Fujiyama Power Limited Link 
Allotment
Founded in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy segment, manufacturing products and providing solutions across on-grid, off-grid, and hybrid solar systems. The company has developed a broad product portfolio comprising over 522 SKUs, including solar inverters, panels, and batteries, helping customers reduce dependence on third-party OEMs.
Fujiyama Power Systems reaches its customers through a strong and widespread distribution network, consisting of over 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees. These franchisees are trained to assess customer requirements and deliver customised solar solutions. In addition, the company is supported by 602+ qualified service engineers who provide installation, maintenance, and technical support.
The product portfolio includes solar PCUs, off-grid, on-grid, and hybrid inverters, solar panels, PWM chargers, battery chargers, lithium-ion and tubular batteries, online and offline UPS systems, solar management units, and charge controllers.
The company operates four manufacturing facilities located in Greater Noida (Uttar Pradesh), Parwanoo (Himachal Pradesh), Bawal (Haryana), and Dadri (Uttar Pradesh). Its production facilities are certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety) standards.
Fujiyama Power Systems also has an international presence, exporting its products to markets such as the United States and several Asian countries, including Bangladesh and the UAE.
Competitive Strengths :
* Quality-focused and precision-driven large-scale manufacturing infrastructure supporting efficient production
* Strong distribution network and robust post-sales service capabilities driving brand recognition
* Proven track record in technological advancement and product innovation
* Wide range of solar products positioning the company as a leader in the rooftop solar segment
* Experienced promoters, senior management team, and a dedicated workforce
₹228
0%
Open
₹228
HIgh - Low
₹228
Previous Close
₹228
Total Traded Value
0
52 Weeks High
₹228
52 Weeks Low
₹228
Updates On
Nov 10, 2025
IPO. Open
Nov 13, 2026
IPO. Close
Nov 17, 2026
IPO. Price
₹228.00
IPO Market price
₹6,986.17 Cr
IPO Details
| IPO Date | 20 Nov |
| IPO Listing Date | 20 Nov |
| IPO Face Value | ₹1.00 per share |
| IPO Price Range | ₹228.00 |
| IPO Issue Size | 3,63,15,789 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 28,00,95,145 shares |
IPO Timeline
| IPO Open Date | 13 Nov |
| IPO Close Date | 17 Nov |
| IPO Allotment (Tentative) | 18 Nov |
| Refunds | 19 Nov |
| Credit to Demat Account | 19 Nov |
| IPO Listing Date | 20 Nov |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 73,42,591 |
| NII (HNI) Shares Offered | 56,31,945 |
| Retail Shares Offered | 1,31,41,204 |
IPO Lot Size
Investors can bid for a minimum of 65 shares, with additional shares in multiples of 65.
| Application | Lots | Share | 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 | 4,355 | ₹9,92,940 |
| B-HNI (Min) | 68 | 4,420 | ₹10,07,760 |
Founded in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy segment, manufacturing products and providing solutions across on-grid, off-grid, and hybrid solar systems. The company has developed a broad product portfolio comprising over 522 SKUs, including solar inverters, panels, and batteries, helping customers reduce dependence on third-party OEMs.
Fujiyama Power Systems reaches its customers through a strong and widespread distribution network, consisting of over 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees. These franchisees are trained to assess customer requirements and deliver customised solar solutions. In addition, the company is supported by 602+ qualified service engineers who provide installation, maintenance, and technical support.
The product portfolio includes solar PCUs, off-grid, on-grid, and hybrid inverters, solar panels, PWM chargers, battery chargers, lithium-ion and tubular batteries, online and offline UPS systems, solar management units, and charge controllers.
The company operates four manufacturing facilities located in Greater Noida (Uttar Pradesh), Parwanoo (Himachal Pradesh), Bawal (Haryana), and Dadri (Uttar Pradesh). Its production facilities are certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety) standards.
Fujiyama Power Systems also has an international presence, exporting its products to markets such as the United States and several Asian countries, including Bangladesh and the UAE.
Competitive Strengths :
* Quality-focused and precision-driven large-scale manufacturing infrastructure supporting efficient production
* Strong distribution network and robust post-sales service capabilities driving brand recognition
* Proven track record in technological advancement and product innovation
* Wide range of solar products positioning the company as a leader in the rooftop solar segment
* Experienced promoters, senior management team, and a dedicated workforce
Company Financials (Consolidated)
| Assets | 1,243.88 | 1,013.96 | 609.64 |
| Total Income | 597.79 | 1,550.09 | 927.2 |
| Profit After Tax | 67.59 | 156.34 | 45.3 |
| EBITDA | 105.89 | 248.52 | 98.64 |
| NET Worth | 464.34 | 396.82 | 239.54 |
| Reserves and Surplus | 436.33 | 368.81 | 215 |
| Total Borrowing | 432.83 | 346.22 | 200.19 |
Key Performance Indicator (KPI)
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 112.32 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: fujiyamapower.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
The Fujiyama Power Systems IPO opened on November 13, 2025, closed on November 17, 2025, with allotment finalized on November 18 and listing on November 20, 2025.
The IPO was priced at ₹228 per share. Retail investors were required to apply for a minimum of one lot of 65 shares, amounting to an investment of ₹14,820.
The IPO size was approximately ₹828 crore, comprising a fresh issue of ₹600 crore along with an offer for sale of up to 1 crore equity shares.
4. How has Fujiyama Power Systems per
The company reported strong growth, with revenue increasing to ₹1,550.09 crore in FY2025 and profit after tax rising sharply to ₹156.34 crore from ₹45.30 crore in FY2024.
Supported by strong profitability, high ROE, expanding manufacturing capacity, and leadership in rooftop solar solutions, the IPO appeared suitable for long-term investors with growth-oriented objectives.
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