The Noida-based solar power solutions company plans to use the proceeds from the fresh issue to part-fund a new manufacturing facility in Ratlam, Madhya Pradesh, repay debt, and for general corporate purposes. The IPO will be listed on both BSE and NSE, with a tentative listing date set for November 20. The allotment is likely to be finalised on November 18, followed by refunds and credit of shares on November 19.
The issue will be managed by Motilal Oswal Investment Advisors, with MUFG Intime India acting as registrar. The offer is a book-built issue of 3.63 crore equity shares.
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Retail investors can bid for a minimum of 65 shares, translating into an application size of Rs 14,820 at the upper price band. The maximum investment allowed for retail applicants is 13 lots, or 845 shares.
As per the regulatory allocation, up to 50% of the net issue will be reserved for qualified institutional buyers (QIBs), not less than 15% for non-institutional investors, and a minimum of 35% for retail investors.
About the company
Fujiyama Power Systems manufactures and supplies products across the rooftop solar ecosystem, including on-grid, off-grid, and hybrid systems. Its product range includes solar inverters, panels, lithium-ion and tubular batteries, and other power management units.
The company has a strong distribution base of more than 725 distributors, 5,500 dealers, and 1,100 franchise outlets under the “Shoppe” network, supported by over 600 service engineers.
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Financially, Fujiyama has shown strong growth. Its revenue rose 67% to Rs 1,550 crore in FY25 from Rs 927 crore in FY24, while profit after tax surged 245% to Rs 156 crore from Rs 45 crore a year earlier.