Fujiyama Power Systems IPO opens: Price band, GMP, allotment and listing dates
Fujiyama Power Systems IPO opened for subscription on November 13, 2025. The GMP stood at zero at the time of writing this article. The allotment of shares are expected on November 18, 2025.
New Delhi: Fujiyama Power Systems Ltd, a company that manufactures solar panels and batteries, launched its Rs 600 crore IPO for public subscription on November 13, 2025, Thursday. The issue will be open till 17th November.
Fujiyama Power Systems IPO, a book build issue of Rs 828 crore, is a combination of fresh issue of 2.63 crore shares aggregating to Rs 600 crore and offer for sale of 1 crore shares aggregating to Rs 228 crore.
The price band of this mainboard IPO of Fujiyama Power Systems has been fixed in the range of Rs 216 to Rs 228 per share.
Fujiyama Power Systems IPO GMP
The Fujiyama Power Systems IPO has not created any buzz in the grey market. If you are thinking of betting on it, then know the details about the IPO and the company.
At present, the market seems to be less enthusiastic about this issue. According to Investorgen, the GMP of Fujiyama Power Systems stood at 0 till the morning of 13th November, which means no premium or discount is expected at the time of listing. Its expected listing price could be around Rs 228 in its price band.
50% of Fujiyama Power Systems IPO is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors and 15% for Non-Institutional Investors (NIIs).
The lot size of the IPO is 65 shares. That means the retail investor will have to invest at least Rs 14,820 (at the upper price band of Rs 228 per share). At the same time, a maximum of 13 lots (Rs 1,92,660) can be applied.
Motilal Oswal Investment Advisors Ltd is the book running lead manager of the issue, while MUFG Intime India Pvt. Ltd. is the registrar.
Fujiyama Power Systems IPO allotment, listing
- Fujiyama Power Systems IPO expected allotment: November 18
- Initiation of Refunds process to kickstart on 19th November
- The shares will be credited to the demat account of eligible shareholders on November 19
- The shares likely to be listed on November 20
Financials of Fujiyama Power Systems
Fujiyama Power Systems' profits have risen sharply in recent years. In FY23, the company had made a profit of Rs 24.37 crore, which reached Rs 45.30 crore in FY24 and Rs 156.34 crore in FY25. Similarly, the company's revenue was Rs 664.08 crore in FY23, which increased to Rs 924.69 crore in FY24 and Rs 1,540.68 crore in FY25.
In the first quarter (April-June) of 2025, the company registered revenue of Rs 597.35 crore and a profit of Rs 67.59 crore. The company's objective is to use the money raised from this IPO to set up new manufacturing units, repay some debts and general corporate needs.
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