Fujiyama Power Systems Ltd, a leading manufacturer of rooftop solar systems, inverters, and batteries, is set to open its Initial Public Offering (IPO) on November 13, 2025, aiming to raise around ₹828 crore. The public issue comprises a fresh share issue worth ₹600 crore and an offer for sale (OFS) of nearly ₹228 crore by existing shareholders.

The company has fixed the price band for the IPO between ₹216 and ₹228 per equity share, with the shares proposed to be listed on both the BSE and NSE. The offering will be open for subscription until November 15, with the proceeds from the fresh issue planned for manufacturing expansion, debt repayment, and general corporate purposes.

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Fujiyama Power Systems, which operates primarily in the clean energy sector, has been expanding its presence through innovative solar and battery solutions catering to both residential and commercial markets. The company’s strategic focus on renewable energy aligns with India’s broader mission of accelerating clean energy adoption and self-reliance in power technology.

Financially, the company reported a revenue of ₹1,540.7 crore and a net profit of ₹156.3 crore for the fiscal year ending March 2025, showcasing strong year-on-year growth and operational efficiency ahead of its market debut.

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