Fujiyama Power Systems Refiles Draft Papers With SEBI For IPO

Fujiyama Power Systems Ltd., a prominent player in India’s rooftop solar sector, has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO). The offering comprises a fresh issue of shares worth up to ₹600 crore and an offer-for-sale of up to 2 crore shares by promoter shareholders. The funds raised will be utilised for establishing a new manufacturing facility in Ratlam, Madhya Pradesh, repaying certain borrowings, and general corporate purposes.

IPO Details and Market Participation

The IPO will follow a book-building process, allocating shares to qualified institutional buyers (QIBs), non-institutional bidders, and retail individual investors. Motilal Oswal Investment Advisors Ltd. and SBI Capital Markets Ltd. are the lead managers, while MUFG Intime India Pvt. Ltd. serves as the registrar. The shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Fujiyama Power Systems: Industry Presence and Capabilities

Fujiyama Power Systems is a key player in the Indian rooftop solar market, offering an extensive range of solar solutions, including panels, inverters, and batteries. The company operates three manufacturing facilities with in-house research and development capabilities. It is among the few Indian firms to have developed advanced technologies such as Online UPS with a single card, Combo UPS with automatic voltage regulation, high-frequency online UPS, and single-card surface mount technology inverters.

With a robust pan-India distribution network comprising over 480 distributors, 3,600 dealers, and 1,000 exclusive “Shoppe” franchisees, the company ensures customised solar solutions tailored to customer needs. Its trained workforce is adept at evaluating, planning, and supplying efficient solar energy systems.

Conclusion

Fujiyama Power Systems’ upcoming IPO marks a strategic move to bolster its manufacturing capabilities and expand its market presence. With its technological expertise, strong distribution network, and a growing demand for solar solutions, the company is well-positioned for future growth in India’s renewable energy sector.

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