Fujiyama Power Systems IPO Date, Review, Price and Key Information

Fujiyama Power Systems Limited IPO is fully book build issue and it includes both Fresh issue and offer for sale. The share offering is a fresh issue worth ₹700 crores and offer for sale upto 2 crore shares

The dates for the Fujiyama Power Systems IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Fujiyama Power Systems IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Fujiyama Power Systems IPO has not been announced yet.

Registrar for this IPO is Link Intime India Private Limited and lead managers for Fujiyama Power Systems IPO are Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹1 Per Equity Share
Total Issue Size	20,000,000 Shares + ₹700 Crores
Fresh Issue	₹700.00 Crores
OFS Issue	20,000,000 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Fujiyama Power Systems Limited Company

Luminous Power Technologies, a Schneider Electric portfolio company, specializes in energy and power backup solutions, including inverters, batteries, solar power systems, and home electricals, serving residential and commercial sectors. In FY24, Net Sales reached ₹438.70 crore, with an Operating Profit (EBITDA) of ₹57.32 crore and a Net Profit of ₹40.04 crore. The company maintained an Operating Margin of 13.07% and a Net Profit Margin of 9.13%. Luminous Power boasts over 72,900 dealers and distributors.

Microtek International manufactures power backup and energy solutions such as inverters, UPS systems, solar solutions, and batteries for residential, commercial, and industrial applications, with a presence in domestic and international markets. For FY23, Microtek reported Net Sales of ₹173.66 crore and Operating Profit (EBITDA) of ₹17.58 crore. The Operating Margin stood at 10.12%, and the Net Profit was ₹9.14 crore, with a Net Profit Margin of 5.26%. Microtek has a vast network of over 1,00,000 dealers and distributors.

Fujiyama Power Systems Limited Financial Details

Period Ended	31 Mar 2022	31 Mar 2023	31 Mar 2024	30 Sep 2024
Assets	399.91	514.56	609.64	728.05
Revenue	506.84	664.08	924.69	721.74
Profit After Tax	28.54	24.37	45.30	75.09
Net Worth	181.06	193.08	239.54	314.97
Reserves and Surplus	58.53	70.55	215.00	290.44
Total Borrowing	141.42	211.14	200.20	150.56

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
1.62	18.91%	8.56	0.84	18.91%	26.60%

Offer Objectives

As of the Draft Red Herring Prospectus (DRHP) filing date, the company has 103 shareholders. Directors, Key Managerial Personnel, and Senior Management hold a total of 258,055,270 equity shares, representing 92.11% of the pre-offer shareholding.

Major shareholders, each holding 1% or more of the issued and paid-up capital, include Pawan Garg and Yogesh Dua each holding 108,351,570 & 108,351,575 equity shares respectively and Sandeep Dua, Sunil Kumar, and Shiv Kumar Garg each holding 13,750,000 shares. On a fully diluted basis, these major shareholders hold 96.54% of the equity share capital.

The company has an Employee Stock Option Plan (ESOP 2023), authorizing the issue of up to 500,000 equity shares. As of the DRHP date, 247,644 options have been granted, with 38,525 vested, 38,390 exercised, 75,563 lapsed, and 133,691 outstanding. The exercise price per option is ₹1.

The Offer comprises a Fresh Issue and an Offer for Sale (OFS). The company will not receive any proceeds from the OFS. Pawan Kumar Garg and Yogesh Dua are the selling shareholders each offering 10,000,000 shares summing up to a total of 20,000,000 shares. The net proceeds from the Fresh Issue are proposed to be utilized for establishing a manufacturing facility in Ratlam, Madhya Pradesh, repaying/prepaying certain outstanding borrowings, and general corporate purposes. The gross proceeds from the Fresh Issue are estimated at ₹700 crore.

The company plans to allocate ₹250 crore and ₹300 crore respectively from the net proceeds towards establishing the manufacturing facility and repaying/prepaying outstanding borrowings. A pre-IPO placement of up to ₹140 crore may be undertaken, potentially reducing the size of the Fresh Issue.