Higher-Noida-based Fujiyama Energy Methods has filed preliminary papers with capital markets regulator Sebi to boost funds by means of an preliminary public providing (IPO).
The IPO is a mix of a contemporary challenge of fairness shares value as much as ₹700 crore and an offer-for-sale (OFS) of as much as 2 crore shares by promoters, in keeping with Draft Pink Herring Prospectus (DRHP) filed on December 28.
Below the OFS, one crore fairness shares every shall be offloaded by Pawan Kumar Garg and Yogesh Dua.
The corporate might think about elevating ₹140 crore by means of a pre-IPO placement. If such placement is accomplished, the contemporary challenge dimension shall be lowered.
The web proceeds from the contemporary challenge are proposed to be utilised by the corporate in direction of financing the price of establishing the manufacturing facility in Ratlam, Madhya Pradesh, reimbursement of debt, and normal company functions.
Fujiyama Energy Methods 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 means 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 concentrate on technological improvement and product innovation.
Within the final three monetary years and 6 months ended September 30, 2024, Fujiyama Energy Methods have offered 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 technique of growing a brand new facility for manufacturing photo voltaic panels in Dadri, Uttar Pradesh and putting in one other inverter line at its Higher Noida facility.
For the six months ended September, Fujiyama clocked a web revenue of ₹75.1 crore in opposition to 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 problem.
The shares of the corporate are proposed to be listed on the Nationwide Inventory Change (NSE) and BSE.
