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Himalayan Solar Ltd

Himalayan Solar Ltd

NSE SME · SME IPO
Upcoming NSE SME SME Opens 25 Sep 2026
Issue Price
₹103
₹103
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹103
Based on GMP
Min. Investment
₹123,600
1 lot × 1200 shares
Subscribed
1.00x
Over-subscribed
Opens in
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Opens Fri, 25 Sep 2026
IPO Details
Open Date
25 Sep 2026
Close Date
29 Sep 2026
Allotment
05 Oct 2026
Listing Date
05 Oct 2026
Exchange
NSE SME
Price Band
₹103
Listing Price
On listing day
Allotment Status
Price Band
₹103
Per share
Face Value
₹10 per share
 
Lot Size
1,200 Shares
per lot
Issue Size
66,04,800 shares (agg. up to ₹68 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹123,600
1 lot
Pre-IPO Holding
1,62,18,899 shares
Promoters
Post-IPO Holding
2,21,09,699 shares
Promoters
P/E (Pre)
10.54x
 
P/E (Post)
14.37x
 
EPS (Pre)
₹9.77
 
EPS (Post)
₹7.17
 
UPI Deadline
5:00 PM on 29 Sep 2026
Mandate
Anchor AllotmentThu, 24 Sep 2026
Basis of AllotmentMon, 05 Oct 2026
Refund InitiationTue, 06 Oct 2026
Demat CreditTue, 06 Oct 2026
Listing DayMon, 05 Oct 2026
UPI Mandate Deadline5:00 PM on 29 Sep 2026
Sale TypeFresh capital cum OFS
Net Offer to Public62,73,600 shares (agg. up to ₹65 Cr)
Market Maker Quota3,31,200 shares (agg. up to ₹3 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Awaited
⏳ Opens 25 Sep 2026, Fri
Himalayan Solar Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
331,200
₹3.41
QIB
Over 1.00x
1,255,200
₹12.93
NII / HNI
Over 1.00x
1,879,200
₹19.36
Retail
Over 1.00x
3,139,200
₹32.33
Total 1.00x
6,604,800
100% ₹68.03
IPO Shares Offered
Himalayan Solar Ltd IPO total issue size: ₹68.03 Cr. Retail: ₹32.33 Cr. QIB: ₹12.93 Cr. NII: ₹19.36 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 1,255,200 ₹12.93
19.00%
Market Maker 331,200 ₹3.41
5.01%
NII 1,879,200 ₹19.36
28.45%
Retail 3,139,200 ₹32.33
47.53%
Total 6,604,800 ₹68.03
100.00%
* Based on upper price band ₹103 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 1,879,200 3,139,200 5,018,400
Allotment price (₹) 103 103 103 103 103 103 103 103
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹32.33 ₹32.33
Times subscribed 1 1 1 1
Shares allotted 1,879,200 3,139,200 5,018,400
No. of allottees
* Upper price band ₹103 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
1,200
Shares per Lot
Issue Price
₹103.00
Upper Band
Min Investment
₹123,600
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,400₹247,200
Retail (Max — 13 Lots)1315,600₹1,606,800
S-HNI (Min — 14 Lots)1416,800₹1,730,400
B-HNI (Min — 68 Lots)6881,600₹8,404,800
* Issue Price ₹103 × Lot Size 1,200 shares
IPO Schedule
Anchor
24 Sep 2026
✓ Done
IPO Open
25 Sep 2026
Upcoming
IPO Close
29 Sep 2026
Upcoming
Allotment
05 Oct 2026
Upcoming
Refunds
06 Oct 2026
Upcoming
Demat Credit
06 Oct 2026
Upcoming
Listing Day
05 Oct 2026
Upcoming
Himalayan Solar Ltd — Price Chart
Chart Available After Listing
Expected: 05 Oct 2026
About Himalayan Solar Ltd

Himalayan Solar Ltd is proposing an IPO on NSE SME under the SME category. Total issue: 66,04,800 shares (agg. up to ₹68 Cr).

Opens 25 Sep 2026, closes 29 Sep 2026. Listing: 05 Oct 2026. Apply via ASBA or UPI.

Objects of the Issue
1
Object 1
2
Object 2
3
Object 3
4
Object 4
Himalayan Solar Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹47.6
31 Mar 2023
₹138.7
31 Mar 2024
₹143.1
31 Mar 2025
Profit After Tax (PAT)
₹0.6
31 Mar 2023
₹4.9
31 Mar 2024
₹15.9
31 Mar 2025
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 143.14 138.65 47.62
EBITDA 23.58 7.83 2.26
Profit After Tax (PAT) 15.85 4.94 0.58
Net Worth 25.87 10.33 5.39
Total Assets 93.83 84.14 32.54
Reserves & Surplus 22.27 6.72 1.78
Borrowings 26.95 23.54 18.99
EBITDA Margin (%) 16.55
PAT Margin (%) 11.13
P/BV Ratio
6.46
RoCE
61.28
RoNW
44.81
PAT Margin
11.13
EBITDA Margin
16.55
Debt/Equity
1.04
Issue Structure & Shareholding
Total Shares Offered66,04,800
Net Offer to Public62,73,600 shares (agg. up to ₹65 Cr)
Reserved for Market Maker3,31,200 shares (agg. up to ₹3 Cr)
Pre-Issue Promoter Holding1,62,18,899 shares
Post-Issue Promoter Holding2,21,09,699 shares
P/BV Ratio6.46
RoEN/A
RoCE61.28
Debt / Equity1.04
Script CodeN/A
Registrar & Lead Managers
Will be available once DRHP is filed.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Himalayan Solar Ltd IPO subscribed?

Himalayan Solar Ltd IPO is subscribed 1.00 times by Sep 29, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Himalayan Solar Ltd IPO retail subscription status?

The Himalayan Solar Ltd IPO retail category is subscribed 1.00 times as of 29 Sep 2026. The retail portion is oversubscribed.

How to subscribe Himalayan Solar Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2026 and closes 29 Sep 2026. Min investment: ₹123,600 (1 lot = 1,200 shares). UPI mandate: 5:00 PM on 29 Sep 2026.

How many times Himalayan Solar Ltd IPO subscribed?

The Himalayan Solar Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Himalayan Solar Ltd IPO allotment?

Check allotment on the registrar website. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Oct 2026. Refunds: on 06 Oct 2026.

When Himalayan Solar Ltd IPO will be listed?

The Himalayan Solar Ltd IPO listing date is 05 Oct 2026, Monday. Listed on: NSE SME. Issue price: ₹103. Estimated listing: ₹103. GMP: NIL.

When Himalayan Solar Ltd IPO close?

The Himalayan Solar Ltd IPO closes on 29 Sep 2026, Tuesday. UPI mandate: 5:00 PM on 29 Sep 2026. Allotment: 05 Oct 2026. Listing: 05 Oct 2026.