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Fujiyama Power Systems is set to launch its IPO on November 13 to raise INR 828 crore, combining a fresh equity issue and an Offer For Sale by promoters. The funds will support a new manufacturing facility, debt repayment, and corporate needs. The Greater Noida-based firm, known for its brands UTL Solar and Fujiyama Solar, provides on-grid, off-grid, and hybrid rooftop solar solutions. With three domestic manufacturing units and strong R&D capabilities, the company has reported substantial growth, with revenue and net profit more than doubling over two fiscal years.
Fujiyama Power Systems, a Greater Noida-based company offering solutions for the rooftop solar sector, has announced plans to launch its Initial Public Offering (IPO) on November 13. The company aims to raise INR 828 crore through the offering, which has a price band set between INR 216 and INR 228 per share and is scheduled to close on November 17. Shares will be allocated to anchor investors on November 12. Advertisement
The IPO consists of a fresh issue of equity shares worth up to INR 600 crore and an Offer For Sale (OFS) of 10 lakh shares by promoters, valued at INR 228 crore at the upper end of the price band. Funds from the fresh issue will be used primarily to establish a new manufacturing facility in Ratlam, Madhya Pradesh (INR 180 crore), repay existing debt (INR 275 crore), and cover other general corporate expenses.
Fujiyama Power Systems manufactures and provides a wide range of rooftop solar solutions, including on-grid, off-grid, and hybrid systems. The company has built a strong industry presence with its brands 'UTL Solar,' which has been operating for 28 years, and 'Fujiyama Solar.' Over the years, it has developed three domestic manufacturing facilities and in-house R&D capabilities, focusing consistently on technology development and product innovation.
The company's financial performance has shown significant growth. Revenue from operations rose to INR 1,540.67 crore in FY25 from INR 664.08 crore in FY23. Net profit also increased substantially, reaching INR 156.33 crore in FY25 compared with INR 24.36 crore in FY23. Motilal Oswal Investment Advisors and SBI Capital Markets are serving as the book-running lead managers for the IPO.
Source PTI
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