JSA, TT&A act on Fujiyama Solar IPO

Fujiyama Solar (Fujiyama Power Systems Limited) has made an Initial Public Offering (IPO) comprising of primary issue for an amount up to ₹700 crore and an offer for sale of up to 20,000,000 equity shares.

JSA is serving as the legal counsel for Fujiyama Solar on this IPO.

The transaction team consists of Madhurima Mukherjee Saha (Partner), Anuj Pethia (Partner), Ambuj Gupta (Senior Associate), Harshita Agarwal (Associate), Kumar Shubham (Associate) and Priyanshi Bajaj (Associate).

TT&A is advising Book Running Lead Managers - Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited on this IPO.

The transaction team consisted of Abhinav Kumar (Partner), Shubham Sancheti (Senior Associate), Ayana Banerjee, Dhruvi Shah, Anand Kumar, Akshita Sharma and Keshav Yadav (Associates).

In December 2024, Fujiyama Power Systems filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth up to ₹700 crore and an offer for sale of up to 20 million shares by existing promoters, Pawan Kumar Garg and Yogesh Dua, each offering 10 million shares.

The company plans to utilize the proceeds to finance the establishment of a manufacturing facility in Ratlam, Madhya Pradesh, repay certain outstanding borrowings, and for general corporate purposes

Fujiyama Power Systems Private Limited, established in 2017, is a Noida-based company specializing in the manufacturing of solar products, including online and offline uninterruptible power supplies (UPS), inverters, battery chargers, solar management units, and solar charge controllers.

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