Fujiyama Power Systems Ltd (MAINBOARD)

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Fujiyama Power Systems

November 13, 2025 – November 17, 2025

Price ₹216 - ₹228
GMP Rumors * ₹0.5
Lot size 65
Issue size ₹828.00 cr
Allotment Nov 18, 2025
Listing Nov 20, 2025

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P/E Ratio

Fujiyama Power Systems Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹220.00 -₹8.00 -3.51%
BSE ₹218.40 -₹9.60 -4.21%

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Shareholding Pattern


Fujiyama Power Systems Subscription

Last updated on 17-Nov-2025 19:12:03

CategoryOfferedAppliedTimes
QIBs7219298378222005.24
HNIs541447449785450.92
 HNIs 10+360964920283250.56
 HNIs 2+180482529502201.63
Retail12633772131868101.04
Employees2192983398851.55
Total25486842563274402.21
Application-Wise Breakup (Approx. no. of Apps)img
CategoryReservedAppliedTimes
HNIs (10L+)39674000.1
HNIs (2-10L)198328731.45
Retail1943661387790.71
Employee-2917-
Total Applications: 144969
© IPO Premium
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIBs164.6862.355.24
FIIs-491.35-
DIIs-40-
Mutual funds-164.6-
Others-166.4-
HNIs123.45113.510.92
HNIs 10+82.346.250.56
HNIs 2+41.1567.271.63
Retail288.05300.661.04
Employees57.751.55
Total581.11284.272.21
QIB Interest Cost per share (7 Days)
@7%
₹1.6
@8%
₹1.8
@9%
₹2.1
@10%
₹2.3
@11%
₹2.5
@12%
₹2.7

Fujiyama Power Systems Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
Retail 1 65 14820 194366
sHNI 14 910 207480 1983
bHNI 68 4420 1007760 3967

Fujiyama Power Systems Reservation

Category Shares Offered %
Anchor 10828947 29.82%
QIB 7219298 19.88%
HNI 5414474 14.91%
Retail 12633772 34.79%
Employee 219298 0.6%
Total 36315789 100%

Fujiyama Power Systems About

IPO Details
Total Issue Size36,315,789 shares (aggregating up to ₹828 Cr)
Fresh Issue26,315,789 shares (aggregating up to ₹600.00 Cr)
Offer For Sale10,000,000 shares (aggregating up to ₹228 Cr)
Face Value₹1/- Per Share
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue280,095,145 shares
Share holding post issue

30,64,10,934 shares

Key Performance Indicators (KPI)
KPIJun-25Mar-25Mar-24Mar-23
ROE14.56%39.40%18.91%12.62%
ROCE14.85%41.01%26.60%16.81%
DEBT/ EQUITY0.930.870.841.09
P/E PRE IPO40.85
P/E POST IPO25.84
Company Financial (In ₹Crore)
Period EndedJun-25Mar-25Mar-24Mar-23
Assets1,243.881,013.96609.64514.56
Total Income597.791,550.09927.2665.33
Profit After Tax67.59156.3445.324.37
EBITDA105.89248.5298.6451.6
NET Worth464.34396.82239.54193.08
Reserves and Surplus436.33368.8121570.55
Total Borrowing432.83346.22200.19211.14

Peer Comparison (Valuation)
CompanyP/E (x)CMP*(₹)Face value (₹)
Fujiyama Power Systems Ltd40.851.00
Waaree Energies49.043332.6510.00
Premier Energies47.911022.801.00
Exicom Tele SystemsNM144.5010.00
Insolation Energy31.68188.501.00
SOURCE:RHP,All financial information for listed peer mentioned above is on a consolidated basis and is sourced from the financial statements (restated/latest) for the fiscal ended March 31, 2025, submitted to Stock Exchange/SEBI.In the above peer comparison table, we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation.

Peer Comparison (Financial Performance)
CompanyNAV/Share (₹)RoNW (%)EPS (Basic) (₹)
Fujiyama Power Systems Ltd14.1739.405.59
Waaree Energies334.0020.0968.24
Premier Energies62.6133.2121.35
Exicom Tele Systems50.80-17.93-9.11
Insolation Energy28.0020.465.95
About Company

Incorporation: 2017

Industry: Rooftop Solar Energy Solutions

Overview:
Fujiyama Power Systems Limited is engaged in the manufacturing and supply of products and solutions in the rooftop solar segment. The company offers on-grid, off-grid, and hybrid solar systems, catering to residential, commercial, and industrial energy needs.

Product Portfolio:
With an extensive range of over 500 SKUs, Fujiyama designs and manufactures key solar products, including:

  • Solar inverters (on-grid, off-grid, and hybrid)
  • Solar panels
  • PWM and other battery chargers
  • Lithium-ion and tubular batteries
  • Solar management units and charge controllers
  • Online and offline UPS systems

This diverse portfolio helps minimize dependence on third-party OEMs.

Distribution & Service Network:
The company operates through a robust distribution ecosystem comprising:

  • 725+ distributors
  • 5,546+ dealers
  • 1,100+ exclusive ‘Shoppe’ franchisees, trained to offer tailored solar solutions

Customer support and after-sales service are strengthened by 602+ qualified service engineers across the country.

Manufacturing Facilities:
Fujiyama has three production units located at:

  1. Greater Noida, Uttar Pradesh
  2. Parwanoo, Himachal Pradesh
  3. Bawal, Haryana

Strength

Diversified Product Range: Comprehensive portfolio of rooftop solar products and EV solutions, making the company a well-rounded leader in the solar industry.

Strong R&D & Innovation: Over 29 years of experience with 65+ R&D experts and 602+ engineers driving continuous technological advancement and product innovation.

Experienced Leadership: Led by promoters with 50+ years of combined experience, supported by a skilled and committed workforce ensuring steady growth.

Weakness

Operational Risks: Any disruption or shutdown at existing or future manufacturing facilities due to unforeseen events may impact production, sales, and overall financial performance.

Geographical Concentration: All manufacturing units are located in northern India, exposing the company to region-specific risks that could affect business continuity and cash flows.

Distribution Network Dependency: The company’s growth depends on its distributors, dealers, and franchisees; failure to maintain or expand this network may adversely affect sales and profitability.

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Fujiyama Power Systems Latest Announcements

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Fujiyama Power Systems Financial Results

Fujiyama Power Systems Address

Fujiyama Power Systems Ltd.
53A/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/

Fujiyama Power Systems Registrar

MUFG Intime India Private Limited - Link Intime
Address:

MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083

Fujiyama Power Systems Reviewers

Reviewer Recommendation File