Fujiyama Power Systems Ltd - IPO

Fujiyama Power Systems Ltd IPO Details

Initial public offering of 36,315,789 equity shares of face value of Re. 1/- each (the equity shares) of Fujiyama Power Systems Limited (company or issuer) for cash at a price of Rs. 228/- per equity share (including a premium of Rs. 227/- per equity share) (the offer price) aggregating to Rs. 828.00 crores* (the offer) comprising a fresh issue of 26,315,789 equity shares of face value Re. 1/- each aggregating to Rs. 600.00 crores by the company (the fresh issue) and an offer for sale of 10,000,000 equity shares of face value Re. 1/- each aggregating to Rs. 228.00 crores (the offer for sale), comprising an offer for sale of 5,000,000 equity shares* of face value Re. 1/- each aggregating to Rs. 114.00 crores by Pawan Kumar Garg and 5,000,000 equity shares of face value Re. 1/- each aggregating to Rs. 114.00 crores by Yogesh Dua (collectively, the promoter selling shareholders), and such equity shares, the offered shares). The offer includes a reservation of 219,298 equity shares* of face value Re. 1/- each, aggregating to Rs. 5.00 crores (constituting 0.07% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute 11.85% and 11.78%, respectively, of the post-offer paid-up equity share capital of the company.

Objective of issue

Part funding the cost of establishing the manufacturing facility in ratlam. Repayment and/or prepayment of all or a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Fujiyama Power Systems Ltd Contact Details

Fujiyama Power Systems Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investor@utlsolarfujiyama.com

Website - www.utlsolarfujiyama.com