Fujiyama Power Systems IPO Will Open On Nov 13, 2025 and Close On Nov 17, 2025.The ₹828.00 Cr. IPO Is A Book Build Issue, Consisting Entirely of offer for Sale. Fujiyama Power Systems IPO Price Band Is Set At ₹216 to ₹228 Per Share.
The Allotment will Be Finalized On Nov 18, 2025 and Listing date is Expected on The NSE BSE By Nov 20, 2025. Investor Quota like 50% QIB, 35% Retail, and 15% HNI Category.
Financial Year 2025 Company Posted a Total income 1,550.09 Cr. and A Net Profit of ₹156.34 Cr. Showing Strong Growth From The Previous Year. Based On Financial, The IPO Looks Promising For Long-term Investors.
Fujiyama Power Systems IPO Dates & Price Band Details
| Open Date | Nov 13, 2025 |
|---|---|
| Close Date | Nov 17, 2025 |
| Price Band | ₹216 to ₹228 per share |
| Face Value | ₹1 per equity share |
| Lot Size | 65 Shares |
| Type of Issue | Fresh Issue and OFS |
| Total Issue Size | 3,63,15,789 shares (Approx ₹828.00 Cr) |
| Fresh Issue | 2,63,15,789 shares (Approx ₹600.00 Cr) |
| Offer for Sale | 1,00,00,000 shares (Approx ₹228.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing Exchange | BSE & NSE |
| Retail Investor Quota | 35.00% |
| QIB Quota | 50.00% |
| NII (HNI) Quota | 15.00% |
| Anchor Investor List | Click Here |
| DRHP (Draft Prospectus) | Click Here |
| RHP (Final Prospectus) | Click Here |
About Fujiyama Power Systems Limited
Our Company was originally incorporated on November 29, 2017 as ‘Fujiyama Power Systems Limited’ Our Company is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems.
Our Company strives to excel in solar panel manufacturing, solar inverter manufacturing (covering on-grid, hybrid, and off-grid solutions), and both lead acid and lithium-ion battery production.
We have built a brand recall and reputation in the industry through our brands ‘UTL Solar‘, which has a legacy of 29 years, and ‘Fujiyama Solar’.
We have designed and developed an extensive product portfolio of more than 522 SKUs which includes a full range of solar inverters, solar panels and batteries, with a goal of limiting the need of our customers to look to other OEMs.
we service our customers through an extensive pan-India distribution network of 725 distributors, 5,546 dealers and 1,100 exclusive Shoppe franchisees, we also have a dedicated team of more than 602 qualified service engineers providing maintenance service and technical support to our customers.
Our Competitive Strengths
- Diversified portfolio of solar products and solutions which distinguishes our Company as a well-rounded leader in the rooftop solar industry.
- Track record of technological development and product innovation.
- Robust distribution network, and post-sale service capabilities driving strong brand recognition.
- Quality-centric and precision-driven large scale manufacturing infrastructure driving production efficiency.
- Experienced Promoters and Senior Management and a committed employee base.
- Robust financial performance and growth.
Fujiyama Power Systems IPO Market Lot Size
The Minimum Lot Size For The Fujiyama Power Systems IPO is 65 Shares, Requiring An Application Amount of ₹14,820 For Retail Investors. Investors Must Apply in Multiples of The Lot Size.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 65 | ₹14,820 |
| Retail Maximum | 13 | 845 | ₹1,92,660 |
| S-HNI Minimum | 14 | 910 | ₹2,07,480 |
| S-HNI Maxmum | 67 | 4,355 | ₹9,92,940 |
| B-HNI Minimum | 68 | 4,420 | ₹10,07,760 |
Fujiyama Power Systems IPO Allotment & Listing Dates
Fujiyama Power Systems IPO Will Open on Nov 13, and Close on Nov 17, 2025. The allotment is Expected on Nov 18, With the Listing Scheduled on NSE BSE For Nov 20, 2025 (More information below table).
| Anchor Investor Bidding | Wed, Nov 12, 2025 |
|---|---|
| IPO Open | Thu, Nov 13, 2025 |
| IPO Close | Mon, Nov 17, 2025 |
| Allotment Finalisation | Tue, Nov 18, 2025 |
| Refunds / Unblocking | Wed, Nov 19, 2025 |
| Shares Credited to Demat | Wed, Nov 19, 2025 |
| Listing Date | Thu, Nov 20, 2025 |
Fujiyama Power Systems IPO Financial Report (FY 2025)
Fujiyama Power Systems Reported a Total Income of ₹1,550.09 Cr. in FY 2025, Slightly up From ₹927.20 Cr. in FY 2024. The Company Net Profit Also Rose to ₹156.34 Cr. From ₹45.30 Cr. in the Previous Year Showing Consistent Financial Growth Ahead of its IPO. (More information below table).
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,243.88 | 1,013.96 | 609.64 | 514.56 |
| Total Income | 597.79 | 1,550.09 | 927.20 | 665.33 |
| Profit After Tax | 67.59 | 156.34 | 45.30 | 24.37 |
| EBITDA | 105.89 | 248.52 | 98.64 | 51.60 |
| NET Worth | 464.34 | 396.82 | 239.54 | 193.08 |
| Reserves and Surplus | 436.33 | 368.81 | 215.00 | 70.55 |
| Total Borrowing | 432.83 | 346.22 | 200.19 | 211.14 |
| Amount in ₹ Crore |
Fujiyama Power Systems IPO Valuation Report – FY 2025 (KPI)
Check Detailed Fujiyama Power Systems IPO Valuation Metrics for FY 2025, including EPS, P/E Ratio, RoNW, NAV, ROCE, and other key financial indicators. These Ratios help Investors Assess the Company financial Health & Valuation Before applying for The IPO. (More information below table).
