Comparison between Aye Finance IPO and Fujiyama Power Systems IPO.
Aye Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Fujiyama Power Systems IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Aye Finance IPO is up to ₹1,010.00 Cr whereas the issue size of the Fujiyama Power Systems IPO is up to ₹828.00 Cr. The final issue price of Aye Finance IPO is ₹129.00 per share and of Fujiyama Power Systems IPO is ₹228.00 per share.
| Aye Finance IPO | Fujiyama Power Systems IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹1 per share |
| Issue Price (Lower) | ₹122.00 per share | ₹216.00 per share |
| Issue Price (Upper) | ₹129.00 per share | ₹228.00 per share |
| Issue Price (Final) | ₹129.00 per share | ₹228.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 116 shares | 65 shares |
| Fresh Issue Size | 5,50,38,759 shares | 2,63,15,789 shares |
| Fresh Issue Size (Amount) | up to ₹710.00 Cr | up to ₹600.00 Cr |
| OFS Issue Size | 2,32,55,812 shares | 1,00,00,000 shares |
| OFS Issue Size (Amount) | up to ₹300.00 Cr | up to ₹228.00 Cr |
| Issue Size Total | 7,82,94,571 shares | 3,63,15,789 shares |
| Issue Size Total (Amount) | up to ₹1,010.00 Cr | up to ₹828.00 Cr |
Aye Finance IPO opens on Feb 09, 2026, while Fujiyama Power Systems IPO opens on Nov 13, 2025. The closing date of Aye Finance IPO and Fujiyama Power Systems IPO is Feb 11, 2026, and Nov 17, 2025, respectively.
| Aye Finance IPO | Fujiyama Power Systems IPO | |
|---|---|---|
| Anchor Bid Date | Feb 06, 2026 | Nov 12, 2025 |
| Issue Open | Feb 09, 2026 | Nov 13, 2025 |
| Issue Close | Feb 11, 2026 | Nov 17, 2025 |
| Basis Of Allotment (Tentative) | Feb 12, 2026 | Nov 18, 2025 |
| Initiation of Refunds (Tentative) | Feb 13, 2026 | Nov 19, 2025 |
| Credit of Share (Tentative) | Feb 13, 2026 | Nov 19, 2025 |
| Listing date (Tentative) | Feb 16, 2026 | Nov 20, 2025 |
| Anchor Lockin End date 1 | Mar 13, 2026 | Dec 17, 2025 |
| Anchor Lockin End date 2 | May 12, 2026 | Feb 15, 2026 |
Aye Finance IPO P/E ratio is 14.11, as compared to Fujiyama Power Systems IPO P/E ratio of 40.85.
| Aye Finance IPO | Fujiyama Power Systems IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated)Fujiyama Power Systems Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 245% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 87.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.11 | 40.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3183.52 Cr. | ₹6986.17 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 12.12% | 39.40% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 41.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.73 | 0.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.14 | ₹5.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 12.12% | 39.40% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aye Finance IPO Retail Individual Investors (RII) are offered 78,29,456 shares while in Fujiyama Power Systems IPO retail investors are offered 78,29,456 shares. Qualified Institutional Buyers (QIB) are offered 2,34,88,372 shares in Aye Finance IPO and 72,19,298 shares in Fujiyama Power Systems IPO.
| Aye Finance IPO | Fujiyama Power Systems IPO | |
|---|---|---|
| Anchor Investor Reservation | 3,52,32,558 shares | 1,08,28,947 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 2,34,88,372 shares | 72,19,298 shares |
| NII | 1,17,44,185 shares | 54,14,474 shares |
| RII | 78,29,456 shares | 1,26,33,772 shares |
| Employee | 0 shares | 2,19,298 shares |
| Others | ||
| Total | 7,82,94,571 shares | 3,63,15,789 shares |
Aye Finance IPO subscribed 1.04x in total, whereas Fujiyama Power Systems IPO subscribed 2.21x.
| Aye Finance IPO | Fujiyama Power Systems IPO | |
|---|---|---|
| QIB (times) | 1.62x | 5.24x |
| NII (times) | 0.05x | 0.92x |
| Big NII (times) | 0.02x | 0.56x |
| Small NII (times) | 0.11x | 1.63x |
| RII (times) | 0.81x | 1.05x |
| Employee (times) | 1.55x | |
| Other (times) | ||
| Total (times) | 1.04x | 2.21x |
