\n<ul data-start=\"1519\" data-end=\"1730\">\n<li data-start=\"1519\" data-end=\"1614\">\n<p data-start=\"1521\" data-end=\"1614\">\u20b9180 crore for establishing a new manufacturing facility in Ratlam, Madhya Pradesh.<\/p>\n<\/li>\n<li data-start=\"1615\" data-end=\"1657\">\n<p data-start=\"1617\" data-end=\"1657\">\u20b9275 crore for debt repayment.<\/p>\n<\/li>\n<li data-start=\"1658\" data-end=\"1730\">\n<p data-start=\"1660\" data-end=\"1730\">The remaining funds will be used for general corporate purposes.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"1737\" data-end=\"1759\">Company Overview<\/h2>\n<p data-start=\"1761\" data-end=\"1996\">Based in Greater Noida, Fujiyama Power Systems manufactures and provides on-grid, off-grid, and hybrid solar systems. The company operates under the brands \u2018UTL Solar\u2019, with a 28-year legacy, and \u2018Fujiyama Solar\u2019.<\/p>\n<p data-start=\"1998\" data-end=\"2141\">It has three manufacturing facilities in India and dedicated R&amp;D capabilities, focusing on technology development and innovation.<\/p>\n<h2 data-start=\"2148\" data-end=\"2175\">Financial Performance<\/h2>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"group _tableWrapper_1rjym_13 flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"2177\" data-end=\"2400\">\n<thead data-start=\"2177\" data-end=\"2238\">\n<tr data-start=\"2177\" data-end=\"2238\">\n<th data-start=\"2177\" data-end=\"2191\" data-col-size=\"sm\">Fiscal Year<\/th>\n<th data-start=\"2191\" data-end=\"2208\" data-col-size=\"sm\">Revenue (\u20b9 Cr)<\/th>\n<th data-start=\"2208\" data-end=\"2224\" data-col-size=\"sm\">EBITDA Margin<\/th>\n<th data-start=\"2224\" data-end=\"2238\" data-col-size=\"sm\">PAT (\u20b9 Cr)<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"2304\" data-end=\"2400\">\n<tr data-start=\"2304\" data-end=\"2333\">\n<td data-start=\"2304\" data-end=\"2311\" data-col-size=\"sm\">FY23<\/td>\n<td data-col-size=\"sm\" data-start=\"2311\" data-end=\"2317\">664<\/td>\n<td data-col-size=\"sm\" data-start=\"2317\" data-end=\"2324\">7.8%<\/td>\n<td data-col-size=\"sm\" data-start=\"2324\" data-end=\"2333\">24.37<\/td>\n<\/tr>\n<tr data-start=\"2334\" data-end=\"2366\">\n<td data-start=\"2334\" data-end=\"2341\" data-col-size=\"sm\">FY24<\/td>\n<td data-col-size=\"sm\" data-start=\"2341\" data-end=\"2349\">924.7<\/td>\n<td data-col-size=\"sm\" data-start=\"2349\" data-end=\"2357\">10.7%<\/td>\n<td data-col-size=\"sm\" data-start=\"2357\" data-end=\"2366\">45.31<\/td>\n<\/tr>\n<tr data-start=\"2367\" data-end=\"2400\">\n<td data-start=\"2367\" data-end=\"2374\" data-col-size=\"sm\">FY25<\/td>\n<td data-col-size=\"sm\" data-start=\"2374\" data-end=\"2382\">1,541<\/td>\n<td data-col-size=\"sm\" data-start=\"2382\" data-end=\"2390\">16.2%<\/td>\n<td data-col-size=\"sm\" data-start=\"2390\" data-end=\"2400\">156.41<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"2402\" data-end=\"2612\">The company\u2019s revenue surged 132% in two years, from \u20b9664 crore in FY23 to \u20b91,540.67 crore in FY25. Net profit also rose sixfold, from \u20b924.36 crore to \u20b9156.33 crore during the same period.<\/p>\n<h2 data-start=\"2619\" data-end=\"2641\">Brokerage Review<\/h2>\n<p data-start=\"2643\" data-end=\"2914\">Brokerage firm SMIFS recommended a \u2018Subscribe\u2019 rating for long-term investors, citing the upcoming Ratlam facility, Dadri expansion, and improved capacity utilisation as major growth drivers. The firm expects revenues to double within 3\u20134 years.<\/p>\n<h2 data-start=\"2921\" data-end=\"2952\">Listing and Lead Managers<\/h2>\n<p data-start=\"2954\" data-end=\"3075\">Motilal Oswal Investment Advisors and SBI Capital Markets are the book-running lead managers for the issue.<\/p>\n<p data-start=\"3077\" data-end=\"3213\">The IPO allotment is expected on November 18, and the listing on BSE and NSE is tentatively scheduled for November 20.<\/p>\n<h3 data-start=\"3220\" data-end=\"3240\">Key Highlights<\/h3>\n<ul data-start=\"3242\" data-end=\"3556\">\n<li data-start=\"3242\" data-end=\"3270\">\n<p data-start=\"3244\" data-end=\"3270\">IPO Size: \u20b9828 crore<\/p>\n<\/li>\n<li data-start=\"3271\" data-end=\"3310\">\n<p data-start=\"3273\" data-end=\"3310\">Price Band: \u20b9216\u2013\u20b9228 per share<\/p>\n<\/li>\n<li data-start=\"3311\" data-end=\"3355\">\n<p data-start=\"3313\" data-end=\"3355\">Anchor Investment: \u20b9247 crore raised<\/p>\n<\/li>\n<li data-start=\"3356\" data-end=\"3409\">\n<p data-start=\"3358\" data-end=\"3409\">Fresh Issue: \u20b9600 crore | OFS: \u20b9228 crore<\/p>\n<\/li>\n<li data-start=\"3410\" data-end=\"3469\">\n<p data-start=\"3412\" data-end=\"3469\">FY25 Revenue: \u20b91,541 crore | PAT: \u20b9156.41 crore<\/p>\n<\/li>\n<li data-start=\"3470\" data-end=\"3522\">\n<p data-start=\"3472\" data-end=\"3522\">SMIFS View: <em data-start=\"3488\" data-end=\"3520\">Subscribe for long-term growth<\/em><\/p>\n<\/li>\n<li data-start=\"3523\" data-end=\"3556\">\n<p data-start=\"3525\" data-end=\"3556\">Listing Date: November 20<\/p>\n<\/li>\n<\/ul>\n<p><em><strong>Click here to explore:<\/strong> <a href=\"https:\/\/www.niftytrader.in\/ipo\/fujiyama-power-systems-ipo\">Fujiyama Power Systems IPO<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fujiyama Power Systems Ltd, a provider of rooftop solar solutions, opened its \u20b9828-crore initial public offering (IPO) for subscription on Thursday, November 13, which will close on November 17. Ahead of the IPO, the company raised \u20b9247 crore from anchor investors, with participation from 15 entities including Nippon India MF, Tata MF, BNP Paribas, ValueQuest [&hellip;]<\/p>\n","protected":false},"author":2,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-17289","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17289"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17289\/revisions"}],"predecessor-version":[{"id":17291,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17289\/revisions\/17291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17290"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17289"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}