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Fujiyama Power Systems IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Nov 13 to Nov 17 2025
Price Band ₹216 - 228
Current GMP ₹220 (-3.51%)
Subscription 2.21 times

IPO Details

IPO Date
November 13, 2025 to November 17, 2025
Listing Date
November 20, 2025
Face Value
₹1 per share
Issue Price Band
₹216 to ₹228 per share
Issue Price Final
₹228 per share
Lot Size
65 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
3,63,15,789 shares (aggregating up to ₹828.00 Cr)
Fresh Issue
2,63,15,789 shares (aggregating up to ₹600.00 Cr)
Offer for Sale
1,00,00,000 shares of ₹1 (aggregating up to ₹228.00 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
28,00,95,145 shares
Share Holding Post Issue
30,64,10,934 shares

IPO Subscription Details

Anchor Investors
1
QIB (Ex Anchor)
5.24
Non-Institutional Buyers
0.92
bNII (bids above ₹10L)
0.56
sNII (bids below ₹10L)
1.63
Retail Investors
1.05
Employees
1.55
Total **
2.21

Day Wise Sub

DayDay 1 Nov 13, 2025
QIB (Ex Anchor)0.00
NII0.05
NII (> ₹10L)0.03
NII (< ₹10L)0.10
Retail0.16
EMP0.21
Total0.09
DayDay 2 Nov 14, 2025
QIB (Ex Anchor)0.82
NII0.11
NII (> ₹10L)0.06
NII (< ₹10L)0.21
Retail0.30
EMP0.66
Total0.41
DayDay 3 Nov 17, 2025
QIB (Ex Anchor)5.24
NII0.92
NII (> ₹10L)0.56
NII (< ₹10L)1.63
Retail1.05
EMP1.55
Total2.21

Day Wise GMP

Date20-11-2025
Price228.00
GMP0.5(0.22%)
Estimate List Price228.5
Date19-11-2025
Price228.00
GMP0.5(0.22%)
Estimate List Price228.5
Date18-11-2025
Price228.00
GMP3(1.32%)
Estimate List Price231
Date17-11-2025
Price228.00
GMP1.5(0.66%)
Estimate List Price229.5
Date16-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date15-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date14-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date13-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date12-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date11-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date10-11-2025
Price228.00
GMP0(0.00%)
Estimate List Price228
Date09-11-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date08-11-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date07-11-2025
Price
GMP0(%)
Estimate List Price(%)

IPO Important Dates

IPO Open Date
Thu, Nov 13, 2025
IPO Close Date
Mon, Nov 17, 2025
Tentative Allotment
Tue, Nov 18, 2025
Initiation of Refunds
Wed, Nov 19, 2025
Credit of Shares to Demat
Wed, Nov 19, 2025
Tentative Listing Date
Thu, Nov 20, 2025
Cut-off time for UPI mandate confirmation
5 PM on Mon, Nov 17, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares65
Amount₹14,820
ApplicationRetail (Max)
Lots13
Shares845
Amount₹1,92,660
ApplicationS-HNI (Min)
Lots14
Shares910
Amount₹2,07,480
ApplicationS-HNI (Max)
Lots67
Shares4,355
Amount₹9,92,940
ApplicationB-HNI (Min)
Lots68
Shares4,420
Amount₹10,07,760

Financial Information

Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 20251,243.88
31 Mar 20251,013.96
31 Mar 2024609.64
Period EndedTotal Income
30 Jun 2025597.79
31 Mar 20251,550.09
31 Mar 2024927.20
Period EndedProfit After Tax
30 Jun 202567.59
31 Mar 2025156.34
31 Mar 202445.30
Period EndedEBITDA
30 Jun 2025105.89
31 Mar 2025248.52
31 Mar 202498.64
Period EndedNET Worth
30 Jun 2025464.34
31 Mar 2025396.82
31 Mar 2024239.54
Period EndedReserves and Surplus
30 Jun 2025436.33
31 Mar 2025368.81
31 Mar 2024215.00
Period EndedTotal Borrowing
30 Jun 2025432.83
31 Mar 2025346.22
31 Mar 2024200.19

Peers Comparison

Company NameFujiyama Power Systems Limited
EPS (Basic)5.59
EPS (Diluted)5.56
NAV (per share) (Rs)14.17
P/E (x)
RoNW (%)39.40
P/BV Ratio
Company NameWaaree energies limited
EPS (Basic)68.24
EPS (Diluted)67.96
NAV (per share) (Rs)334.00
P/E (x)49.04
RoNW (%)20.09
P/BV Ratio9.98
Company NameR S premier energies limited
EPS (Basic)21.35
EPS (Diluted)21.35
NAV (per share) (Rs)62.61
P/E (x)47.91
RoNW (%)33.21
P/BV Ratio16.48
Company NameExicom Tele System
EPS (Basic)-9.11
EPS (Diluted)-9.11
NAV (per share) (Rs)50.80
P/E (x)
RoNW (%)-17.93
P/BV Ratio2.88
Company NameInsolation Energy Ltd
EPS (Basic)5.95
EPS (Diluted)5.95
NAV (per share) (Rs)28.00
P/E (x)31.68
RoNW (%)51.20
P/BV Ratio6.71

IPO Reservation

Investor CategoryQIB Shares Offered
Shares Offered1,80,48,245 (49.70%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered1,08,28,947 (29.82%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered72,19,298 (19.88%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered54,14,474 (14.91%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered36,09,649 (9.94%)
Maximum Allottees3,966
Investor Category− sNII < ₹10L
Shares Offered18,04,825 (4.97%)
Maximum Allottees1,983
Investor CategoryRetail Shares Offered
Shares Offered1,26,33,772 (34.79%)
Maximum Allottees1,94,365
Investor CategoryEmployee Shares Offered
Shares Offered2,19,298 (0.60%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered3,63,15,789 (100.00%)
Maximum Allottees

Information about company

Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems. The company has designed an extensive product portfolio of over 522 SKUs, including solar inverters, panels, and batteries, to reduce customer reliance on alternative OEMs. The company serves customers via an extensive distribution network with over 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees trained to understand customer needs and supply customized solar systems. Additionally, we have over 602+ qualified service engineers providing maintenance and technical support. The company offers a wide range of products, including 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 four manufacturing facilities in Greater Noida, Uttar Pradesh, Parwanoo, Himachal Pradesh, Ba2017wal, Haryana and Dadri, UP. The company's production systems are certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety). The company exports its products to countries such as the USA and several Asian countries, including Bangladesh and the UAE. Competitive Strength Quality-centric and precision-driven large-scale manufacturing infrastructure driving production efficiency. Robust distribution network, and post-sale service capabilities driving strong brand recognition. Track record of technological development and product innovation. Diverse solar products establish the company as a leader in the rooftop solar industry. Experienced Promoters and Senior Management and a committed employee base.

Objectives of IPO

The Company Fujiyama Power Systems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India 180.00 2 Repayment and/or prepayment of all or a portion of certain outstanding borrowings availed by our Company 275.00 3 General corporate purposes 112.32

Disclaimer

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