💥 Upcoming IPO: Fujiyama Power Systems Ltd (UTL Solar) 🇮🇳
📅 IPO Timeline
🔹 Opens: 13 Nov 2025
🔹 Closes: 17 Nov 2025
🔹 Expected Listing: 20 Nov 2025 on NSE & BSE
💰 Issue Details
🔹 Total Issue Size: ₹828 crore
🔹 Price Band: ₹216 – ₹228 per share
🔹 Lot Size: 65 shares (💵 Minimum ₹14,820 for one lot)
🔹 Type: Fresh Issue + Offer for Sale
🏭 Company Overview
Fujiyama Power Systems (brand: UTL Solar) is a leading player in rooftop solar energy solutions ☀️ — making on-grid, off-grid, and hybrid solar systems.
📊 Revenue Growth
📈 FY23: ₹664 crore
📈 FY24: ₹925 crore
📈 FY25: ₹1,540 crore
💵 Net Profit
💹 FY23: ₹24 crore
💹 FY24: ₹45 crore
💹 FY25: ₹156 crore
🎯 Use of IPO Funds
1️⃣ Build new manufacturing unit in Ratlam, Madhya Pradesh 🏗️ (₹180 crore)
2️⃣ Repay loans & reduce debt 💳 (₹275 crore)
3️⃣ General corporate purposes 🧾
🌟 Strengths
✅ Strong presence in India’s booming solar energy market ☀️
✅ Consistent revenue & profit growth 📈
✅ Diverse product line (panels, inverters, batteries) ⚡
⚠️ Risks
❗ Dependence on imported raw materials (especially from China) 📦
❗ Geographic concentration — higher exposure in North India 🗺️
❗ Rising competition in the solar manufacturing sector ⚙️
🧠 Investor View
👉 Ideal for long-term investors bullish on India’s renewable energy growth 🌿
👉 Valuation looks fair considering strong revenue growth & solar demand 🔆
👉 Keep an eye on global supply chain and policy moves ⚖️
