Himalayan Solar Ltd.
SMENSE₹98–103
₹ 60 Cr
2400 Shares
₹ 2,35,200
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 17,034.32 | 14,243.73 | |
| 134.97 | 69.99 | |
| 17,169.29 | 14,313.72 | |
| 14,055.44 | 11,836.28 | |
| 2,768.98 | 2,199.07 | |
| 2,066.61 | 1,643.06 |
Subscription Details
IPO Timeline
IPO Offer Start
25 Sept 2026
IPO Offer Ends
29 Sept 2026
5 Oct 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery for expansion | 129.83 |
| 2 | Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed | 21.199 |
| 3 | To meet Working Capital Requirements | 29.5 |
| 4 | General Corporate Expenses | 81.205 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
100.00%
Promoter stake
Post-IPO
70.13%
Promoter stake
Offered to Public
58,52,400
shares
Post Share Capital
1,55,04,764
shares
IPO Registrar
Maashitla Securities Pvt Ltd.
About the Company
Our company, specializes in providing integrated turnkey solar energy solutions offering services including design, manufacturing, supply, installation, and commissioning of wide range of solar products, with a primary focus on Solar Water Pumping Systems. Additionally, we provide solar energy solutions for Solar Inverter Charge Systems and Solar Rooftop Power Systems. As on March 31, 2025, we have a qualitative experience in implementation of more than 61000 HP capacity of Solar Water Pumping Systems as part of Government Projects in India and this quantity will further increase to 100000 HP by end of FY 2025-26.
Use of Proceeds
A. Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facilityB. Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by our CompanyC. To meet the Working Capital RequirementsD. General Corporate Purposes
Himalayan Solar Ltd. Latest News
IPO FAQs
The Himalayan Solar Ltd. IPO has a total of ₹60 crore, calculated at the upper end of the .
The Himalayan Solar Ltd. IPO is priced at ₹98–103 per share. bids must fall within this , against a of ₹10 per share.
The for the Himalayan Solar Ltd. IPO is 2,400 shares, which is also the minimum order quantity — you have to apply for at least 2,400 shares, and in multiples of 2,400 beyond that.
The minimum investment in the Himalayan Solar Ltd. IPO is about ₹2,35,200 — one lot of 2,400 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Himalayan Solar Ltd. opens on 25 Sept 2026 and closes on 29 Sept 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Himalayan Solar Ltd. shares were listed on 5 Oct 2026 on NSE.
Maashitla Securities Pvt Ltd. is the for the Himalayan Solar Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Himalayan Solar Ltd. IPO shares are listed on NSE.
Each Himalayan Solar Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 100.00% of Himalayan Solar Ltd. before the IPO, which falls to 70.13% after the issue.
58,52,400 shares of Himalayan Solar Ltd. are being offered to the public in this issue.
A. Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facilityB. Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by our CompanyC. To meet the Working Capital RequirementsD. General Corporate Purposes
Finshore Management Services Ltd. is the book running lead manager for the Himalayan Solar Ltd. IPO.
Pre-apply means placing your Himalayan Solar Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Himalayan Solar Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Himalayan Solar Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.