Larger-Noida-based Fujiyama Energy Programs has filed preliminary papers with capital markets regulator Sebi to boost funds by way of an preliminary public providing (IPO).
The IPO is a mixture of a recent subject of fairness shares price as much as ₹700 crore and an offer-for-sale (OFS) of as much as 2 crore shares by promoters, in response to Draft Crimson Herring Prospectus (DRHP) filed on December 28.
Beneath the OFS, one crore fairness shares every can be offloaded by Pawan Kumar Garg and Yogesh Dua.
The corporate might contemplate elevating ₹140 crore by way of a pre-IPO placement. If such placement is accomplished, the recent subject dimension can be lowered.
The web proceeds from the recent subject are proposed to be utilised by the corporate in the direction of financing the price of establishing the manufacturing facility in Ratlam, Madhya Pradesh, reimbursement of debt, and basic company functions.
Fujiyama Energy Programs is a producer of merchandise and answer supplier within the roof-top photo voltaic trade, together with on-grid, off-grid and hybrid photo voltaic methods. The corporate has constructed a model recall and popularity within the trade by way of its manufacturers ‘UTL Photo voltaic’, which has a legacy of 28 years, and Fujiyama Photo voltaic.
It has developed three manufacturing services and R&D capabilities domestically, with a constant give attention to technological improvement and product innovation.
Within the final three monetary years and 6 months ended September 30, 2024, Fujiyama Energy Programs have bought 12.25 lakh photo voltaic panels (458.14 MW), 6.31 lakh photo voltaic inverters (1,065.83 MW), and eight.52 lakh batteries (1,672.17 MWh).
The agency can also be within the strategy of growing a brand new facility for manufacturing photo voltaic panels in Dadri, Uttar Pradesh and putting in one other inverter line at its Larger Noida facility.
For the six months ended September, Fujiyama clocked a web revenue of ₹75.1 crore towards income of ₹721.7 crore.
Motilal Oswal Funding Advisors Ltd and SBI Capital Markets Ltd are the book-running lead managers, whereas Hyperlink Intime India Pvt Ltd is the registrar of the difficulty.
The shares of the corporate are proposed to be listed on the Nationwide Inventory Alternate (NSE) and BSE.
