Fujiyama Power Systems IPO 2025

November 16, 2025 10 min read

Fujiyama Power Systems IPO 2025 – Date, Price, Review & Allotment

Educational article by Money Bells Research Analyst (SEBI RA – INH100009901)

Table of Contents

  1. Introduction
  2. IPO Details & Key Dates
  3. Company Overview
  4. Financials & Valuation
  5. Strengths & Growth Drivers
  6. Risks & Considerations
  7. Allotment & Listing
  8. Disclosure

➜ Introduction

Fujiyama Power Systems Ltd. is a leading Indian manufacturer of solar panels, inverters, UPS systems, and lithium-ion/lead-acid batteries. The company is strongly positioned in the clean energy and solar power products segment, and its IPO in November 2025 is aimed at expanding manufacturing capabilities and distribution networks across India.

➜ IPO Details & Key Dates

Detail Information
IPO Open Date 13 November 2025
IPO Close Date 17 November 2025
Price Band ₹216 – ₹228 per share
Issue Size ₹828 crore (₹600 Cr Fresh Issue + ₹228 Cr OFS)
Lot Size 65 shares
Tentative Listing Date 20 November 2025

➜ Company Overview

Fujiyama Power Systems owns multiple manufacturing units in Greater Noida, Parwanoo, Bawal and is expanding further with a new plant being set up in Ratlam, Madhya Pradesh.

Product Portfolio:

  • Rooftop Solar Panels
  • On-grid, Off-grid & Hybrid Inverters
  • Lithium-ion and Lead-Acid Batteries
  • UPS & Power Storage Systems

Distribution Network:

  • 725 Distributors
  • 5,546 Dealers
  • 1,100 Franchise Stores

➜ Financials & Valuation

Metric Value (Approx)
FY2025 Revenue ₹1,540.68 crore
FY2025 PAT ₹156.34 crore
Price Band ₹216 – ₹228
Estimated IPO Valuation Considered premium vs industry peers

*Financial values are approximate and based on public sources.

➜ Strengths & Growth Drivers

  • Strong presence in India’s fast-growing solar energy sector
  • Large and diversified power product portfolio
  • Expanding manufacturing capabilities
  • Strong retail distribution network across India
  • Improved profitability trend in FY2025

➜ Risks & Considerations

  • IPO valued at a premium compared to similar companies
  • High competition in solar and power solutions industry
  • Strong dependency on imported components
  • Volatility in raw material prices may impact margins
  • Execution risk due to expansion plans

➜ Allotment & Listing

  • Basis of Allotment: 18 November 2025
  • Demat Credit / Refund: 19 November 2025
  • Listing Date: 20 November 2025

Allotment status can be checked on the official registrar’s website once finalised.

➜ Disclosure (SEBI Compliance)

Disclaimer: This article is only for educational purposes. Money Bells Global Research Services Pvt. Ltd. is a SEBI Registered Research Analyst (INH100009901). This is not investment advice. IPOs carry market, valuation and liquidity risks. All data used here is sourced from publicly available information.

Copyright Note: This content is original and created exclusively for Money Bells. No copyrighted material has been copied.

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