Himalayan Solar Ltd IPO was priced at ₹98–₹103 per share with an issue size of ₹68 crore. The IPO opened on Sep 25, 2026 and closed on Sep 29, 2026, with a lot size of 1,200 shares and a minimum investment of ₹2,47,200.
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| Price Band | ₹98.00 - ₹103.00 per share |
| Lot Size | 1200 shares |
| Min Investment | ₹2,47,200 |
| Total Issue Size | ₹68.00 crore |
| Shares Offered | 66,04,800 |
| Issue Structure | Fresh Issue + Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Lead Manager(s) | Finshore Management Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Listing At | NSE SME |
Issue price ₹103 · lot size 1200 shares · no GMP recorded, so estimated profit is nil
| Category | Lots | Shares | Investment | Value at listing | Profit |
|---|---|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,23,600 | ₹1,23,600 | ₹0 |
| S-HNI (Min) | 2 | 2,400 | ₹2,47,200 | ₹2,47,200 | ₹0 |
| S-HNI (UPI limit) | 4 | 4,800 | ₹4,94,400 | ₹4,94,400 | ₹0 |
| S-HNI (Max) | 8 | 9,600 | ₹9,88,800 | ₹9,88,800 | ₹0 |
| B-HNI (Min) | 9 | 10,800 | ₹11,12,400 | ₹11,12,400 | ₹0 |
| Metric | Latest Reported |
|---|---|
| Total Income | ₹171.69 Cr |
| Profit After Tax | ₹20.67 Cr |
| Net Worth | ₹46.93 Cr |
Promoters: Manjeet Singh, Karthiyani M, Himanshu Dalal, Mehtab Singh, Anita Kumari
| Promoter Holding (Pre-Issue) | 100% |
| Promoter Holding (Post-Issue) | 70.13% |
Himalayan Solar Limited specializes in providing integrated turnkey solar energy solutions offering services including design, manufacturing, supply, installation, and commissioning of a wide range of solar products, with a primary focus on Solar Water Pumping Systems.
Implemented more than 85000 HP capacity of Solar Water Pumping Systems as part of Government Projects in India.
| Founded | 2015 |
| Headquarters | Panchkula, Haryana |
| Industry | Solar Energy |
| Website | https://www.himalayansolar.co.in/ |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Phone | 011-45121795 |
| [email protected] |
11 answers about Himalayan Solar Ltd IPO — dates, pricing, allotment and listing.
Himalayan Solar Ltd IPO is a bookbuilding ipo of ₹68 crore. The issue was priced at ₹98–₹103 per share, with a lot size of 1,200 shares. Bidding ran from Fri, 25 Sep 2026 to Tue, 29 Sep 2026, with shares listed on NSE SME.
The price band was ₹98–₹103 per share.
One lot was 1,200 shares. Bids had to be placed in multiples of 1,200.
A retail investor needed at least ₹2,47,200 – one lot of 1,200 shares at ₹103, the upper end of the price band.
Himalayan Solar Ltd IPO opened on Fri, 25 Sep 2026 and closed on Tue, 29 Sep 2026.
Allotment was finalised on Wed, 30 Sep 2026.
Himalayan Solar Ltd shares were listed on Mon, 05 Oct 2026 on NSE SME.
The company intended to use the net proceeds towards 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 and general corporate expenses.
Finshore Management Services Ltd. is the book running lead manager. Maashitla Securities Pvt.Ltd is the registrar to the issue.
Category-wise demand from retail, NII and QIB bidders is on the Himalayan Solar Ltd IPO subscription page, and on the BSE and NSE websites.
From Wed, 30 Sep 2026, check the Himalayan Solar Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.