Himalayan Solar
· SME · NSE
Price Band
₹98–103
Lot Size
1200 shares
Issue Size
₹68 Cr
Min. Investment
₹2,47,200
Grey Market Premium
Last unofficial quote before listing
No grey-market quote was reported for this issue before it listed.
Subscription Status
Category-wise subscription figures aren't available for this issue.
Himalayan SolarIPO: Overview & Key Facts
Himalayan Solar IPO is an SME issue that listed on NSE on 5 October 2026. The price band is ₹98–₹103 per equity share, with a market lot of 1,200 shares. The total issue size is ₹68 Cr. At the upper price band, the minimum application for an individual investor is 2 lots (2,400 shares), amounting to ₹2,47,200 — SME issues require individual investors to bid for at least two lots.
Himalayan Solar IPO GMP & Listing
No grey market premium was reported for Himalayan Solar IPO before it listed. The shares opened at ₹85 on listing day, 17.5% below the issue price of ₹103. An absent quote is not in itself a negative signal; SME issues in particular see little off-market trading. Read our complete guide to IPO GMP mechanics.
Himalayan Solar IPO Allotment & Listing
The registrar for this issue is Maashitla Securities Pvt. Ltd.; the basis of allotment was finalised on 30 September 2026 and the shares listed on 5 October 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹103
Listed At
₹85
Current Price
₹84.85
Issue Objectives
- 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
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 12,55,200 | 20.01% |
| − Anchor Investor | 7,52,400 | 0% |
| − QIB (Ex. Anchor) | 5,02,800 | 0% |
| NII (HNI) | 18,79,200 | 29.95% |
| − bNII > ₹10L | 12,52,800 | 0% |
| − sNII < ₹10L | 6,26,400 | 0% |
| Retail | 31,39,200 | 50.04% |
| Market Maker | 3,31,200 | 0% |
- QIB20.0%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)29.9%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail50.0%
- Market Maker0.0%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,47,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10800 | ₹11,12,400 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
12.74
EPS (Post IPO)
9.35
ROE
44.04%
P/E (Pre IPO)
8.08
P/E (Post IPO)
11.02
Market Cap
₹167.05 Cr.
Contact Details
Himalayan Solar Ltd. Address
- +91 7087117405
- cs@himalayansolar.co.in
- https://www.himalayansolar.co.in/
Registrar Contact Details
Maashitla Securities Pvt. Ltd.
- https://maashitla.com
Frequently Asked Questions
Key Dates
- Open Date
- 25 Sept 2026
- Close Date
- 29 Sept 2026
- Basis of Allotment
- 30 Sept 2026
- Listing Date
- 05 Oct 2026
Issue Details
- Registrar
- Maashitla Securities
- Exchange
- NSE