About Himalayan Solar Ltd IPO
Himalayan Solar IPO is a ?68.03 crore SME public issue comprising a fresh issue and an Offer for Sale (OFS). The IPO is scheduled to open from September 25 to September 29, 2026, at a price band of ?98 to ?103 per share, with the shares proposed to be listed on NSE SME. Finshore Management Services Ltd. is the Book Running Lead Manager, while Maashitla Securities Pvt. Ltd. is the registrar.
The company is promoted by Manjeet Singh, Karthyayini M, Himanshu Dalal, Mehtab Singh and Anita Kumari. The fresh issue proceeds are proposed to be used for purchasing additional plant and machinery, upgrading the manufacturing facility, repaying or prepaying borrowings and meeting working capital requirements.
About Himalayan Solar Ltd.
Incorporated in 2015, Himalayan Solar Limited provides integrated turnkey solar energy solutions, covering the design, manufacturing, supply, installation and commissioning of solar products. Its key focus is on Solar Water Pumping Systems, along with Solar Inverter Charge Systems and Solar Rooftop Power Systems.
As of March 31, 2025, the company had experience implementing more than 61,000 HP of Solar Water Pumping Systems under government projects across India. This capacity is expected to increase to 1,00,000 HP by the end of FY 2025-26.
The company also has experience in government-focused renewable energy projects across multiple states and supplements its manufacturing business by implementing its solar product portfolio in government-backed projects. As of August 31, 2025, Himalayan Solar had 64 employees.
Himalayan Solar IPO is a ?68.03 crore SME public issue comprising a fresh issue and an Offer for Sale (OFS). The IPO is scheduled to open from September 25 to September 29, 2026, at a price band of ?98 to ?103 per share, with the shares proposed to be listed on NSE SME. Finshore Management Services Ltd. is the Book Running Lead Manager, while Maashitla Securities Pvt. Ltd. is t
Himalayan IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 20.01% | 13,21,620.48 crores |
| Non-Institutional Investors (NIIs) | 29.95% | 19,78,137.6 crores |
| Retail Individual Investors (RIIs) | 50.04% | 33,05,041.92 crores |
Himalayan IPO Strengths & Weaknesses
Experienced solar PV module manufacturer with an established presence in the sector.
Experienced promoters supported by a strong management team.
Presence across multiple states through government-focused renewable energy projects.
Established relationships with customers and suppliers.
Ability to provide solar products for government-backed projects alongside its manufacturing operations.
Strong order book supporting future business growth.
Himalayan IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 30 Sep '26 | 05 Oct '26 | 01 Oct '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 66,04,800 shares (aggregating up to To be announced) |
| Fresh Issue | 5,55,960 shares (aggregating up to ₹55,59,600 crores) |
| Offer for Sale | 71,400 shares of ₹10 (aggregating up to ₹7,14,000 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Himalayan IPO Lot Size and Investment Details
| Minimum Lot Size | 1,200 shares |
| Maximum Lot Size (Retail) | -- |
The lot size of Himalayan ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Himalayan IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Himalayan IPO Contact & Registrar Details
Contact Details
Address
SCO-411 2nd Floor, Sector 20, Panchkula
Phone Number
Registrar Details
Registrar Name
Maashitla Securities Pvt.Ltd.
Phone Number
Himalayan Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Finshore Management Services Ltd. |