Fujiyama Power Systems ipo date, Share Price Target Tomorrow, 2025, 2026, 2030
Fujiyama Power Systems is an Indian company that works in rooftop solar and clean energy. It makes easy-to-use solar products for homes, shops, and businesses. The company designs and builds many items like solar panels, solar inverters, power units, and both lead-acid and lithium-ion batteries. It also makes UPS systems, charge controllers, and chargers for electric three-wheelers. It sells all its products under the brands UTL Solar and Fujiyama Solar and works like a one-stop shop for customers. It has a big network of dealers and distributors across India and also runs Solar Shoppe outlets. The company has several factories in North India and a research team that creates new and better solar technology.
- 1 What is Fujiyama Power Systems Ltd IPO?
- 2 Fujiyama Power Systems IPO Details
- 3 Fujiyama Power Systems Share Price Target Tomorrow (Listing day price)
- 4 Fujiyama Power Systems Share Price Target 2025
- 5 Fujiyama Power Systems share price Target 2026
- 6 Share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 Fujiyama Power Systems share price Target 2030
- 10 Share price Target 2040
- 11 Share Price Target 2050
- 12 Should I buy Fujiyama Power Systems stock?
- 13 Fujiyama Power Systems earnings results (Financials)
- 14 Is Fujiyama Power Systems stock good to buy? (bull case & bear case)
- 15 Fujiyama Power Systems IPO Promoter Holding
- 16 Objects of the Issue (Fujiyama Power Systems IPO Objectives)
- 17 Fujiyama Power Systems ipo gmp
- 18 Conclusion
- 19 FAQs
What is Fujiyama Power Systems Ltd IPO?
Fujiyama Power Systems, established in 1996, became a private company in 2017. The company is situated in Delhi, and it is led by Pawan Kumar Garg and Yogesh Dua. It is an Indian company that makes simple and useful solar products like solar panels, solar inverters, lithium batteries, and UPS systems. The company has many shops and dealers across India, its own factories, and a team that works on new solar technology. It offers more than 500 types of products and is growing fast because more people in India are using solar power.
Fujiyama Power Systems IPO Details
| IPO Date | November 13, 2025 to November 17, 2025 |
| Listing Date | 20 Nov 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹216 to ₹228 per share |
| Minimum Investment | ₹14040 |
| Lot Size | 65 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 40,36,04,309 shares |
| Share Holding Post Issue | 40,36,04,309 shares |
It has been doing very well in the last few years, with sales and profits growing steadily. The company makes good use of its money and resources, earning strong returns for its owners. Its financial health is solid, with enough assets and manageable debt, and it generates steady cash from its business. This shows the company can run smoothly and keep making profits. Overall, it is strong, reliable, and well placed to grow as more people and businesses in India adopt solar and clean energy solutions.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
| Tomorrow | -26 | +67 |
At the start, this company was called UTL Solar; later, it changed its name. It is a well-known Indian company that makes power backup products and rooftop solar systems. The company started from UTL Electronics and slowly grew into a trusted name in the solar industry. Today, it makes inverters, UPS systems, and complete solar setups for homes and businesses. The company focuses on making products that are reliable, easy to use, and helpful for clean energy. In 2025, its share price target would be ₹374, as per stock market analysts.
According to stock market analysts, its share price would be between ₹170 to ₹374 in 2025.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 170 | 374 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| November | 170 | 258 |
| December | 220 | 374 |
The company has several factories in India where it makes most of its products. These factories help the company check quality properly and make products faster whenever demand increases. They have four manufacturing units, which allows them to produce almost everything on their own without depending too much on outside suppliers. This helps in reducing cost, improving quality, and bringing new products quickly. In 2026, its share price target would be ₹, as per stock market analysts.
