MUMBAI, 10 NOVEMBER, 2025 (GPN/ SACHIN MURDESHWAR 📞8108510506): Noida-based solar energy inverters and batteries manufacturer Fujiyama Power Systems Limited IPO will open on November 13 and will close on November 17 to raise Rs 600 crore through the issuance of fresh equity shares. The promoters of the Company are Pawan Kumar Garg, Yogesh Dua and Sunil Kumar.Promoters Pawan Kumar Garg and Yogesh Dua also plan to offload 1 crore shares through the offer-for-sale route. The anchor book opens on November 12. The share allotment is expected to be finalised by November 18 and listing on BSE and NSE is expected on November 20.

Fujiyama Power Systems IPO price band is set at Rs.216.00 to Rs.228.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is Rs 14,820 (65 shares) (based on upper price). The lot size investment for sNII is 14 lots (910 shares), amounting to Rs.2,07,480, and for bNII, it is 68 lots (4,420 shares), amounting to Rs.10,07,760.The company has reserved 50% of the net offer for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

The fresh issue proceeds shall generate 180 crore rupees for building new manufacturing facilities for solar inverters and solar panels and lithium-ion batteries at Ratlam in Madhya Pradesh. The company shall utilize Rs 275 crore towards debt repayment while utilizing the remaining amount for corporate general activities.

Addressing the media about the Financial Performance, Company Spokespersons and the management team, Mr Pawan Kumar Garg, Chairman;
Mr Yogesh Dua, CEO; alongwith
Mr Sunil Kumar, Non-Executive Director said to NH, “The company generated Rs 67.6 crore in profit during the June 2025 quarter while its revenue reached Rs 597.3 crore.For FY25, profit surged 245.2% year-on-year to Rs 156.4 crore, compared to Rs 45.3 crore in FY24.Revenue for the same period rose 66.6% to Rs 1,540.7 crore from Rs 924.7 crore.”

FY25 financials reflect exceptional growth, with revenue up 67 percent YoY and PAT jumping 245 percent, while margins remain healthy at 16.13 percent EBITDA and 10.15 percent PAT. Return ratios are impressive with ROE at 39.4 percent and ROCE at 41 percent, indicating high operational efficiency. Borrowings have risen due to scale expansion, but the IPO’s fresh issue-allocated toward a new Ratlam plant and debt repayment-should strengthen the balance sheet.

Motilal Oswal Investment Advisors Ltd and SBI Capital Markets Ltd are the issue’s book-running lead managers (BRLMs), while MUFG Intime India is the registrar.

Founded in 1996 and incorporated in 2017, Fujiyama Power Systems Limited is a leading manufacturer and solutions provider in India’s rooftop solar industry. The Company specializes in a diversified range of solar products and solutions, including on-grid, off-grid and hybrid solar systems, solar panels, solar inverters, lithium-ion and tubular batteries, and E-Rickshaw chargers.

Headquartered in Delhi, the Company operates four state-of-the-art manufacturing facilities across Uttar Pradesh, Himachal Pradesh and Haryana, supported by a dedicated R&D centre. As of June 30, 2025, Fujiyama has built a pan-India distribution network of 725 distributors, 5,546 dealers, and 1,100 exclusive “UTL Solar Shoppe” franchisees under its flagship brands UTL Solar and Fujiyama Solar.