IPO alert: Fujiyama Power Systems to raise ₹828 crore
Fujiyama Power Systems, a big name in rooftop solar tech, just opened its IPO this week.
The company is looking to raise ₹828 crore, with shares priced between ₹216-228 and a minimum lot of 65 shares.
The offer closes Monday, November 17, and the stock should hit NSE and BSE on November 20.
The company is helping bring solar power to more homes
Fujiyama makes solar inverters, hybrid systems, lithium-ion batteries, and more under its UTL Solar and Fujiyama Solar brands.
With four factories across India and a wide dealer network (725 distributors and over 5,500 dealers), it's helping bring solar power to more homes.
Revenue has jumped significantly in the last 2 years
The IPO includes a fresh issue of ₹600 crore plus an offer-for-sale of ₹228 crore.
Shares are split between institutional investors (50%), non-institutional investors (35%), and retail buyers (15%).
Anchor investors have already picked up over 1 crore shares at the top price band.
The funds raised will help build a new manufacturing facility and pay off some loans.
Plus, the company's revenue has jumped from ₹664 crore in FY23 to over ₹1,500 crore in FY25—a sign things are looking up.