Fujiyama Power Systems is a comprehensive ‘one-stop shop’ provider in the rooftop solar industry, offering a complete ecosystem from innovation and manufacturing to widespread distribution and customer service. They specialize in producing a wide range of solar components, including on-grid, off-grid, and hybrid solar systems, solar panels, inverters, and both lead-acid and lithium-ion batteries.

Operating under well-recognized brands like ‘UTL Solar’ (with a 29-year legacy) and ‘Fujiyama Solar’, the company has built strong brand recall. They have four domestic manufacturing facilities and robust in-house R&D, which has driven pioneering innovations in inverter and UPS technology, including the patented rMPPT technology for optimizing energy harvest.

The company serves its predominantly B2C market through an extensive pan-India distribution network of 725 distributors, 5,546 dealers, and 1,100 exclusive “Shoppe” franchisees, supported by over 602 qualified service engineers. This presence across the entire value chain—manufacturing, distribution, and post-sales support—positions the company well to capitalize on the robust growth projected for the Indian rooftop solar market.

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• Integrated Market Leadership: Diverse solar products make us a comprehensive rooftop industry leader.
• Innovation and Quality: Strong track record in technology and quality-driven manufacturing efficiency.
• Extensive Customer Reach: Robust network and service build strong brand recognition and reach.
• Experienced Management: Seasoned promoters and senior leaders guide a dedicated employee base.

The Company FUJIYAMA PPOWER SYSTEMS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Part financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, India (₹ 180 Cr.)
• Repayment and/or prepayment of all or a portion of certain outstanding borrowings availed by our Company (₹ 275 Cr.)
• General corporate purposes

At the upper band of IPO ₹ 228, the stock is valued at 25.84 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.