Larger-Noida-based Fujiyama Energy Methods has filed preliminary papers with capital markets regulator Sebi to boost funds via an preliminary public providing (IPO).
The IPO is a mix of a recent subject of fairness shares value as much as ₹700 crore and an offer-for-sale (OFS) of as much as 2 crore shares by promoters, based on Draft Pink Herring Prospectus (DRHP) filed on December 28.
Below the OFS, one crore fairness shares every might be offloaded by Pawan Kumar Garg and Yogesh Dua.
The corporate might think about elevating ₹140 crore via a pre-IPO placement. If such placement is accomplished, the recent subject measurement might be diminished.
The online proceeds from the recent subject are proposed to be utilised by the corporate in direction of financing the price of establishing the manufacturing facility in Ratlam, Madhya Pradesh, compensation of debt, and basic company functions.
Fujiyama Energy Methods is a producer of merchandise and answer supplier within the roof-top photo voltaic business, together with on-grid, off-grid and hybrid photo voltaic programs. The corporate has constructed a model recall and repute within the business via 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 growth 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 means 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 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.
