
Fujiyama Power Systems IPO Subscription Day 1: Check Online
Posted by : sachet | Thu Nov 13 2025

Check Expert’s Verdicts on Fujiyama Power Systems IPO.
Here is the Fujiyama Power Systems IPO launched on 13th November 2025. Bidding for the issue will close on 17th November 2025. The primary aim of the Fujiyama Power Systems IPO is to raise ₹ 828 crore from the market. Additionally, the Fujiyama Power Systems IPO has received an impressive level of subscription, indicating that the shares will likely be listed at a premium. Scroll down to check the Fujiyama Power Systems IPO subscription and details.
Fujiyama Power Systems IPO Details
| IPO Open Date | 13th November 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹216 to ₹228 per share |
| Lot Size | 65 shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| IPO Close Date | 17th November 2025 |
| Listing Date | 20th November 2025 |
The price band for the Fujiyama Power Systems IPO has been prescribed at ₹103 to ₹109 per share, with a total of 31,92,66,055 shares issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % Shares Offered |
| QIB Shares Offered | 1,80,48,245 | 49.10% |
| NII (HNI) Shares Offered | 54,14,474 | 14.91% |
| Retail Investors | 1,26,33,772 | 34.79% |
| Employee Shares Offered | 2,19,298 | 0.60% |
| Total Shares Offered | 3,63,15,789 | 100.00% |
Fujiyama Power Systems IPO Subscription Status
As of now, the Fujiyama Power Systems IPO has been subscribed to 0.08 times. Of these, 0.14 times are subscribed by retail investors, 0.04 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of the Fujiyama Power Systems IPO, scheduled for listing on 20th November 2025. Fujiyama Power Systems IPO also has a positive outlook, with the fresh issue of 2.63 crore shares to raise around Rs 828 crores.
Fujiyama Power Systems IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Fujiyama Power Systems IPO GMP for 13th November 2025.
The grey market premium for this IPO is 0.00% or Rs 0 per share. It indicates that the estimated listing price per share is Rs 228. Numerous factors played a pivotal role in the jump in Fujiyama Power Systems IPO GMP. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 13-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
| 12-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
| 11-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
| 10-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
| 9-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
| 8-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
| 7-11-2025 | ₹228.00 | ₹0.00 | ₹228.00 | 0.00% |
About Fujiyama Power Systems Ltd.
Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems. The company has designed an extensive product portfolio of over 522 SKUs, including solar inverters, panels, and batteries, to reduce customer reliance on alternative OEMs.
The company offers a wide range of products, including solar PCUs, off-grid, on-grid, and hybrid inverters, solar panels, PWM chargers, other battery chargers, lithium-ion and tubular batteries, online and offline UPS systems, solar management units, and charge controllers.
- Quality-centric and precision-driven large-scale manufacturing infrastructure driving production efficiency.
- Robust distribution network and post-sale service capabilities are driving strong brand recognition.
- Track record of technological development and product innovation.
- Diverse solar products establish the company as a leader in the rooftop solar industry.
- Experienced Promoters, Senior Management and a committed employee base.
Fujiyama Power Systems Limited Financials
The company’s financial analysis is essential before applying for Fujiyama Power Systems Limited’s IPO. Refer to the table to learn about Fujiyama Power Systems Limited’s financial information.
| Year Ended | 30th June 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 1,243.88 | 1,013.96 | 609.64 | 514.56 |
| Revenue | 597.79 | 1,550.09 | 927.20 | 665.33 |
| Profit After Tax | 67.59 | 156.34 | 45.30 | 24.37 |
| EBITDA | 105.89 | 248.52 | 98.64 | 51.60 |
| Net Worth | 465.34 | 396.82 | 239.54 | 193.08 |
| Reserve and Surplus | 436.33 | 368.81 | 215.00 | 70.55 |
| Total Borrowing | 432.83 | 346.22 | 200.19 | 211.14 |
Explanation
Fujiyama Power Systems Limited’s revenue increased by 67% from ₹927.90 crore in March 2024 to ₹1,550.09 crore in March 2025. Moreover, the company’s PAT increased by 245% from ₹45.30 crores to ₹156.34 crores. Investors can analyse other relevant factors and make a decision accordingly.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Fujiyama Power Systems IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 40.85 |
| EPS (Earnings Per Share) | 5.58 |
| RoNW | 39.40% |
| ROCE | 41.01% |
| ROE | 39.40% |
| EBITDA Margin | 16.13% |
| Price to Book Value | 16.06 |
| Market Capitalisation | ₹6,986.17 Cr |
Fujiyama Power Systems IPO Listing Expectations
Fujiyama Power Systems IPO Highlights: IPO allotment is still pending, as the bid closes today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 0.00% jump in the GMP of Fujiyama Power Systems’s IPO suggests that the estimated listing price per share will be around Rs 0.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Fujiyama Power Systems IPO Dates
| IPO Open Date | 13th November 2025 |
| IPO Close Date | 17th November 2025 |
| Allotment | 17th November 2025 |
| Refund Date | 18th November 2025 |
| IPO Listing Date | 20th November 2025 |
Note: IPO GMP is volatile, driven by market sentiment. Hence, one should conduct their research before investing in it.
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