What is the GMP of Himalayan Solar IPO today?

The Grey Market Premium (GMP) for Himalayan Solar IPO is currently ₹0. With an upper price band of ₹103, the estimated listing price is ₹103 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Himalayan Solar IPO?

The price band for Himalayan Solar IPO is ₹98 to ₹103 per equity share. The minimum lot size is 2400 shares, which requires a minimum retail application investment of ₹2,47,200.

What are the important dates for Himalayan Solar IPO?

Himalayan Solar IPO opens for subscription on 2026-09-25T00:00:00 and closes on 2026-09-29T00:00:00. The basis of allotment is scheduled for 2026-09-30T00:00:00, and shares are expected to list on 2026-10-05T00:00:00 on BSE, NSE.

How can I check the allotment status for Himalayan Solar IPO?

You can check Himalayan Solar IPO allotment status on the registrar's official portal (Maashitla Securities Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Himalayan Solar IPO?

Investors can apply for Himalayan Solar IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Himalayan Solar IPO open and close?

The IPO opens on 25 Sept 2026, and closes on 29 Sept 2026.

What is Himalayan Solar IPO price band?

The issue price band is ₹98.00 to ₹103.00 per equity share.

What is the Himalayan Solar IPO lot size?

The minimum lot size is 2400 shares per application.

What is the Himalayan Solar IPO allotment date?

The allotment is scheduled on 30 Sept 2026.

Himalayan Solar IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

68.00 Cr

Price Band

₹98.00 - ₹103.00

Lot Size

2400 Shares

Min Investment

₹4,94,400

GMP

₹0

Subscription

1.26x

25 Sept 2026

IPO Opens

COMPLETED

29 Sept 2026

IPO Closes

COMPLETED

30 Sept 2026

Basis of Allotment

COMPLETED

01 Oct 2026

Refunds

COMPLETED

01 Oct 2026

Demat Credit

COMPLETED

05 Oct 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

25 Sept 2026

IPO ClosesDONE

29 Sept 2026

Basis of AllotmentDONE

30 Sept 2026

RefundsDONE

01 Oct 2026

Demat CreditDONE

01 Oct 2026

ListingDONE

05 Oct 2026

About Himalayan Solar IPO

Himalayan Solar IPO open date is September 25, 2026 and the IPO will close on September 29, 2026. Himalayan Solar IPO is a Book built Issue. The company to raise around ₹68.03 crores via IPO that comprises fresh issue of ₹60.68 crores and offer for sale up to 7,14,000 equity shares with face value of ₹10 each.

Himalayan Solar IPO price band is ₹98 to ₹103 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Himalayan Solar IPO to list on NSE SME on October 5, 2026. The allotment of Himalayan Solar IPO date is September 30, 2026.

The company reported revenue of ₹171.69 crores in 2026 against ₹143.14 crores in 2025. The company reported profit of ₹20.67 crores in 2026 against profit of ₹16.43 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.

IPO Details

Himalayan Solar IPO Details and Specifications
IPO Date	25 Sept 2026 to 29 Sept 2026
Face Value	₹10 Per Share
Price Band	₹98.00 - ₹103.00
Lot Size	2400 Shares
Total Issue Size	Approx 68.00 Cr 66,04,800 Equity Shares
Fresh Issue	Approx 57.00 Cr 55,59,600 Equity Shares
Offer for Sale	Approx 7.00 Cr 7,14,000 Equity Shares
Retail Portion	50.04%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	05 Oct 2026
Listing At	NSE

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	12,55,200	20.01%
- Anchor	7,52,400	0.00%
- QIB (Ex. Anchor)	5,02,800	0.00%
NII	18,79,200	29.95%
- bNII > ₹10L	12,52,800	0.00%
- sNII < ₹10L	6,26,400	0.00%
Retail	31,39,200	50.04%
Market Maker	3,31,200	0.00%
Total	66,04,800	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	4,800	₹4,94,400
Individual investors (Retail) (Max)	2	4,800	₹4,94,400
S-HNI (Min)	3	7,200	₹7,41,600
S-HNI (Max)	8	19,200	₹19,77,600
B-HNI (Min)	9	21,600	₹22,24,800

About Company

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.

Contact Details

Himalayan Solar Ltd.

SCO-411 2nd Floor,

Sector 20,

Panchkula, Haryana, 134117

+91 7087117405

cs@himalayansolar.co.in

Visit Website

Registrar

Maashitla Securities Pvt Ltd

011-45121795

ipo@maashitla.com

Lead Managers

Finshore Management Services Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
05-Oct-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
03-Oct-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
02-Oct-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
01-Oct-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
30-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
29-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
28-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
26-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
25-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
24-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
23-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
22-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0
21-Sep-2026 06:00 PM	+₹0	₹103	+0.00%	₹0

Subscription Status

Subscription status will be updated soon.

