Fujiyama Power Systems IPO: Uttar Pradesh’s company Fujiama Power Systems wants to raise money through IPO. For this, the company has re -filed draft papers near the capital market regulator SEBI. The IPO will have new equity shares worth Rs 600 crore. Also, there will be an offer for sale of 2 crore equity shares from the promoters. The company’s promoters Pawan Kumar Garg and Yogesh Dua will sell 1 crore equity shares at the OFS. Fujiama Power Systems is a roof top solar solutions provider. The company forms on-grid, off-grind and hybrid solar systems. Fujiama Power Systems provides many products including solar PCUs, solar off-grid, on-grid and hybrid inverters, solar panels, pulse vidth modulation charger and lithium-ion and tubular batteries. It has 3 manufacturing facilities. The company has reduced the size of the issue of new shares in the IPO by Rs 700 crore earlier. Motilal Oswal is the book running lead manager who takes out the investment advocates and SBI Capital Markets Public Issue. Earlier, Fujiama Power Systems filed a draft red herring prospectus near SEBI for IPO on December 28, 2024. However, it later withdrew its draft documents on 12 February 2025. The concerned news can be raised in the IPO round. 120 crore rupees can consider raising up to Rs 120 crore in the pre-IPO round. If this happens, the same amount will be reduced from the issue of new shares in the IPO. The company is going to start another solar inverter and lithium-ion battery line in the facility of Greater Noida to create a solar panel in Dadri, Uttar Pradesh. IPOS This Week: IPOS This Week: In starting from March 10, the IPO market will remain dull in the week, how will the ipo market be used only 3 new issues. To establish a manufacturing facility for solar panels and lithium-ion batteries, the IPO is planning to use up to Rs 180 crore out of the money received by issuing new shares. Apart from this, Rs 275 crore will be used to repay the loan. The rest of the money will be spent for normal corporate purposes. As of February 15, 2025, Fujiyama Power Systems had an outstanding borrowing of Rs 353.4 crore. Fujiama Power Systems recorded a profit of Rs 45.3 crore in FY 2024. This is 86 percent more than the profit of Rs 24.4 crore in the earlier financial year. The company’s revenue increased by 39.2 percent to Rs 924.7 crore in FY 2024, which was Rs 664 crore in FY 2023. In the period of April-September 2024, revenue was Rs 721.7 crore and profit was Rs 75.1 crore. ₹ 1.5 lakh crore IPO is ready, this year will be bigger than 2024: Rahul Saraf of CITI
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