Summary of this article
Fujiyama Power Systems IPO has been booked 68 per cent so far.
Fujiyama Power Systems IPO GMP is nil on the third day of bidding.
Fujiyama Power Systems IPO share allotment status will be finalised on November 18
Fujiyama Power Systems IPO GMP Today: The subscription window of Fujiyama Power Systems IPO opened earlier last week, on November 13. The solar power component maker’s public issue is scheduled to close for subscription today, on November 17. Fujiyama Power Systems IPO has been booked 68 per cent on the final day of subscription, at the time of writing. The grey market premium (GMP) for shares of Fujiyama Power Systems Ltd remained nil on November 17.
Fujiyama Power Systems IPO: Subscription On Day 3
Fujiyama Power Systems IPO has received bids for over 17.95 million shares so far against the 26.34 million shares offered for subscription, leading to the issue being booked 68 per cent.
The demand for the solar energy component maker’s shares remained tepid on November 17, the final day of the subscription period. Fujiyama Power Systems' IPO was booked 1.32 times by qualified institutional buyers (QIBs). QIBs applied for 9.68 million shares compared to the 7.34 million shares set aside for the category.
Non-institutional investors (NIIs) applied for 1.38 million shares compared to the 5.63 million shares reserved for the category. NIIs have booked their quota of 25 per cent so far.
Retail investors applied for 6.64 million shares compared to the 13.14 million shares offered for subscription to them. Retail investors booked their quota in Fujiyama Power Systems IPO, 51 per cent.
Employees of the solar energy component maker booked their quota 1.07 times by applying for 2,47,195 shares compared to the 2,31,481 shares reserved for them.
Fujiyama Power Systems IPO GMP
Fujiyama Power Systems' IPO grey market premium (GMP) remained nil as per several websites that track the demand for unlisted shares on the grey market. GMP remaining nil indicates a neutral demand for the company’s shares in the unofficial grey market. A nil grey market premium suggests that shares are expected to list at the issue price of Rs 228 per share without any premium.
Fujiyama Power Systems IPO Issue Size and Price Band
Fujiyama Power Systems Ltd seeks to raise Rs 828 crore from its public issue. The solar component maker’s issue size consists of a fresh issuance of 26.3 million shares aggregating to Rs 600 crore and an offer for sale of 10 million shares aggregating to Rs 228 crore. The price band for the public issue was set at Rs 216 to Rs 228 per share, and the lot size was fixed at 65 shares. The minimum amount for application for retail investors was fixed at Rs 14,820.
Fujiyama Power Systems IPO: Subscription Dates and Listing Date
Fujiyama Power Systems' IPO share allotment status will be announced on November 18. Subsequently, Fujiyama Power Systems Ltd will issue refunds for unsuccessful applicants on November 19. Fujiyama Power Systems Ltd shares are scheduled to list on the bourses on November 20.
Fujiyama Power Systems: Financials
Fujiyama Power Systems posted a total income of Rs 597.79 crore in the June quarter of FY 2025-26. In the quarter under review, the solar component maker’s net profit and net worth stood at Rs 67.59 crore and Rs 464.34 crore, respectively.
In FY25, the company posted a total income of Rs 1550.0,9, increasing by over 67 per cent from Rs 927.2 crore in the preceding fiscal. The rooftop solar company’s net profit for FY25 stood at Rs 156.34 crore, growing by over 245 per cent from Rs 45.3 crore in the preceding fiscal. The net worth of the company surged by more than 65 per cent to Rs 396.82 crore in FY25 compared to Rs 239.54 crore in FY24.
Fujiyama Power Systems IPO: Registrar
Fujiyama Power Systems' IPO’s book running lead manager is Motilal Oswal Investment Advisors Ltd, and the registrar for the solar component maker’s issue is MUFG Intime India Pvt.Ltd.
Fujiyama Power Systems: Promoters
The promoters of Fujiyama Power Systems include Pawan Kumar Garg, Yogesh Dua, and Sunil Kumar. Promoters of the solar component maker held 99.67 per cent stake in the company prior to the public issue. The shareholding of the promoters will reduce to 87.88 per cent after the issue.
Fujiyama Power Systems IPO: Objective
Fujiyama Power Systems Ltd mentioned in its red herring prospectus (RHP) that it plans to use the money raised via the public issue for financing the cost of establishing its manufacturing facility in Ratlam, Madhya Pradesh, India. The proceeds will also be used to repay a portion of certain outstanding borrowings availed by the company and for fulfilling general corporate purposes.
About Fujiyama Power Systems
Fujiyama Power Systems Ltd is a manufacturer of products that are used in the rooftop solar industry and for designing on-grid, off-grid, and hybrid solar systems. The product portfolio of Fujiyama Power Systems includes 522 stock-keeping units (SKUs) such as solar inverters, panels, and batteries. The company has a distribution network comprising 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees.
