Fujiyama Power Systems IPO Opens November 13; Fresh Issue to Raise Rs 600 Crore

10 Nov, 2025 – Noida-based solar energy manufacturer Fujiyama Power Systems Ltd initial public offering will open on November 13 to raise Rs 600 crore through the issuance of fresh equity shares. Promoters Pawan Kumar Garg and Yogesh Dua also plan to offload 1 crore shares through the offer-for-sale route.

Fujiyama Power Systems IPO Schedule and Listing Details

The anchor book opens on November 12, while the public offer will open on November 13 and remain open till November 17. The share allotment is expected to be finalised by November 18 and listing on BSE and NSE is expected on November 20.

This will mark the fifth IPO to debut in next week’s pipeline, joining PhysicsWallah, Emmvee Photovoltaic Power, Tenneco Clean Air, and Capillary Technologies.

Fujiyama Power Systems Fund Utilization Plan

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.

Fujiyama Power Systems Financial Performance

• 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.

Business Overview

Fujiyama Power Systems operates in the rooftop solar energy segment under the brands UTL Solar and Fujiyama Solar. The company operates four manufacturing facilities and conducts research and development activities through its own dedicated R&D department while competing against listed companies Waaree Energies Premier Energies Exicom Tele Systems and Insolation Energy.

Fujiyama Power Systems Lead Managers

The merchant bankers to the issue are Motilal Oswal Investment Advisors and SBI Capital Markets.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations