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Fujiyama Power Systems IPO

Fujiyama Power Systems IPO — date, price band, lot size & details 2025

Fujiyama Power Systems listed on 20 Nov 2025 at ₹220, 3.5% below the ₹228 issue price.

Fujiyama Power Systems is launching its IPO to raise funds for business expansion and working capital needs. The company is engaged in manufacturing and supplying power backup and energy solutions such as inverters, batteries, and solar products. With growing demand for renewable energy and power solutions in India, the IPO aims to strengthen its market presence and improve production capacity for future growth.

Stock price

Fujiyama Power Systems is listed — here is the live share price.

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

Timetable

Key dates from opening to listing. Today is 4 October.

Key dates Listed
  1. Open 13 Nov 2025
  2. Close 17 Nov 2025
  3. Allotment 18 Nov 2025
  4. Refund/credit 19 Nov 2025
  5. Listing 20 Nov 2025

Issue summary

The terms of the offer, as filed.

IPO Dates 13 to 17 Nov, 2025
Price Band ₹216 – ₹228
Face Value ₹1
Lot Size 65 Shares
Issue Size ₹828 Cr
Sale Type Fresh capital cum OFS
Listing On BSE & NSE
Registrar MUFG Intime India Private Limited
Min Investment ₹ 14,820
Reservation
QIB 50%
NII 15%
Retail 35%
Employee 0.6%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 65 shares at the ₹228 cut-off. Drag to size your application.

shares
1 lot lots
Application Lots Shares 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

Three years of numbers

All figures in ₹ crore, as reported in the Fujiyama Power Systems offer document.

Total income
597.79
927
1,550
598
31 Mar 202431 Mar 202530 Jun 2025
Profit after tax
67.59
45
156
68
31 Mar 202431 Mar 202530 Jun 2025
EBITDA
105.89
99
249
106
31 Mar 202431 Mar 202530 Jun 2025
Metric 30 Jun 2025 31 Mar 2025 31 Mar 2024
Revenue 597.79 1,550.09 927.20
OPM % 16.1 10.7
EBITDA 105.89 248.52 98.64
Net Profit 67.59 156.34 45.30
Debt 432.83 346.22 200.19
Assets 1,243.88 1,013.96 609.64

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Fujiyama Power Systems RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
25.84
EPS (₹)
8.82
RoCE
41.01
RoNW
39.40
PAT Margin
10.15

Fujiyama Power Systems IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹8.82
P/E Ratio (x) 25.84
Market Cap at Offer Price (₹ Cr) ₹1,747.22

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹228 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹45.11 Cr of the issue is earmarked to named objects.

Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission) ₹24.43 Cr
Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPBrokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs ₹2.06 Cr
Fees payable to the Registrar to the Offer ₹0.04 Cr
Fees payable to others ₹1.52 Cr
Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expense ₹6.27 Cr
Printing and stationery ₹0.94 Cr
Advertising and marketing expenses for the Offer ₹2.70 Cr
Fee payable to legal counsels ₹5.96 Cr
Miscellaneous ₹1.19 Cr

About the company

Fujiyama Power Systems Limited, originally incorporated as a private limited company on November 29, 2017, traces its roots to 1996 when its promoter Pawan Kumar Garg established a sole proprietorship named UTL Electronics. In 2008, promoters Pawan Kumar Garg and Yogesh Dua formed a partnership firm under the name Fujiyama Power Systems, pioneering high-frequency online UPS and inverters in India, followed by expansions into solar PCUs in 2012 and online solar PCUs in 2014. The company acquired the partnership's business via slump sale in 2018 and has since scaled manufacturing capacities across facilities in Greater Noida, Bawal, Parwanoo, and the newly commissioned Dadri unit, achieving milestones like supplying Bharat Net Phase 1 in 2016 and growing its franchise network to over 1,000 Shoppe outlets by 2023.

The company specializes in rooftop solar systems and power backup solutions, offering an extensive portfolio of over 522 SKUs including on-grid, off-grid, and hybrid inverters, solar panels, lithium-ion and tubular batteries, UPS systems, charge controllers, and EV chargers. Its integrated business model provides end-to-end solutions—from manufacturing to installation and after-sales support—through a pan-India network of 670+ distributors, 5,100+ dealers, and 600+ service engineers, minimizing customer reliance on third-party OEMs. This B2B and B2C approach emphasizes R&D-driven innovation in power electronics to serve residential, commercial, and industrial segments amid rising renewable energy demand

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Pawan Kumar Garg, Sunil Kumar, Yogesh Dua
Promoter holding
99.67% → 87.88%
Pre-issue → post-issue
Registered office
53A/6, Near NDPL Grid Office, Near Metro Station Sat Guru Ram Singh Marg Delhi, New Delhi, 110015
+91 1141055305

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
SBI Capital Markets Ltd. View track record →
Book-running lead manager
Motilal Oswal Investment Advisors View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP

Fujiyama Power Systems IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

SBI Capital Markets Ltd.

14 issues handled
Listed in Profit 85.7% 12 of 14 listed
Avg Listing Gain +12.1% across 14 issues
Listed Below Issue 2 of 14 listed

Best listing: Indo-MIM (+44.3%). Weakest: Central Mine Planning & Design Institute (-7.0%).

Listed in Profit 70% 14 of 20 listed
Avg Listing Gain +11.4% across 20 issues
Listed Below Issue 6 of 20 listed

Best listing: Kusumgar (+37.0%). Weakest: Turtlemint Fintech Solutions (-10.4%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Fujiyama Power Systems
Email

Frequently asked

What is the GMP of Fujiyama Power Systems?

The current Grey Market Premium is ₹0.

What is the Fujiyama Power Systems IPO price band?

₹216 to ₹228, on a face value of ₹1.

When is the allotment?

The basis of allotment is 18 November 2025, with listing on 20 November 2025.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.

Fujiyama Power Systems IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹0
Subscribed
2.14×
Min bid
₹14,820
Size my application