Fujiyama Power IPO Description – Fujiyama Power Systems is a leading Indian manufacturer and solutions provider in the rooftop solar industry, offering on-grid, off-grid, and hybrid solar systems. The company excels in solar panels, inverters, and battery manufacturing—covering both lead-acid and lithium-ion technologies—and operates under well-established brands such as UTL Solar (29-year legacy) and Fujiyama Solar.
As of 30 June 2025, it manages four domestic manufacturing facilities across Greater Noida, Parwanoo, Bawal, and Dadri, with a combined annual installed capacity exceeding 10 lakh solar components, including 6,56,547 solar panels and 3,87,504 inverters. Supported by over 602 engineers and a nationwide network of 725 distributors, 5,546 dealers, and 1,100 “Shoppe” franchisees, Fujiyama has sold over 17 lakh solar panels, 6,62,000 inverters, and 9,25,000 batteries, contributing to more than 1 GW of rooftop installations across India.
Promoters of Fujiyama Power Systems – Pawan Kumar Garg, Yogesh Dua, and Sunil Kumar
Table of Contents
UTL Solar IPO Details
| UTL Solar IPO Dates | 13 – 17 November 2025 |
| UTL Solar IPO Price | INR 216 – 228 per share |
| Fresh issue | INR 600 crore |
| Offer For Sale | 1,00,00,000 shares (INR 216 – 228 crore) |
| Total IPO size | INR 816 – 828 crore |
| Minimum bid (lot size) | 65 shares (INR 14,820) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Fujiyama Power Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 664.08 | 924.69 | 1,540.68 | 597.35 |
| Expenses | 633.85 | 864.60 | 1,336.97 | 507.85 |
| Net income | 24.95 | 45.30 | 156.34 | 67.54 |
| Margin (%) | 3.76 | 4.90 | 10.15 | 11.31 |
Fujiyama Solar IPO News
- Fujiyama Power RHP
- Fujiyama Power DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Fujiyama Power Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 0.87 | 1.61 | 5.56 | 5.10 |
| PE Ratio | – | – | 38.85 – 41.01 | 42.33 – 44.68 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 12.62 | 18.91 | 39.40 |
| NAV | 6.90 | 8.56 | 14.17 |
| ROCE (%) | 16.81 | 26.60 | 41.01 |
| EBITDA (%) | 7.77 | 10.67 | 16.13 |
| Debt/Equity | 1.09 | 0.84 | 0.87 |
Fujiyama Power IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Fujiyama Solar IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Part-financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh
- Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Fujiyama Power IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 73,42,591 | 56,31,945 | 1,31,41,204 | 2,31,481 | 2,63,47,221 |
| 17 Nov 2025 | 5.15 | 0.88 | 1.00 | 1.47 | 2.14 |
| 14 Nov 2025 | 0.81 | 0.10 | 0.28 | 0.61 | 0.40 |
| 13 Nov 2025 | 0.00 | 0.05 | 0.15 | 0.19 | 0.09 |
1,08,28,947 shares allotted to anchor investors are not included in these calculations.
Fujiyama Power – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Fujiyama Power | 44.68 | 5.10 | 39.40 | 14.17 | 1,540.68 |
| Waaree Energies | 49.04 | 67.96 | 20.09 | 334.00 | 14,444.50 |
| Premier Energies | 47.91 | 21.35 | 33.21 | 62.61 | 6,518.75 |
Fujiyama Power IPO Allotment Status
Fujiyama Power IPO allotment status is now available on MUFG Intime’s website. Click on this link to get the allotment status.
UTL Solar IPO Dates & Listing Performance
| IPO Opening Date | 13 November 2025 |
| IPO Closing Date | 17 November 2025 |
| Finalization of Basis of Allotment | 18 November 2025 |
| Initiation of refunds | 19 November 2025 |
| Transfer of shares to demat accounts | 19 November 2025 |
| Fujiyama Power IPO Listing Date | 20 November 2025 |
| Opening Price on NSE | INR 220 per share (down 3.51%) |
| Closing Price on NSE | INR 208.44 per share (down 8.58%) |
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Fujiyama Power Offer Lead Manager
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadev, Mumbai – 400 025
Telephone: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com
Fujiyama Power Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Fujiyama Power Contact Details
FUJIYAMA POWER SYSTEMS LIMITED
Plot No. 51-52, Sector Ecotech-1,
Ecotech extension-1, Greater Noida,
Gautam Buddha Nagar – 201310, Uttar Pradesh
Phone: +91 11 41055305
Email: [email protected]
Website: www.utlsolarfujiyama.com
Fujiyama Power IPO FAQs
How many shares in the Fujiyama Power IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Fujiyama Power Systems Public Offer?
The best way to apply for the Fujiyama Power public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Fujiyama Power IPO GMP today?
Fujiyama Power IPO GMP today is INR NA per share.
What is the Fujiyama Power Systems IPO kostak rate today?
Fujiyama Power kostak rate today is INR NA per application.
What is Fujiyama Power Subject to Sauda rate today?
Fujiyama Power Subject to Sauda rate today is INR NA per application.