Fujiyama Power Systems Limited

IPO Details
Bidding Date Nov 13, 2025	IPO Price Range ₹216 to ₹228 per share	IPO Size ₹828 Cr
Listing Exchange BSE, NSE	Listing Date Nov 20, 2025	Lot Size 65 Shares

Minimum Investment
₹14,820/65 shares

IPO Timeline

Open DateNov 13, 2025

Close DateNov 17, 2025

Allotment FinalisationNov 18, 2025

Demat TransferNov 19, 2025

Refund InitiationNov 19, 2025

ListingNov 20, 2025

About Fujiyama Power Systems Limited

Fujiyama Power Systems is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company strives to excel in solar panel manufacturing, solar inverter manufacturing (covering on-grid, hybrid, and off-grid solutions), and both lead acid and lithium-ion battery production. The company has developed three manufacturing facilities and R&D capabilities domestically, and with a consistent focus on technological development and product innovation, the company has a track record of being one of the few companies in India to develop Online UPS with single card, Combo UPS along with automatic voltage regulation (“AVR”), high frequency online UPS and single card surface mount technology (“SMT”)inverter in India. The Company began manufacturing solar power conditioning units (“PCU”) in 2012 whereas online solar PCUs in 2014. Fujiyama Power Systems is the first Indian company to develop an SMT based inverter with single card in the year 2000.

Fujiyama Power Systems Limited Subscription Status

Date	QIB	NII	Retail	Total
TBA	0	0	0	0
TBA	0	0	0	0

Fujiyama Power Systems Limited Financial Status

Particulars (in Rs. Crores)	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	1,243.88	1,013.96	609.64	514.56
Total Income	597.79	1,550.09	927.20	665.33
Profit After Tax	67.59	156.34	45.30	24.37
EBITDA	105.89	248.52	98.64	51.60
Net Worth	464.34	396.82	239.54	193.08
Reserves and Surplus	436.33	368.81	215.00	70.55
Total Borrowing	432.83	346.22	200.19	211.14

Fujiyama Power Systems Limited SWOT Analysis

Strengths

Diversified portfolio of solar products and solutions which distinguishes the company as a well-rounded leader in the rooftop solar industry.
Track record of technological development and product innovation.
Robust distribution network and post-sale service capabilities driving strong brand recognition.
Quality-centric and precision-driven large scale manufacturing infrastructure driving production efficiency.

Risks

Significant dependence on manufacturing operations located in North India.
Retail growth relies on the company’s distributor and franchise network; disruption could hurt the business and finances.
Heavy reliance on imported materials and equipment, particularly from China, exposes the company to supply and regulatory risks.
The company is involved in ongoing legal proceedings.