Fujiyama Power Systems IPO vs Laxmi India Finance IPO

Comparison between Fujiyama Power Systems IPO and Laxmi India Finance IPO.

IPO Details

Fujiyama Power Systems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Laxmi India Finance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Fujiyama Power Systems IPO is up to ₹828.00 Cr whereas the issue size of the Laxmi India Finance IPO is up to ₹254.26 Cr. The final issue price of Fujiyama Power Systems IPO is ₹228.00 per share and of Laxmi India Finance IPO is ₹158.00 per share.

 Fujiyama Power Systems IPOLaxmi India Finance IPO
Face Value₹1 per share₹5 per share
Issue Price (Lower)₹216.00 per share₹150.00 per share
Issue Price (Upper)₹228.00 per share₹158.00 per share
Issue Price (Final)₹228.00 per share₹158.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size65 shares94 shares
Fresh Issue Size2,63,15,789 shares1,04,53,575 shares
Fresh Issue Size (Amount)up to ₹600.00 Crup to ₹165.17 Cr
OFS Issue Size1,00,00,000 shares56,38,620 shares
OFS Issue Size (Amount)up to ₹228.00 Crup to ₹89.09 Cr
Issue Size Total3,63,15,789 shares1,60,92,195 shares
Issue Size Total (Amount)up to ₹828.00 Crup to ₹254.26 Cr

IPO Timetable

Fujiyama Power Systems IPO opens on Nov 13, 2025, while Laxmi India Finance IPO opens on Jul 29, 2025. The closing date of Fujiyama Power Systems IPO and Laxmi India Finance IPO is Nov 17, 2025, and Jul 31, 2025, respectively.

 Fujiyama Power Systems IPOLaxmi India Finance IPO
Anchor Bid DateNov 12, 2025Jul 28, 2025
Issue OpenNov 13, 2025Jul 29, 2025
Issue CloseNov 17, 2025Jul 31, 2025
Basis Of Allotment (Tentative)Nov 18, 2025Aug 01, 2025
Initiation of Refunds (Tentative)Nov 19, 2025Aug 04, 2025
Credit of Share (Tentative)Nov 19, 2025Aug 04, 2025
Listing date (Tentative)Nov 20, 2025Aug 05, 2025
Anchor Lockin End date 1Dec 17, 2025Aug 30, 2025
Anchor Lockin End date 2Feb 15, 2026Oct 29, 2025

Financials & KPIs

Fujiyama Power Systems IPO P/E ratio is 40.85, as compared to Laxmi India Finance IPO P/E ratio of 18.35.

 Fujiyama Power Systems IPOLaxmi India Finance IPO
Financials

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.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,243.881,013.96609.64514.56
Total Income597.791,550.09927.20665.33
Profit After Tax67.59156.3445.3024.37
EBITDA105.89248.5298.6451.60
NET Worth464.34396.82239.54193.08
Reserves and Surplus436.33368.81215.0070.55
Total Borrowing432.83346.22200.19211.14
Amount in ₹ Crore

Company Financials (Restated)

Laxmi India Finance Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,412.52984.85778.71
Total Income248.04175.02130.67
Profit After Tax36.0122.4715.97
EBITDA163.88114.5985.96
NET Worth257.47201.22152.33
Reserves and Surplus236.99181.87134.23
Total Borrowing1,137.06766.68615.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.6789.05
Promoter Shareholding (Post-Issue)87.8860.45
P/E Ratio40.8518.35
Market Cap₹6986.17 Cr.₹825.83 Cr.
ROE39.40%
ROCE41.01%
Debt/Equity0.874.42
EPS₹5.58₹8.61
RoNW39.40%13.95%

Shares Offered

In the Fujiyama Power Systems IPO Retail Individual Investors (RII) are offered 1,26,33,772 shares while in Laxmi India Finance IPO retail investors are offered 1,26,33,772 shares. Qualified Institutional Buyers (QIB) are offered 72,19,298 shares in Fujiyama Power Systems IPO and 31,86,253 shares in Laxmi India Finance IPO.

 Fujiyama Power Systems IPOLaxmi India Finance IPO
Anchor Investor Reservation1,08,28,947 shares47,79,379 shares
Market Maker Reservation0 shares0 shares
QIB72,19,298 shares31,86,253 shares
NII54,14,474 shares23,89,691 shares
RII1,26,33,772 shares55,75,944 shares
Employee2,19,298 shares1,60,928 shares
Others
Total3,63,15,789 shares1,60,92,195 shares

Bids Received (Subscription)

Fujiyama Power Systems IPO subscribed 2.21x in total, whereas Laxmi India Finance IPO subscribed 1.86x.

 Fujiyama Power Systems IPOLaxmi India Finance IPO
QIB (times)5.24x1.30x
NII (times)0.92x1.83x
Big NII (times)0.56x1.82x
Small NII (times)1.63x1.87x
RII (times)1.05x2.20x
Employee (times)1.55x1.54x
Other (times)
Total (times)2.21x1.86x

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Fujiyama Power Systems IPO Vs Laxmi India Finance IPO