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Fujiyama Power Systems, a company in the power sector, is gearing up for its Main Board IPO. The company has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise approximately ₹700 crore through a combination of a fresh issue and an Offer for Sale (OFS).
IPO Details
- Total Issue Size: ₹700 crore
- Fresh Issue: ₹700 crore
- Offer for Sale (OFS): 2 crore shares
- Expected IPO Timeline: Approval expected from SEBI by early to mid-February
Company Overview
Fujiyama Power Systems specializes in electrical equipment manufacturing. The company provides manufacturing solutions for the solar industry, including:
- Rooftop solar systems
- Hybrid solar systems
- Solar panel manufacturing
- Solar inverters
The company operates a manufacturing facility in Madhya Pradesh, positioning itself as a key player in the renewable energy sector.
Utilization of IPO Proceeds
The funds raised through the fresh issue will be used for:
- General corporate purposes
- Business expansion
- Enhancing manufacturing capabilities
Key Players Involved
- Lead Managers: SBI Capital Markets
- Investment Advisor: Motilal Oswal Investment Advisors
- Registrar: Link Intime
Competitive Landscape
Fujiyama Power Systems competes with established players like:
- Bharat Energy Limited
- Premier Energy Limited
- Exicom Tele-Systems Limited
Growth Potential & Market Outlook
With a strong presence in the solar and power equipment sector, Fujiyama Power Systems is well-positioned for future growth. If the company maintains competitive valuations, investors could expect good returns post-IPO.
Expected IPO Timeline
- December 28: DRHP refiled
- February (early to mid): SEBI approval expected
- IPO Launch: Based on market conditions
Stay tuned for more updates on Fujiyama Power Systems’ IPO as SEBI approval and pricing details are finalized!
