Fujiyama Power Systems IPO is a book-built issue of ₹828.00 crore, consisting of a fresh issue of ₹600 crore and an offer for sale of ₹228 crore, totalling 3.63 crore equity shares.
The IPO opened on November 13, 2025, and will close on November 17, 2025. The allotment will be finalised on November 18, 2025, and the company is set to list on BSE and NSE on November 20, 2025.
The price band for the IPO is ₹216 to ₹228 per share, with a lot size of 65 shares. The minimum investment for retail investors is ₹14,820 (at the upper price band).
As of 2:39 PM on November 17, 2025 (Day 3), the IPO has been subscribed 1.69 times overall, including 0.65× in retail, 4.47× in QIB (ex-anchor), and 0.40× in NII.
Fujiyama Power Systems’ ₹828 crore IPO, priced in the range of ₹216–₹228 per share, is a book-built issue comprising a fresh issue of ₹600 crore and an offer for sale worth ₹228 crore, totalling 3.63 crore equity shares. The IPO opened for subscription on November 13, 2025, and will close on November 17, 2025. The allotment is expected to be finalised on November 18, 2025, with the company scheduled to list on both BSE and NSE on November 20, 2025.
The lot size for the IPO is 65 shares, requiring a minimum retail investment of ₹14,820 at the upper end of the price band. As of 2:39 PM on November 17, 2025 (Day 3), the IPO had been subscribed 1.69 times overall, with the retail category subscribing 0.65 times, the QIB segment 4.47 times (excluding anchor), and the NII category 0.40 times.
The table below breaks down the Fujiyama Power Systems share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 1,80,48,245 (49.70%) |
| NII (HNI) Shares Offered | 54,14,474 (14.91%) |
| Retail Shares Offered | 1,26,33,772 (34.79%) |
| Employee Shares Offered | 2,19,298 (0.60%) |
| Total Shares Offered | 3,63,15,789 (100.00%) |
Data Source: NSE
| Investor Category | Subscription (times) |
| Anchor Investors | 1.00 |
| QIB (Ex Anchor) | 5.24 |
| Non-Institutional Buyers | 0.87 |
| — bNII (> ₹10L) | 0.56 |
| — sNII (< ₹10L) | 1.48 |
| Retail Investors | 0.85 |
| Employees | 1.48 |
| Total | 2.10 |
Note: The subscription details are as of Nov 17, 2025
Fujiyama Power Systems Ltd., founded in 2017, is a solar solutions company that manufactures a wide range of products used in rooftop solar systems, including on-grid, off-grid, and hybrid setups. The company has built a large portfolio of more than 522 products, such as solar inverters, panels, batteries, PCUs, UPS systems, solar chargers, and charge controllers. This wide product range helps customers get complete solar solutions without depending on other manufacturers.
Fujiyama has a strong presence across India through its network of over 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchise stores that are trained to understand customer needs and provide customised solar systems. The company also has more than 602 service engineers who handle installation, maintenance, and technical support. Its manufacturing units are located in Greater Noida, Dadri (Uttar Pradesh), Parwanoo (Himachal Pradesh), and Bawal (Haryana), and all facilities follow global quality and safety standards under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
Fujiyama also exports its products to the USA and several Asian countries, including Bangladesh and the UAE. The company’s major strengths lie in its modern and efficient manufacturing setup, strong distribution and service network, focus on technology and innovation, diverse product portfolio, and the experience of its promoters and management team, which together help it maintain a strong position in the rooftop solar industry.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. 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.
Published on: Nov 17, 2025, 4:12 PM IST
Team Angel One
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