1. Completed
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Mainboard issue. Listed.
Source: IPO Guru Pro
Company information, issue size, price band, lot size, minimum investment, and the dates published for this issue.
Fujiyama Power Systems Limited, originally incorporated as a private limited company on November 29, 2017, traces its roots to 1996 when its promoter Pawan Kumar Garg established a sole proprietorship named UTL Electronics. In 2008, promoters Pawan Kumar Garg and Yogesh Dua formed a partnership firm under the name Fujiyama Power Systems, pioneering high-frequency online UPS and inverters in India, followed by expansions into solar PCUs in 2012 and online solar PCUs in 2014. The company acquired the partnership's business via slump sale in 2018 and has since scaled manufacturing capacities across facilities in Greater Noida, Bawal, Parwanoo, and the newly commissioned Dadri unit, achieving milestones like supplying Bharat Net Phase 1 in 2016 and growing its franchise network to over 1,000 Shoppe outlets by 2023. The company specializes in rooftop solar systems and power backup solutions, offering an extensive portfolio of over 522 SKUs including on-grid, off-grid, and hybrid inverters, solar panels, lithium-ion and tubular batteries, UPS systems, charge controllers, and EV chargers. Its integrated business model provides end-to-end solutions—from manufacturing to installation and after-sales support—through a pan-India network of 670+ distributors, 5,100+ dealers, and 600+ service engineers, minimizing customer reliance on third-party OEMs. This B2B and B2C approach emphasizes R&D-driven innovation in power electronics to serve residential, commercial, and industrial segments amid rising renewable energy demand
Current premium in rupees, the derived percentage, and the indicative price. History shows observed readings only. A missing premium is unavailable, not ₹0.
Grey Market Premium (GMP) is an unofficial market indicator and is not published by stock exchanges. Estimated listing values are illustrative, may change, and should not be considered a forecast or investment recommendation.
Indicative only. A GMP-implied price is not a guaranteed listing price.
No daily GMP history is loaded. Missing days are left blank and are not plotted as zero.
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Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:45 PM IST.
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Last updated: Unavailable
Last updated: Unavailable
Source: IPO Guru Pro Data by IPO Guru
History retrieved: 05 Nov 2026, 5:45 PM IST
No day-wise subscription history is loaded. Missing days are left blank and are not plotted as zero.
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:45 PM IST.
Revenue and profit are in rupees for each reporting period. Assets, liabilities, and ratios use the source unit when the statement includes them. Missing figures stay blank.
| Metric (Rs. Crore) | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 597.79 | 1,550.09 | 927.20 |
| OPM % | — | 16.1 | 10.7 |
| EBITDA | 105.89 | 248.52 | 98.64 |
| Net Profit |
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This is the actual change from the issue price to the listing price. It is separate from the unofficial GMP estimate. A missing price stays unavailable.
RHP, DRHP, and other links that passed the official address check. Unverified addresses are left out.
Data by IPO Guru · Updated
Fujiyama Power Systems is launching its IPO to raise funds for business expansion and working capital needs. The company is engaged in manufacturing and supplying power backup and energy solutions such as inverters, batteries, and solar products. With growing demand for renewable energy and power solutions in India, the IPO aims to strengthen its market presence and improve production capacity for future growth.
Pawan Kumar Garg, Sunil Kumar, Yogesh Dua
1. Completed
2. Completed
3. Completed
4. Completed
Refund
Demat credit
No intraday GMP history is loaded. Missing slots are not filled in.
High unavailable · Low unavailable
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:45 PM IST.
| 67.59 |
| 156.34 |
| 45.30 |
| Debt | 432.83 | 346.22 | 200.19 |
| Assets | 1,243.88 | 1,013.96 | 609.64 |