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Fujiyama Power Systems IPO Review

Fujiyama Power Systems IPO has been reviewed by 11 analysts, and the overall consensus is Strong Apply — carrying a score of 96. Out of the 11 analysts who have covered this IPO, 10 recommend subscribing while 1 advises caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹216-228 per share, with a minimum application size of 65 shares (minimum investment of approximately ₹14,820 at the upper band). Subscription ran from 13 Nov 2025 to 17 Nov 2025. The issue size is ₹828 crore, a mix of fresh issue and offer for sale. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
96/ 100
Strong Apply 10 of 11 recommend subscribing
How analysts voted
Apply 10
Neutral 1
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

[Dilip Davda]
FPSL is a one-stop solutions provider in roof-top solar related all services. Some of its products has a legacy of around three decades. With its penetration in Tier II, III and rural regions, it is gaining grounds as indicated by its financial performances for the last three fiscals. It has 522+ SKUs in its products portfolio and thus enjoying most preferred supplier of solar energy products. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term rewards

Listing gains

Valuation estimates range widely, from about 25.8 times on a post-issue basis to 40, 41 and 45 times on FY25 earnings, on a market cap near ₹6,986 crore. Most analysts describe it as fairly valued given growth. Ten of the twelve covering it said subscribe, supporting a positive listing.

Short-term strategy

Revenue grew strongly from ₹927.20 crore in FY24 to ₹1,550.09 crore in FY25, with the June 2025 quarter at ₹597.79 crore, and operating margin improved from 10.7 to 16.1 percent. Fresh money funds a project in Ratlam, Madhya Pradesh and repays borrowings.

Long-term strategy

The long-term case in the notes is the rooftop solar market, which they project to grow at a strong CAGR from a low base. Being tied to solar adoption, the business depends on continued policy support and falling system costs sustaining household and commercial demand.

How this is written: an AI-assisted summary of the 12 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Fujiyama Power Systems IPO?

The analyst consensus for Fujiyama Power Systems IPO tracked on this page is Strong Apply, with a score of 96/100. Out of 11 analysts who have reviewed this IPO, 10 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 96 mean for Fujiyama Power Systems IPO?

The score of 96 is an aggregate of all analyst ratings tracked for Fujiyama Power Systems IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Fujiyama Power Systems IPO?

Fujiyama Power Systems IPO listed on November 20, 2025 at ₹220, against the issue price of ₹228 — a loss of -3.51% (₹8 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Fujiyama Power Systems IPO?

Fujiyama Power Systems IPO was priced at ₹216-228 per share. The minimum lot size is 65 shares, making the minimum investment approximately ₹14,820 at the upper end of the price band. Subscription ran from 13 Nov 2025 to 17 Nov 2025.

Explore Fujiyama Power Systems IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Fujiyama Power Systems IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
96 / 100
Listed at
₹220
Full IPO details