According to stock market analysts, its share price would be between ₹ to ₹ in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 442 | 775 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 290 | 400 |
| February | 325 | 434 |
| March | 347 | 475 |
| April | 350 | 489 |
| May | 368 | 510 |
| June | 384 | 532 |
| July | 411 | 558 |
| August | 425 | 568 |
| September | 452 | 588 |
| October | 475 | 632 |
| November | 488 | 687 |
| December | 590 | 775 |
The company makes many solar panels for different types of customers. One of their top products is the UTL 500 W bi-facial N-Type TOPCon solar panel. This panel is very efficient and strong because it uses dual-glass technology. It works well even when the sunlight is low and stays stable for many years. This makes it a good choice for both on-grid and off-grid homes. High efficiency and strong materials help users get more solar power over a long time with very little maintenance. In 2027, its share price target would be ₹1339, as per stock market analysts.
According to stock market analysts, its share price would be between ₹700 to ₹1339 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 700 | 1339 |
The company uses the N-Type TOPCon technology in its solar panels, which is one of the latest and most advanced technologies in solar. It helps reduce energy losses, increases performance when sunlight is weak, and slows down the ageing of the panel. The solar panels keep producing good power for many years. This technology is useful for people who want a long-lasting solar system that gives steady output. In 2028, its share price target would be ₹1872, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1300 to ₹1872 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1300 | 1872 |
Its solar panels are made to work well even in harsh weather. Their 540 W mono-PERC panels can handle strong winds and heavy snow without getting damaged. These panels also lose their power very slowly, about 2% in the first year and only around 0.55% every year after that. This slow power loss means the panels will keep giving good electricity for many years. In a country like India, where there is strong heat, dust, and storms, such durable panels are very helpful. In 2029, its share price target would be ₹2411, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1800 to ₹2411 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1800 | 2411 |
It also makes on-grid inverters, which are used in solar systems that are connected to the electricity grid. These inverters convert the DC power from solar panels into AC power that we use at home. Their on-grid inverters start working even at low sunlight, have high MPPT efficiency, and let users control how much power they want to send back to the grid. They also have surge protection and can handle high temperatures, making them safe and dependable for daily use. These inverters are designed to perform well in all weather and power conditions. In 2030, its share price target would be ₹2990, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2378 to ₹2990 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 2378 | 2990 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2378 | 2535 |
| February | 2441 | 2578 |
| March | 2474 | 2632 |
| April | 2490 | 2674 |
| May | 2532 | 2700 |
| June | 2558 | 2735 |
| July | 2584 | 2768 |
| August | 2630 | 2790 |
| September | 2657 | 2833 |
| October | 2678 | 2857 |
| November | 2700 | 2925 |
| December | 2784 | 2990 |
The company also offers a 40 W mono PERC solar panel for small solar needs. These panels are useful for small solar lights, DC fans, and small charging setups. Even though they are small in size, they are built strongly using half-cut cells and multi-busbar technology. They also degrade very slowly and come with a long performance warranty of 27 years. This makes them a trustworthy option for people who want simple and long-lasting solar solutions for small applications. In 2040, its share price target would be ₹6745, as per stock market analysts.
According to stock market analysts, its share price would be between ₹6221 to ₹6745 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 6221 | 6745 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 6221 | 6358 |
| February | 6257 | 6385 |
| March | 6280 | 6400 |
| April | 6300 | 6435 |
| May | 6332 | 6480 |
| June | 6358 | 6523 |
| July | 6370 | 6578 |
| August | 6414 | 6600 |
| September | 6457 | 6647 |
| October | 6480 | 6680 |
| November | 6558 | 6725 |
| December | 6590 | 6745 |
The company has more than 24 years of experience in India’s power industry, which shows its reliability and strong background. They offer more than 500 different products and have multiple factories and a skilled R&D team. It is in a strong position to grow even faster with India’s growing interest in clean and renewable energy. The company aims to support more customers and help India move forward with safe, clean, and affordable solar energy. In 2050, its share price target would be ₹11574, as per stock market analysts.
