Fujiyama Power Systems IPO opens November 13: Key details
Fujiyama Power Systems is launching its IPO with shares priced between ₹216-228.
The offer opens November 13 and closes November 17, aiming to raise ₹600 crore through a fresh issue of shares, along with an additional offer-for-sale of 1 crore shares by the founders.
The company makes solar panels and rooftop systems
Based in Delhi NCR, Fujiyama makes rooftop solar systems and panels under its UTL Solar and Fujiyama Solar brands.
With factories in Parwanoo, Greater Noida, and Bawal—and a new one planned for Ratlam, with further expansion in Dadri—they supply clean energy solutions to homes, businesses, and industries across India.
IPO offer details
Allotments will be finalized by November 18; refunds and share credits go out on November 19.
Shares are expected to list on BSE and NSE by November 20.
Half the shares are set aside for big investors, while regular folks get at least 35%. Employees have a special reservation too.
About ₹180 crore from the IPO will help build a new plant for solar gear in Ratlam; the rest goes toward loans and general needs.