UP’s Fujiyama Energy Programs once more made the IPO plan, the drafts close to SEBI once more; New shares value ₹ 600 crore might be – INA NEWS

Fujiyama Energy Programs iPo: Uttar Pradesh -based firm Fujiama Energy Programs desires to lift cash via IPO. For this, the corporate has re -filed draft papers close to the capital market regulator SEBI. The IPO may have new fairness shares value Rs 600 crore. Additionally, there might be a proposal on the market of two crore fairness shares from the promoters. In OFS, the corporate’s promoters Pawan Kumar Garg and Yogesh Dua will promote 1 crore fairness shares.

Fujiama Energy Programs is a roof prime photo voltaic options supplier. The corporate types on-grid, off-grind and hybrid photo voltaic methods. Fujiama Energy Programs offers many merchandise together with photo voltaic PCUs, photo voltaic off-grid, on-grid and hybrid inverters, photo voltaic panels, pulse vidth modulation charger and lithium-ion and tubular batteries. It has 3 manufacturing services.

The corporate has lowered the scale of the problem of latest shares within the IPO from Rs 700 crore earlier. Motilal Oswal is the guide operating lead supervisor who takes out the funding advocates and SBI Capital Markets Public Subject. Earlier, Fujiama Energy Programs filed a draft crimson herring prospectus close to SEBI for IPO on December 28, 2024. Nonetheless, it later withdrew its draft doc on 12 February 2025.

120 crores might be raised in pre-IPO spherical

Fujiama Energy Programs can take into account elevating as much as Rs 120 crore within the pre-IPO spherical. If this occurs, the identical quantity might be lowered from the problem of latest shares within the IPO. The corporate is about to begin a brand new facility and one other photo voltaic inverter and lithium-ion battery line within the facility of Better Noida to create a photo voltaic panel in Dadri, Uttar Pradesh.

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Easy methods to use IPO cash

The corporate is planning to make use of as much as Rs 180 crore out of the cash acquired by issuing new shares within the IPO to ascertain a producing facility for photo voltaic inverter, photo voltaic panel and lithium-ion battery in Ratlam, Madhya Pradesh. Aside from this, Rs 275 crore might be used to repay the mortgage. The remainder of the cash might be spent for regular company functions. By February 15, 2025, Fujiama Energy Programs had an arrear borrowing of Rs 353.4 crore.

Fujiama Energy Programs recorded a revenue of Rs 45.3 crore in FY 2024. That is 86 % greater than the revenue of Rs 24.4 crore within the earlier monetary yr. The corporate’s income elevated by 39.2 % to Rs 924.7 crore in FY 2024, which was Rs 664 crore in FY 2023. Income was Rs 721.7 crore and revenue of Rs 75.1 crore in the course of the interval of April-September 2024.

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