Fujiyama Power Systems Limited is a leading manufacturer of products and solutions in the rooftop solar industry, operating under the well-known brand name 'UTL Solar'.
Here are the key details for its Initial Public Offering (IPO):
🚀 Fujiyama Power Systems (UTL Solar) IPO Details
| Feature | Details |
| IPO Open Date | November 13, 2025 (Thursday) |
| IPO Close Date | November 17, 2025 (Monday) |
| Price Band | ₹216 to ₹228 per equity share |
| Total Issue Size | ₹828 Crore |
| Issue Type | Fresh Issue (₹600 Cr) + Offer for Sale (OFS - ₹228 Cr) |
| Minimum Lot Size | 65 Shares |
| Minimum Investment | ₹14,820 (at the upper price band of ₹228) |
| Listing On | BSE & NSE |
| Tentative Allotment Date | November 18, 2025 |
| Tentative Listing Date | November 20, 2025 |
💰 Use of Net Proceeds (Fresh Issue)
The company plans to use the ₹600 crore from the Fresh Issue for:
Part-financing the cost of establishing a new manufacturing facility in Ratlam, Madhya Pradesh, for solar inverters, panels, and lithium-ion batteries.
Repayment and/or pre-payment of certain outstanding borrowings availed by the company.
General corporate purposes.
📊 Company Overview and Strengths
Market Position: It is a major player in the rooftop solar and power backup solutions segment, with strong brand recognition (UTL Solar).
Product Range: Offers a diversified portfolio of over 522 SKUs, including solar panels, inverters (on-grid, off-grid, and hybrid), lithium-ion and tubular batteries, and EV chargers.
Distribution Network: It has a robust pan-India network consisting of over 725 distributors, 5,500+ dealers, and 1,100 exclusive franchise outlets ("Shoppe" model).
Financial Growth (FY25): The company has shown strong financial performance, with Revenue soaring by about 67% and Profit After Tax (PAT) surging by about 245% year-on-year.
📈 Grey Market Premium (GMP)
As of today (November 12, 2025), the Grey Market Premium (GMP) for the Fujiyama Power Systems IPO is indicating a flat or very minimal listing premium. Please note that GMP is unofficial and highly volatile.