Fujiyama Power Systems IPO Set to Open on Nov 13: Key Risks You Should Know

Fujiyama Power Systems Limited has announced its Initial Public Offering (IPO) through a book-building process valued at ₹828 crore. The issue comprises a fresh issue of approximately 2.63 crore equity shares amounting to ₹600 crore, along with an offer for sale (OFS) of about 1 crore shares aggregating to ₹228 crore.

Fujiyama Power Systems IPO will open for subscription on November 13, 2025, and will close on November 17, 2025. The basis of allotment is expected to be finalized on November 18, 2025, while the company’s shares are proposed to be listed on both the BSE and NSE with a tentative listing date of November 20, 2025.

The price band for the issue has been fixed between ₹216 and ₹228 per share. Retail investors can apply for a minimum lot size of 65 shares, requiring an investment of ₹14,820 at the upper price band.

Key Risk Factors

• Operational Vulnerability:The company’s manufacturing units are exposed to several operational risks. Any disruption, shutdown, or technical malfunction at its existing or upcoming facilities could negatively impact production, sales, and overall financial performance.
• Regional Concentration:A significant concentration of manufacturing operations in northern India subjects the company to location-specific risks, which may adversely affect business continuity, financial results, and cash flow.
• Price Volatility:A decline in the selling prices of the company’s products could adversely affect its revenue, profitability, and liquidity position.
• Dependence on Uttar Pradesh:A substantial portion of Fujiyama’s retail sales originates from Uttar Pradesh. Any reduction in demand within this key market, or the company’s inability to successfully penetrate new markets, may hinder its growth and financial stability.
• Expansion Challenges:Fujiyama Power Systems is actively expanding into regions where it currently has limited market presence and experience. Any failure to establish a strong foothold in these new territories could adversely impact sales, profitability, and operational performance.

About Fujiyama Power Systems Limited

Established in 2017, Fujiyama Power Systems Ltd. is a leading manufacturer and solutions provider in the rooftop solar energy sector, specializing in on-grid, off-grid, and hybrid solar systems. The company has developed an extensive portfolio comprising over 522 SKUs, including solar inverters, panels, and batteries, designed to minimize customer dependence on third-party OEMs.

Fujiyama Power Systems operates through a robust distribution network consisting of 725+ distributors, 5,546 dealers, and 1,100 exclusive ‘Shoppe’ franchise outlets. These franchisees are trained to assess customer requirements and deliver tailored solar solutions. The company also maintains a network of over 602 certified service engineers who provide technical and maintenance support.

Also Read: SEDEMAC Mechatronics Files DRHP with SEBI for ₹800-1,000 Crore IPO via Offer for Sale

The product range includes solar PCUs, on-grid, off-grid, and hybrid inverters, solar panels, PWM and battery chargers, lithium-ion and tubular batteries, UPS systems (online/offline), solar management units, and charge controllers.

Fujiyama currently operates four manufacturing facilities located in Greater Noida (Uttar Pradesh), Parwanoo (Himachal Pradesh), Bawal (Haryana), and Dadri (Uttar Pradesh).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.