FUJIYAMA POWER SYSTEMS LIMITED

13 Nov 2025 - 17 Nov 2025 Individual Category Main Board BSE NSE

Min Investment

₹14820

Price Band

₹216-₹228

Issue Size

₹828.00 Cr

Lot Size

65 (per lot)

IPO Dates
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13 Nov 2025

Open Date

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17 Nov 2025

Close Date

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18 Nov 2025

Allotment Date

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20 Nov 2025

Listing Date

Know Before Investing

Strengths icon

  • Diversified solar product portfolio across inverters, panels, and batteries.
  • One-stop solar solutions provider with over 522 SKUs.
  • Strong pan-India distribution with 670+ distributors and 5,100+ dealers.
  • Robust R&D and technological innovation in inverter and UPS design.
  • Consistent financial growth with expanding margins and high ROE.

Weaknesses icon

  • Heavy dependence on manufacturing units concentrated in North India.
  • Significant raw material imports from China expose supply chain risk.
  • Any operational disruption may affect production and revenues.
  • Product price volatility could impact margins and cash flow.
  • Highly competitive solar market with pressure on pricing and innovation.

About Fujiyama Power Systems Limited

Fujiyama Power Systems Limited is a leading manufacturer of rooftop solar systems and power backup solutions, offering solar panels, inverters, batteries, and EV chargers. Headquartered in the Delhi NCR region, the company serves residential, commercial, and industrial customers through a robust network across India. It operates advanced manufacturing facilities in Greater Noida, Parwanoo, and Bawal, with expansion underway in Dadri and Ratlam. With a product portfolio of over 522 SKUs, Fujiyama provides a complete range of solar and energy products, including on-grid, off-grid, and hybrid inverters, solar panels, lithium-ion and tubular batteries, UPS systems, and charge controllers. Its integrated approach minimises customer dependence on other OEMs and ensures end-to-end solar solutions tailored to diverse needs. The company’s distribution network includes 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees, supported by over 600 qualified service engineers. Its manufacturing systems are ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, ensuring high standards of quality, safety, and sustainability. Fujiyama also exports to markets including the USA, Bangladesh, and the UAE, reflecting its growing global presence. Discuss on Trading Q&A

IPO Objectives

1. Financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India (the“Project”);

2. Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by ourCompany; and

3. General corporate purposes

Company Promoters

Pawan Kumar Garg

Sunil Kumar

Yogesh Dua

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 5.15
Non-Institutional Buyers 0.88
Retail Investors 1
Total 7.03
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