Fujiyama Power Systems IPO
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Fujiyama Power Systems IPO details
Schedule of Fujiyama Power Systems
| Issue open date | 13 Nov 2025 |
| Issue close date | 17 Nov 2025 |
| UPI mandate deadline | 17 Nov 2025 (5 PM) |
| Allotment finalization | 18 Nov 2025 |
| Refund initiation | 19 Nov 2025 |
| Share credit | 19 Nov 2025 |
| Listing date | 20 Nov 2025 |
| Mandate end date | 02 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 18 Dec 2025 |
| Lock-in end date for anchor investors (remaining) | 16 Feb 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Fujiyama Power Systems
Fujiyama Power Systems Limited is a leading manufacturer of rooftop solar systems and power backup solutions, offering solar panels, inverters, batteries, and EV chargers. Headquartered in the Delhi NCR region, the company serves residential, commercial, and industrial customers through a robust network across India. It operates advanced manufacturing facilities in Greater Noida, Parwanoo, and Bawal, with expansion underway in Dadri and Ratlam.
With a product portfolio of over 522 SKUs, Fujiyama provides a complete range of solar and energy products, including on-grid, off-grid, and hybrid inverters, solar panels, lithium-ion and tubular batteries, UPS systems, and charge controllers. Its integrated approach minimises customer dependence on other OEMs and ensures end-to-end solar solutions tailored to diverse needs.
The company’s distribution network includes 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees, supported by over 600 qualified service engineers. Its manufacturing systems are ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, ensuring high standards of quality, safety, and sustainability. Fujiyama also exports to markets including the USA, Bangladesh, and the UAE, reflecting its growing global presence.
Financials of Fujiyama Power Systems
Issue size
| Category | Funds Raised (₹ crores) |
| Total issue size | 828 |
| Fresh Issue – Proceeds go to the company | 600 |
| Offer for sale – Proceeds go to the existing investors | 228 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh | 180 (30%) |
| Repayment and/or prepayment of certain outstanding borrowings | 275 (45.8%) |
| General corporate purposes | 145 (24.2%) |
Strengths
- Diversified solar product portfolio across inverters, panels, and batteries.
- One-stop solar solutions provider with over 522 SKUs.
- Strong pan-India distribution with 670+ distributors and 5,100+ dealers.
- Robust R&D and technological innovation in inverter and UPS design.
- Consistent financial growth with expanding margins and high ROE.
Risks
- Heavy dependence on manufacturing units concentrated in North India.
- Significant raw material imports from China expose supply chain risk.
- Any operational disruption may affect production and revenues.
- Product price volatility could impact margins and cash flow.
- Highly competitive solar market with pressure on pricing and innovation.
Allotment Status for Fujiyama Power Systems
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.