JSA and TT&A advise on Fujiyama Power Systems’ ₹8,280 million IPO. Fujiyama Power Systems is a Delhi based manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems and has created a complete ecosystem in the roof top solar industry. The equity shares of Fujiyama Power Systems Limited were listed on the stock exchanges on November 20, 2025. Motilal Oswal Investment Advisors Limited and SBI Capital Market Limited acted as the lead managers.
JSA Advocates & Solicitors acted as the company’s counsel on the Rs. 8,280 million IPO of Fujiyama Power Systems Limited. The IPO comprised of a fresh issue of Rs. 6,000 million and an offer for sale by the promoters of Rs. 2,280 million. The transaction was led by Partner Madhurima Mukherjee Saha, supported by the Equity Capital Markets team comprising Partner Anuj Pethia, Senior Associate Ambuj Gupta, and Associates Kumar Shubham, Priyanshi Bajaj and Adnan Danish.
Talwar Thakore & Associates (TT&A) advised the book running lead managers, Motilal Oswal Investment Advisors Limited and SBI Capital Markets, on the initial public offering of Fujiyama Power Systems Limited comprising of primary issue for an amount up to INR 600 crores and an offer for sale of up to 10,000,000 equity shares.
The TT&A Team included Partner Abhinav Kumar, Managing Associate Shubham Sancheti, Senior Associate Ayana Banerjee, and Associates Dhruvi Shah, Akshita Sharma, & Keshav Yadav.
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