Objects of the Issue

01 Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility. : 12.98 Cr
02 Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company. : 2.60 Cr
03 To meet Working Capital Requirements : 24.59 Cr
04 General Corporate Expenses : - Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	171.69	143.14	138.65
Profit After Tax	20.67	16.43	4.95
EBITDA	29.04	23.58	7.83
NET Worth	46.93	26.46	10.33
Reserves and Surplus	30.71	22.85	6.73
Total Borrowing	36.12	26.95	23.54

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	35.84%
Debt/Equity Ratio	0.77
Return on Net Worth (RoNW)	44.04%
PAT Margin	12.13%
EBITDA Margin	17.05%
Net Asset Value (NAV)	₹28.93

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Australian Premium Solar (India) Limited	28.70	8.34	81.44	35.24	707.96
Solarium Green Energy Limited	9.81	14.99	77.93	12.58	368.15
Ganesh Green Bharat Limited	30.31	7.11	113.02	26.82	1,064.27

Promoters and Holding Pattern

The promoters of the company are Manjeet Singh, Karthiyani M, Himanshu Dalal, Mehtab Singh and Anita Kumari. is the company's promoter of Himalayan Solar.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	99.99%	70.13%
Others*	0.01%	29.87%

Frequently Asked Questions (FAQ)

Comments0

Join the discussion

Please sign in to leave a comment or reply.

Sorted by

Loading IPO Details...

About Himalayan Solar IPO

IPO Details

Himalayan Solar IPO Details and Specifications
IPO Date	25 Sept 2026 to 29 Sept 2026
Face Value	₹10 Per Share
Price Band	₹98.00 - ₹103.00
Lot Size	2400 Shares
Total Issue Size	Approx 68.00 Cr 66,04,800 Equity Shares
Fresh Issue	Approx 57.00 Cr 55,59,600 Equity Shares
Offer for Sale	Approx 7.00 Cr 7,14,000 Equity Shares
Retail Portion	50.04%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	05 Oct 2026
Listing At	NSE

Investor Category

Shares Offered

% Net Issue

QIB

12,55,200

20.01%

- Anchor

7,52,400

0.00%

- QIB (Ex. Anchor)

5,02,800

0.00%

NII

18,79,200

29.95%

- bNII > ₹10L

12,52,800

0.00%

- sNII < ₹10L

6,26,400

0.00%

Retail

31,39,200

50.04%

Market Maker

3,31,200

0.00%

Total

66,04,800

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

4,800

₹4,94,400

Individual investors (Retail) (Max)

4,800

₹4,94,400

S-HNI (Min)

7,200

₹7,41,600

S-HNI (Max)

19,200

₹19,77,600

B-HNI (Min)

21,600

₹22,24,800

About Company

Contact Details

Himalayan Solar Ltd.

SCO-411 2nd Floor,

Sector 20,

Panchkula, Haryana, 134117

+91 7087117405

cs@himalayansolar.co.in

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

05-Oct-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

03-Oct-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

02-Oct-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

01-Oct-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

30-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

29-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

28-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

26-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

25-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

24-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

23-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

22-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

21-Sep-2026 06:00 PM

+₹0

₹103

+0.00%

₹0

Period Ended

31 MAR 2026

31 MAR 2025

31 MAR 2024

Total Income

171.69

143.14

138.65

Profit After Tax

20.67

16.43

4.95

EBITDA

29.04

23.58

7.83

NET Worth

46.93

26.46

10.33

Reserves and Surplus

30.71

22.85

6.73

Total Borrowing

36.12

26.95

23.54

KPI

31 Mar 2026

ROCE

35.84%

Debt/Equity Ratio

0.77

Return on Net Worth (RoNW)

44.04%

PAT Margin

12.13%

EBITDA Margin

17.05%

Net Asset Value (NAV)

₹28.93

Company Name

EPS (₹)

P/E (x)

NAV (₹)

RoNW (%)

Income (₹ Cr)

Australian Premium Solar (India) Limited

28.70

8.34

81.44

35.24

707.96

Solarium Green Energy Limited

9.81

14.99

77.93

12.58

368.15

Ganesh Green Bharat Limited

30.31

7.11

113.02

26.82

1,064.27

Particular

Pre IPO

Post IPO

Promoter and Promoter Group

99.99%

70.13%

Others*

0.01%

29.87%

Himalayan Solar IPO Details

About Himalayan Solar IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Himalayan Solar IPO open and close?

What is Himalayan Solar IPO price band?

What is the Himalayan Solar IPO lot size?

What is the Himalayan Solar IPO allotment date?

What is the Himalayan Solar IPO listing date?

What is the minimum investment required in Himalayan Solar IPO?

Join the discussion

Himalayan Solar IPO Details

About Himalayan Solar IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Himalayan Solar IPO open and close?

What is Himalayan Solar IPO price band?

What is the Himalayan Solar IPO lot size?

What is the Himalayan Solar IPO allotment date?

What is the Himalayan Solar IPO listing date?

What is the minimum investment required in Himalayan Solar IPO?

Join the discussion