Fujiyama Power Systems Ltd., established in 2017, is engaged in manufacturing and delivering solutions across the rooftop solar segment, covering on-grid, off-grid, and hybrid systems.
The company has built a diverse portfolio of over 522 SKUs that includes solar inverters, panels, batteries, and related power-management products, helping customers avoid dependence on external OEMs. Its strong market reach is supported by a widespread distribution network of more than 725 distributors, 5,546 dealers, and 1,100 exclusive Shoppe outlets, along with a team of over 602 trained service engineers who provide installation, technical assistance, and maintenance support.
Fujiyama operates 4 manufacturing facilities located in Greater Noida, Parwanoo, Bawal, and Dadri, and its operations follow global standards with ISO certifications for quality, environmental management, and occupational health and safety.
The company also exports its products to the USA, Bangladesh, the UAE, and other Asian markets. Its strengths lie in its advanced manufacturing infrastructure, strong brand presence driven by extensive distribution and after-sales service, continuous technological innovation, a broad product range, and an experienced leadership team.
How To Check the Allotment Status of Fujiyama Power Systems IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Fujiyama Power Systems IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Fujiyama Power Systems IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Fujiyama Power Systems IPO
Registered office:Fujiyama Power Systems Ltd., 53A/6, Near NDPL Grid Office, Near Metro Station, Sat Guru Ram Singh Marg, Delhi, New Delhi, 110015
Phone:+91 1141055305
E-mail:investor@utlsolarfujiyama.com
Fujiyama Power Systems IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
Fujiyama Power Systems IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 65 | ₹14,820 |
| Retail (Max) | 13 | 845 | ₹1,92,660 |
| S-HNI (Min) | 14 | 910 | ₹2,07,480 |
| S-HNI (Max) | 67 | 4,355 | ₹9,92,940 |
| B-HNI (Min) | 68 | 4,420 | ₹10,07,760 |
Fujiyama Power Systems IPO Promoter Holding
Pawan Kumar Garg, Yogesh Dua and Sunil Kumar are the promoters of the company.
| Share Holding Pre-Issue | 99.67% |
| Share Holding Post Issue | 87.88% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Fujiyama Power Systems IPO
| KPI | Values |
| ROE (%) | 39.40 |
| ROCE (%) | 41.01 |
| Debt/Equity | 0.87 |
| RoNW (%) | 39.40 |
| PAT Margin (%) | 10.15 |
| EBITDA Margin (%) | 16.13 |
| Price to Book Value | 16.09 |
Fujiyama Power Systems IPO Registrar and Lead Managers
Fujiyama Power Systems IPO Lead Managers
- Motilal Oswal Investment Advisors Ltd
- SBI Capital Markets Ltd.
Registrar for Fujiyama Power Systems IPO
MUFG Intime India Pvt.Ltd.
- Phone: +91-22-4918 6270
- Email: fujiyamapower.ipo@linkintime.co.in
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Financial Performance of Fujiyama Power Systems Solution Limited
| Particulars | Year ended on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Assets (₹ Cr) | 1,013.96 | 609.64 | 514.56 |
| Total Income (₹ Cr) | 1,550.09 | 927.20 | 665.33 |
| Profit After Tax (₹ Cr) | 156.34 | 45.30 | 24.37 |
| EBITDA (₹ Cr) | 248.52 | 98.64 | 51.60 |
| Net Worth (₹ Cr) | 396.82 | 239.54 | 193.08 |
| Reserves & Surplus (₹ Cr) | 368.81 | 215.00 | 70.55 |
| Total Borrowing (₹ Cr) | 346.22 | 200.19 | 211.14 |
Fujiyama Power Systems IPO Peer Comparison
| Name of Company | Revenue from Operations (₹ in millions) | EPS (Basic) | EPS (Diluted) | RONW (%) | NAV per Share (₹) |
| Fujiyama Power Systems Ltd | 15,406.77 | 5.59 | 5.56 | 39.40% | 14.17 |
| Waaree Energies | 1,44,445.00 | 68.24 | 67.96 | 20.09% | 334.00 |
| Premier Energies | 65,187.45 | 21.35 | 21.35 | 33.21% | 62.61 |
| Exicom Tele Systems | 8,676.06 | (9.11) | (9.11) | (17.93)% | 50.80 |
| Insolation Energy | 13,337.60 | 5.95 | 5.95 | 20.46% | 28.00 |
Strengths and Opportunities of Fujiyama Power Systems Solution Limited
- A wide portfolio of solar products allows the company to cater to varied customer requirements.
- Ongoing investment in innovation helps the company develop efficient and advanced solar solutions.
- A strong sustainability focus aligns well with global shifts toward clean energy.
- The company has an established presence in both Indian and international markets, boosting brand visibility.
- Growing renewable energy demand in emerging markets offers room for expansion.
- Collaboration with government bodies may create opportunities through supportive policies and incentives.
- Large commercial and industrial solar projects present long-term growth potential.
- The company also has scope to grow in the energy storage segment as demand for such solutions rises.
Risks and Threats of Fujiyama Power Systems Solution Limited
- The company's moderate operational scale may limit its ability to grow in a highly competitive market.
- High working capital needs can restrict financial flexibility and slow expansion plans.
- Business performance is sensitive to economic fluctuations that may affect overall demand.
- Brand visibility is relatively lower in some regions compared to larger competitors.
- Dependence on third-party suppliers exposes the company to potential supply chain disruptions.
- Regulatory changes and compliance requirements may increase costs or impact operations in certain markets.
- Heavy reliance on government incentives and subsidies poses a risk if policies change or support is reduced.
- Rapid technological advancements in the solar sector could make existing products less competitive.
