Fujiyama Power Systems
Mainboard₹14,820 / 65 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 17 Nov 2025,07:00:00 PM |
| QIBs | 5.15 times |
| NII | NII (bids above ₹10L): 0.54 times
NII (bids below ₹10L): 1.57 times
NII Total: 0.88 times |
| Retail | 1.00 times |
| Employee | 1.47 times |
| Total | 2.14 times |
Fujiyama Power Systems IPO Details
The Fujiyama Power Systems IPO price band is set between ₹216-228 per equity share, with a face value of ₹1 per share. The issue is managed by MUFG Intime India Pvt.Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 13 Nov, 2025 and closes on 17 Nov, 2025. Investors can check the allotment status on 18 Nov, 2025, while the listing date is tentatively scheduled for 20 Nov, 2025.
The total issue size is 2,63,15,789 shares, aggregating up to ₹828 crore. Stay tuned for the latest Fujiyama Power Systems IPO review and GMP updates.
Fujiyama Power Systems IPO Review, Rating & Analysis
Fujiyama Power Systems IPO Review
IgnoreFujiyama Power Systems IPO Rating
Fujiyama Power Systems IPO Highlights
IPO Date
Nov 13, 2025 - Nov 17, 2025
Listing Date
20 Nov, 2025
Face Value
₹1 Per Equity Share
Price Band
₹216-228 per equity share
Lot Size
65 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Fujiyama Power Systems IPO Lot Size
The minimum market lot for Fujiyama Power Systems IPO is 65 shares with an application amount of ₹14,820. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| 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 | 4420 | ₹10,07,760 |
Fujiyama Power Systems IPO Timeline
Issue Price
₹216-228 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Pvt.LtdLead Manager
Motilal Oswal Investment Advisors LtdSBI Capital Markets LtdIssue Size
2,63,15,789 shares(aggregating up to ₹828 crore)Fujiyama Power Systems IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Jun-25 | 1243.88 | 597.79 | 67.59 | 464.34 | 436.33 | 432.83 |
| 31-Mar-25 | 1013.96 | 1550.09 | 156.34 | 396.82 | 368.81 | 346.22 |
| 31-Mar-24 | 609.64 | 927.20 | 45.30 | 239.54 | 215.00 | 200.19 |
| 31-Mar-23 | 514.56 | 665.33 | 24.37 | 193.08 | 70.55 | 211.14 |
In Cr.
Fujiyama Power Systems IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 10828947 | 29.82% |
| QIB Shares Offered | 7219298 | 19.88% |
| NII (HNI) Shares Offered | 5414474 | 14.91% |
| bNII > ₹10L | 3609649 | 10% |
| sNII < ₹10L | 1804825 | 5% |
| Retail Shares Offered | 12633772 | 34.79% |
| Employee Shares Offered | 219298 | 0.6% |
| Total Shares Offered | 36315789 | 100% |
Fujiyama Power Systems IPO Documents
Fujiyama Power Systems IPO Valuations
EPS Pre IPO
₹5.58/-EPS Post IPO
₹8.82/-PE Pre IPO
40.85PE Post IPO
25.84ROE
39.4%ROCE
41.01%Debt Equity
0.87RoNW
39.4%PAT Margin
10.15%Price to Book Value
16.09Fujiyama Power Systems Peer Comparison
| Company Name | Revenue | RoNW | PE Ratio | PB Ratio |
|---|---|---|---|---|
| Fujiyama Power | 1540 | 39.4% | 40.7 | N/A |
| Waaree Energies | 14444 | 20.09% | 49.04 | N/A |
| Premier Energies | 6518 | 33.2% | 47.91 | N/A |
| Exicom Tele | 867 | -17.9% | N/A | N/A |
| Insolation Energy Ltd | 1337 | 20.4% | 31.68 | N/A |
Promoters & Share Holding
Promoter(s) Name
- Pawan Kumar Garg
- Yogesh Dua
- Sunil Kumar
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.67% | 87.88% |
About Company
Established in 2017, Fujiyama Power Systems Limited produces products and solutions for the rooftop solar sector, such as on-grid, off-grid, and hybrid solar systems. The company has created a vast product portfolio of more than 500 SKUs, ranging from solar inverters, panels, and batteries, designed to minimize customer dependence on other OEMs.The Company serve customers through a large distribution network of more than 480 distributors, 3,600 dealers, and 1,000 exclusive 'Shoppe' franchisees who are trained to read customer requirements and provide tailor-made solar systems. We also have more than 400 experienced service engineers delivering maintenance and technical support.
The company deals with a broad portfolio of products such as 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 three production units in Greater Noida, Uttar Pradesh, Parwanoo, Himachal Pradesh and Bawal, Haryana.The production systems of the company are certified to ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety).
The products of the company are exported to nations like the USA and various countries in Asia, including Bangladesh and the UAE.
The company had 1,808 full-time employees as of September 30, 2024.
Fujiyama Power Systems IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 72,19,298 | 54,14,474
36,09,649
18,04,825
| 1,26,33,772 | 2,54,86,842 |
Day 113-11-25 05:00 PM | 0.00 x | 0.05
x
0.03 x
0.10 x
| 0.16 x | 0.09 x |
Day 214-11-25 05:00 PM | 0.82 x | 0.11
x
0.06 x
0.21 x
| 0.30 x | 0.41 x |
Day 317-11-25 05:00 PM | 5.15 x | 0.88
x
0.54 x
1.55 x
| 0.98 x | 2.12 x |
Fujiyama Power Systems IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India | ₹ 180.0 Cr |
| Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the Company | ₹ 275.0 Cr |
| General corporate purposes. | - |
Company Contact Details
Fujiyama Power Systems
53A/6, Near NDPL Grid Office, Near Metro Station Sat Guru Ram Singh Marg Delhi, New Delhi, 110015Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: fujiyamapower.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Frequently Asked Questions about Fujiyama Power Systems IPO
When will Fujiyama Power Systems IPO open for subscription?
The Fujiyama Power Systems IPO opens on 13 Nov, 2025 and closes on 17 Nov, 2025.
What is the investors portion for Fujiyama Power Systems IPO?
The investors' portion for QIB is 5.15 x, NII is 0.54 x, and Retail is 0.98 x.
How to apply for Fujiyama Power Systems IPO?
You can apply for Fujiyama Power Systems IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Fujiyama Power Systems IPO?
The issue size of Fujiyama Power Systems IPO is approx ₹2,63,15,789 shares(aggregating up to ₹828 crore) crores.
What is the price band of Fujiyama Power Systems IPO?
The price band for Fujiyama Power Systems IPO is ₹216 to ₹228 per equity share.
What is the lot size of Fujiyama Power Systems IPO?
The minimum bid (lot size) for Fujiyama Power Systems IPO is 65 shares with an investment of approx ₹14,820 .
What is the allotment date of Fujiyama Power Systems IPO?
The allotment date for Fujiyama Power Systems IPO is 18 Nov, 2025.
What is the listing date of Fujiyama Power Systems IPO?
The listing date for Fujiyama Power Systems IPO is expected to be 20 Nov, 2025.
What is the GMP of Fujiyama Power Systems IPO?
The latest Grey Market Premium (GMP) for Fujiyama Power Systems IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.