Fujiyama Power Systems Limited
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Fujiyama Power Systems Limited's successfully completed its Initial Public Offering and commenced trading on Nov 20, 2025 at the NSE, BSE exchange. The company raised 3,63,15,789 Shares through this public offering, comprising 2,63,15,789 Shares in fresh capital and ₹228.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹216 to ₹228, with minimum application lots of 65 shares. The offering attracted significant investor interest during its subscription period from Nov 13, 2025 to Nov 17, 2025.
Share allotment was finalized on Nov 18, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy solutions industry and manufactures a wide range of products used in residential, commercial, and industrial solar setups. The company has a portfolio of 500+ SKUs that includes on-grid, off-grid, and hybrid solar inverters, solar panels, lithium-ion and tubular batteries, charge controllers, PWM chargers, and UPS systems, enabling reduced dependency on third-party OEMs. Fujiyama has a strong nationwide distribution network with over 480 distributors, 3,600+ dealers, and 1,000+ exclusive Shoppe franchisees, supported by 500+ trained service engineers. The company’s manufacturing facilities are located in Greater Noida (UP), Parwanoo (HP), and Bawal (Haryana).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diversified Product Range: Wide portfolio of rooftop solar products and EV solutions.
- Strong R&D & Innovation: 29+ years experience, 65+ R&D experts & 500+ engineers driving innovation.
- Experienced Leadership: Promoters with 50+ years combined experience backed by a skilled workforce.
- Operational Risk: Any disruption in manufacturing may affect production and financial performance.
- Geographical Concentration: All units are in North India, exposing the business to region-specific risks.
- Distribution Dependency: Heavy reliance on distributors, dealers & franchisees; any breakdown may impact growth.
- Pawan Kumar Garg
- Yogesh Dua
- Sunil Kumar
Fujiyama Power Systems Limited
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