According to stock market analysts, its share price would be between ₹10189 to ₹11574 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 10189 | 11574 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 10189 | 10447 |
| February | 10384 | 10490 |
| March | 10400 | 10535 |
| April | 10422 | 10578 |
| May | 10447 | 10635 |
| June | 10482 | 10674 |
| July | 10500 | 10725 |
| August | 10547 | 10889 |
| September | 10674 | 11000 |
| October | 10841 | 11147 |
| November | 10992 | 11328 |
| December | 11258 | 11574 |
Should I buy Fujiyama Power Systems stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 170 | 374 |
| 2026 | 442 | 775 |
| 2027 | 700 | 1339 |
| 2028 | 1300 | 1872 |
| 2029 | 1800 | 2411 |
| 2030 | 2378 | 2990 |
| 2040 | 6221 | 6745 |
| 2050 | 10189 | 11574 |
As the company works in green and clean energy, it has very good chances for the future. Fujiyama Power Systems makes solar panels, inverters, and batteries, and more people in India are choosing solar power every year, which can support strong growth for the company. The demand for rooftop solar systems, home inverters, and reliable power backup is rising across the country, and its wide range of products helps it reach many types of customers. The company has good financials and has the potential to grow further.
Fujiyama Power Systems earnings results (Financials)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
| Sales + | 299 | 405 | 506 | 664 | 925 | 1,541 |
| Expenses + | 272 | 367 | 461 | 612 | 826 | 1,292 |
| Operating Profit | 28 | 38 | 45 | 52 | 99 | 249 |
| OPM % | 9% | 9% | 9% | 8% | 11% | 16% |
| Other Income + | 3 | 3 | 1 | 1 | 3 | 9 |
| Interest | 2 | 2 | 5 | 16 | 26 | 27 |
| Depreciation | 13 | 13 | 1 | 6 | 13 | 18 |
| Profit before tax | 15 | 26 | 40 | 31 | 63 | 213 |
| Tax % | 29% | 25% | 28% | 23% | 28% | 27% |
| Net Profit + | 11 | 20 | 29 | 24 | 45 | 156 |
| EPS in Rs | — | — | — | — | — | — |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Is Fujiyama Power Systems stock good to buy? (bull case & bear case)
Bull Case:
- The company’s revenue grew from ₹664 crore in FY23 to ₹1,540 crore in FY25, showing strong growth in just two years.
- Its profit after tax (PAT) increased to around ₹78–80 crore in FY25, which is a big jump compared to earlier years.
- It has an ROE (Return on Equity) of about 39–40%, which means it gives high returns for every rupee invested.
- It is expanding by building a new manufacturing plant in Ratlam, Madhya Pradesh, which can increase production of solar panels, inverters, and batteries.
- The company has a strong product range with 500+ products (SKUs), covering solar panels, lithium batteries, inverters, and backup systems.
- India’s rooftop solar market is growing fast, and with more than 24 years of industry experience, Fujiyama is well-placed to benefit from this rising demand.
Bear Case:
- About 90–92% of raw materials (like solar cells) are imported from China, which makes the company dependent on foreign suppliers.
- The company still has a decent amount of debt, and if its sales slow down, paying interest could become harder.
- A large part of its sales comes from a few states, which means demand changes in those states can affect overall revenue.
- Rising competition from bigger brands like Tata Power Solar, Loom Solar, Vikram Solar, and Waaree could reduce market share or profit margins over time.
Fujiyama Power Systems IPO Promoter Holding
The promoters of the Company are Pawan Kumar Garg, Yogesh Dua and Sunil Kumar.
| Promoter Holding Pre Issue | 99.67% |
| Promoter Holding Post Issue | 87.88% |
Objects of the Issue (Fujiyama Power Systems IPO Objectives)
- The company will use ₹180 crore to help build a new manufacturing plant in Ratlam, Madhya Pradesh.
- The company will use ₹275 crore to repay or prepay some of its existing loans.
- The remaining money will be used for general corporate purposes.
Fujiyama Power Systems ipo gmp
| Date | IPO GMP | GMP Trend | Gain |
| 14 Nov | ₹- | – | -% |
Conclusion
It is a fast-growing Indian company that makes solar panels, inverters, and batteries. It has big factories and more than 500 different products. The company is doing well because more people in India want clean and low-cost solar power. It also has a large network of dealers across the country and strong support from its owners. Its products use better technology, which helps the company grow even more. Overall, the company looks good for the long term, but before buying its stock, you should check the price, your budget, and how much risk you can handle.
