Fujiyama Power Systems Ltd. IPO
Fujiyama Power Systems Limited is a leading Indian manufacturer and solution provider in the rooftop solar industry. The company offers a comprehensive range of solar energy products and services, including on-grid, off-grid, and hybrid solar systems, supported by strong in-house R&D, large-scale manufacturing, and a nationwide distribution network. Its brands ‘UTL Solar’ (with a legacy of 29 years) and ‘Fujiyama Solar’ are widely recognized in the renewable energy sector for innovation, reliability, and value.
Given its wide product range, R&D focus, robust brand equity, and pan-India reach, Fujiyama Power Systems is well-positioned to capture upcoming opportunities in India’s rapidly expanding rooftop solar sector.
Business Operations
Fujiyama Power Systems designs, develops, and manufactures solar inverters, panels, and batteries—both lead-acid and lithium-ion—forming a complete product ecosystem in the rooftop solar segment.
The company’s offerings include:
i) Solar PCUs and hybrid inverters
ii) On-grid, off-grid, and hybrid solar systems
iii) Lithium-ion and tubular batteries
iv) Solar panels and chargers
v) PWM and MPPT charge controllers
vi) EV chargers for three-wheelers
Its extensive portfolio of 522+ SKUs allows customers to access end-to-end solar solutions from a single source.
Manufacturing Capabilities
Fujiyama Power Systems operates four advanced manufacturing facilities across India with ISO-certified processes for quality, environment, and safety:
1. Greater Noida, Uttar Pradesh – Primary facility for solar panels, inverters, UPS, chargers, and lithium-ion batteries.
2. Parwanoo, Himachal Pradesh – Specializes in PCUs and UPS manufacturing.
3. Bawal, Haryana – Produces tubular batteries and solar panels.
4. Dadri, Uttar Pradesh – New facility operational since March 2025.
Distribution and Service Network
Fujiyama Power Systems has built one of India’s most extensive solar distribution networks comprising:
i) 725 distributors
ii) 5,546 dealers
iii) 1,100 exclusive UTL “Shoppe” franchisees
iv) 602 qualified service engineers
The “Shoppe” model allows franchisees to display, educate, and sell products directly to end customers, ensuring accessibility and consistent post-sale support.
In addition to its strong domestic base, the company exports to the USA, Bangladesh, and the UAE, contributing up to 4–5% of annual revenues.
Objects of the Fujiyama Power Systems Ltd. IPO:
Fujiyama Power Systems Ltd. IPO Details:
| Open Date: | Nov 13 2025 |
| Close Date: | Nov 17 2025 |
| Face Value: | ₹ 1 Per Equity Share |
| Issue Size: | 600 Cr. |
| Listing At: | NSE,BSE |
| Listing Date: | Nov 20 2025 |
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