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 39.40% |
| Return on Capital Employed (ROCE) | 41.01% |
| EBITDA Margin | 16.13% |
| PAT Margin | 10.15% |
| Debt-to-Equity Ratio | 0.87 |
| Earnings Per Share (EPS) | 5.58 |
| Price to Earnings Ratio (P/E) | 40.85 |
| Return on Net Worth (RoNW) | 39.40% |
| Net Asset Value (NAV) | 14.17 |
Our Company Promoters
- Pawan Kumar Garg
- Yogesh Dua
- Sunil Kumar
Fujiyama Power Systems Comparison With Industry Peers
Name of Company
Face Value per equity share (₹)
P/E
EPS
RONW (%)
NAV per equity share (₹)
Revenue from Operation (₹ in millions)
Fujiyama Power Systems
₹1
40.85
5.58
39.40%
14.17
15,406.77
Waaree Energies
₹10
49.04
68.24
20.09%
334.00
1,44,445.00
Premier Energies
₹1
47.91
21.35
33.21%
62.61
65,187.45
Exicom Tele Systems
₹10
NM
(9.11)
(17.93%)
50.80
8,676.06
Insolation Energy
₹1
31.68
5.95
20.46%
28.00
13,337.60
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Fujiyama Power Systems Company Contact Details
Fujiyama Power Systems Ltd.
53A/6, Near NDPL Grid Office,Near Metro Station
Sat Guru Ram Singh Marg Delhi, New Delhi, 110015
Tel No: +91 1141055305
Email: investor@utlsolarfujiyama.com
Website: https://www.utlsolarfujiyama.com/
Fujiyama Power Systems Lead Manager
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road
Opposite Parel ST Depot Prabhadevi,
Mumbai – 400025 Maharashtra, India
Tel: +91 22 7193 4380
E-mail: fujiyama.ipo@motilaloswal.com
Website: www.motilaloswalgroup.com
Fujiyama Power Systems IPO Registrar
MUFG INTIME INDIA PRIVATE LIMITED
(Formerly known as Link Intime India Private Limited)
C-101, 247 Park, L. B. S. Marg, Vikhroli,
(West), Mumbai – 400 083, Maharashtra, India
Tel. No.: +91 810 811 4949
Website: www.linkintime.co.in
Fujiyama Power Systems IPO FAQs
Question 1: What is the Fujiyama Power Systems IPO?
Answer 1: Fujiyama Power Systems IPO is a Mainboard IPO of 3,63,15,789 equity shares of the face value of ₹1 approximately up to ₹828.00 Cr. The issue is price at ₹216 to ₹228 per share.
The Fujiyama Power Systems IPO opens on 13, Nov 2025 and closes on 17, Nov 2025.
MUFG INTIME INDIA PRIVATE LIMITED is the registrar for the IPO. The shares to be listed on NSE BSE.
Question 2: How to apply in Fujiyama Power Systems IPO through Groww?
Answer 2: Groww customers can apply online in Fujiyama Power Systems IPO using UPI as a payment gateway. Groww customers can apply in Fujiyama Power Systems IPO by login into Groww (back office) and submitting an IPO application form.
Steps to apply in Fujiyama Power Systems IPO through Groww –
- Visit the Groww website and login to Groww.
- Go to Main Page and click the Products & tools and click IPO tab.
- New page Open and Show ‘ Fujiyama Power Systems IPO’ click the ‘Apply’ button.
- Show IPO detail Shares lot Size and Bid Price & click here to Cutoff Price check Box and Continue.
- Inter Your UPI id like . 95****299@kotak accept terms and condition click Box and Apply For IPO
- groww share payment link Your UPI Mobile Number Pay Payment for IPO Bid to approve the e-mandate successfully submit application .
Question 3: When Fujiyama Power Systems IPO will open?
Answer 3: The Fujiyama Power Systems IPO opens on 13, Nov 2025 and closes on 17, Nov 2025.
Question 4: What is the lot size of Fujiyama Power Systems IPO?
Answer 4: Fujiyama Power Systems IPO lot size and the minimum order quantity is 65 Shares.
Question 5: How to apply for Fujiyama Power Systems IPO?
Answer 5: You can apply in Fujiyama Power Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Groww, Zerodha, Upstox, 5Paisa, Phonepe Share Market, HDFC Bank, and Angel one.
Question 6: When is Fujiyama Power Systems IPO allotment date?
Answer 6: The Basis of Allotment for Fujiyama Power Systems IPO will be on Tue, Oct 18, 2025, and the allotted shares will be credited to your demat account by, Wed, Oct 19, 2025. For Check the Fujiyama Power Systems IPO allotment status.
Question 7: When is Fujiyama Power Systems IPO listing date?
Answer 7: The Fujiyama Power Systems IPO listing date is Nov 20, 2025. The date of Fujiyama Power Systems IPO listing on Thu, Nov 20, 2025.

























