Upcoming IPO: Fujiyama Power Systems refiles DRHP with SEBI to raise funds via fresh issue, OFS

Table of Content


Greater-Noida-based Fujiyama Power Systems has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The IPO is a combination of a fresh issue of equity shares worth up to 700 crore and an offer-for-sale (OFS) of up to 2 crore shares by promoters, according to Draft Red Herring Prospectus (DRHP) filed on December 28.

Under the OFS, one crore equity shares each will be offloaded by Pawan Kumar Garg and Yogesh Dua.

The company may consider raising 140 crore through a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced.

The net proceeds from the fresh issue are proposed to be utilised by the company towards financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, repayment of debt, and general corporate purposes.

Fujiyama Power Systems is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company has built a brand recall and reputation in the industry through its brands ‘UTL Solar’, which has a legacy of 28 years, and Fujiyama Solar.

It has developed three manufacturing facilities and R&D capabilities domestically, with a consistent focus on technological development and product innovation.

In the last three financial years and six months ended September 30, 2024, Fujiyama Power Systems have sold 12.25 lakh solar panels (458.14 MW), 6.31 lakh solar inverters (1,065.83 MW), and 8.52 lakh batteries (1,672.17 MWh).

The firm is also in the process of developing a new facility for manufacturing solar panels in Dadri, Uttar Pradesh and installing another inverter line at its Greater Noida facility.

For the six months ended September, Fujiyama clocked a net profit of 75.1 crore against revenue of 721.7 crore.

Motilal Oswal Investment Advisors Ltd and SBI Capital Markets Ltd are the book-running lead managers, while Link Intime India Pvt Ltd is the registrar of the issue.

The shares of the company are proposed to be listed on the National Stock Exchange (NSE) and BSE.



Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Budget 2025 lands softly—markets hesitate as capex slows

More concerning is this has been tagged as a “structural slowdown,” caused by slowing government capital expenditure, weak manufacturing, sluggish exports, and lacklustre private investment. Read this | Budget to offer blueprint of reforms under Modi 3.0 Naturally, expectations from the budget were sky-high, and the markets reflected this optimism, with the Nifty 50 breaching...

China is reportedly keeping DeepSeek under close watch

China appears to think homegrown AI startup DeepSeek could become a notable tech success story for the country.  After DeepSeek’s sudden rise to fame in January with the release of its open “reasoning” model, R1, the company is now operating under new, tighter government-influenced restrictions, according to The Information. Some of the company’s employees have...

In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

As US president Donald Trump threatens to impose reciprocal tariffs on its trading partners, potentially upending global commerce, India has placed a significant emphasis on invigorating manufacturing and exports while also opening up the domestic market. As part of the customs duty rejig, the government lowered import tax on a range of products such as...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com