Himalayan Solar IPO
Himalayan Solar opens for subscription on 25 Sept 2026 and closes on 29 Sept 2026, at a price band of ₹98 – ₹103 with a lot of 2400 shares. Listing is expected on 5 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
25 Sept 2026
Closes
29 Sept 2026
Allotment
30 Sept 2026
Listing
5 Oct 2026
IPO details
| Price band | ₹98 – ₹103 |
|---|---|
| Lot size | 2400 shares |
| Minimum investment | ₹2,47,200 |
| Issue size | ₹68.03 crore |
| Face value | ₹10 per share |
| Board | SME |
| Listing at | NSE SME |
| Retail quota | 35% |
| EPS | ₹12.74 |
| RoNW | 44.04% |
Grey market premium (GMP)
No meaningful grey market premium was reported at the last update.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 1.19 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.19× | 0.29× | 0.43× | 0.36× |
| Day 2 | 1.58× | 0.26× | 0.84× | 0.71× |
| Day 3 | 1.66× | 0.94× | 1.26× | 1.19× |
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 138.65 | 131.77 | 4.94 |
| FY25 | 143.14 | 121.15 | 16.43 |
| FY26 | 171.69 | 144 | 20.67 |
About Himalayan Solar
Established in 2015, Himalayan Solar Limited provides complete solar energy solutions. The company handles the design, manufacturing, supply, installation, and commissioning of various solar products, mainly focusing on Solar Water Pumping Systems. It also offers solutions such as Solar Inverter Charge Systems and Solar Rooftop Power Systems.
The company supplies a range of solar products, including solar PV modules, solar cells, solar batteries, and other solar equipment. Moreover, as of 2026, the firm has implemented more than 85000 HP of Solar Water Pumping Systems as part of Government Projects in India. Himalayan Solar's main mission is to make solar power accessible, affordable, and reliable for everyone.
Objects of the issue
- Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility.
- Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company.
- To meet Working Capital Requirements
- General Corporate Expenses
Allotment status and registrar
Maashitla Securities Pvt.Ltd. is the registrar. After 30 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 011-45121795 · ipo@maashitla.com
Lead managers and offer documents
- Finshore Management Services Ltd.
Himalayan Solar IPO: FAQs
When does the Himalayan Solar IPO open and close?
The Himalayan Solar IPO opens on 25 Sept 2026 and closes on 29 Sept 2026.
What is the Himalayan Solar IPO price band?
The price band is ₹98 – ₹103 per share (face value ₹10).
What is the Himalayan Solar IPO lot size?
One lot is 2400 shares, so the minimum investment is ₹2,47,200 at the upper price band.
When is the Himalayan Solar IPO allotment date?
Allotment is expected on 30 Sept 2026. Check the status on the registrar's site (Maashitla Securities Pvt.Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Himalayan Solar shares list?
Listing is expected on 5 Oct 2026 on NSE SME.
What is the Himalayan Solar IPO GMP today?
No meaningful grey market premium was reported when this page was last updated. GMP is unofficial and unregulated, so it should not drive your decision.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.