Himalayan Solar Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Himalayan Solar Ltd IPO

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. We cater to various projects across India and are proudly empanelled as an esteemed Solar Partner with several State Government Departments.

Himalayan Solar Ltd IPO Details

Total Shares Offered

₹ 66,04,800

Offer to Public

7,14,000

Retail Max (Shares)

₹ 31,39,200

Pre Issue Promoters Holding

₹ 1,47,56,399

Exchange

NSE

Issue size

₹ 68.03 Cr

IPO Open Date

Sep 25, 2026

Close Date

Sep 29, 2026

Lot Size

2400

Min Investment

₹ 2,35,200

Issue Type

Book Building - SME

Listing Date

Oct 5, 2026

Himalayan Solar Ltd IPO Dates

Sep 25, 2026

Opening date

Sep 29, 2026

Closing date

Sep 30, 2026

Basis of Allotment

Oct 1, 2026

Initiation of Refunds

Oct 1, 2026

Credit of Shares

Oct 5, 2026

Listing date

Details

Sector	Type
Sector	Electric Equipment
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1255200
NII	0x	1879200
Retail	0x	3139200
Employee	0x	0
Total	0x	6604800

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1255200

1879200

3139200

6604800

Himalayan Solar Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	22.60	7.11	1.14
EBITDA	23.21	7.35	1.45
PAT	15.85	4.94	0.58
Total Assets	86.62	79.75	30.80
Share Capital	3.60	3.60	3.60
Total Borrowings	33.45	30.06	22.42
Operating Activities (Net Cash)	16.46	5.18	0.89
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	33.45	30.06	22.42
Net Cashflow	6.84	4.61	9.47

About Himalayan Solar Ltd

Our Company was originally incorporated as a Private Limited Company in the name of Himalayan Solar Private Limited on September 08, 2015 under the provisions of Companies Act, 2013 bearing Corporate Identification Number U40300HR2015PTC056609 issued by Registrar of Companies- Haryana. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to Himalayan Solar Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company date 22th November,2024 bearing Corporate Identification Number U40100HR2015PLC056609 issued by Registrar of Companies - Haryana.

India's energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormous potential for growth and development. Therefore, most of this new energy demand must be met by low-carbon, renewable sources. India's announcement India that it intends to achieve net zero carbon emissions by 2070 and to meet 50% of its electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change. India was ranked fourth in wind power capacity and solar power capacity, and fourth in renewable energy installed capacity, as of 2023. Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 15.4% between FY16 and FY23. India has 125.15 GW of renewable energy capacity in FY23. India is the market with the fastest growth in renewable electricity, and by 2026, new capacity additions are expected to double.

Peer Comparison:

Ganesh Green Bharat Ltd
Solarium Green Energy Ltd
Australian Premium Solar (India) Ltd

Himalayan Solar Ltd Key Points

Strengths

Experienced promoters having deep knowledge to scale up the business.

Established and proven track record.

Experienced management team and a motivated and efficient work force.

Cordial relations with our customers.

Risk

The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.

The company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountant who is not Statutory Auditors of the Company.

The company has not taken any steps to order the machinery/equipment required for the Expansion and upgradation of the manufacturing facility. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machinery in a timely manner, or at all, the same may result in time and cost over-runs.

Strategy

Focus on advanced Technology-Driven Manufacturing of Solar PV Modules; Mono PERC and TopCon Bifacial Solar PV Modules.

Improve Domestic Presence.

Focus on Expanding geographical Network.

Customer Satisfaction.

Enhancing Executional Capabilities to Maintain Competitive Edge.

How To Apply for Himalayan Solar Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Himalayan Solar Ltd IPO?

Himalayan Solar Ltd's IPO offers shares for up to 60.68 It begins on Sep 25, 2026 and ends on Sep 29, 2026.

What is the price of the Himalayan Solar Ltd IPO?

The price of Himalayan Solar Ltd IPO ranges between ₹98 to ₹103 per share.

What are the open and close dates for the Himalayan Solar Ltd IPO?

The Himalayan Solar Ltd IPO opens on Sep 25, 2026 and closes on Sep 29, 2026.

When will the Himalayan Solar Ltd IPO be allotted?

The allotment for the Himalayan Solar Ltd IPO will be finalised on Sep 30, 2026. The shares will be listed on BSE and NSE on Oct 5, 2026.

What is the minimum lot size required for Himalayan Solar Ltd IPO?

The minimum lot size for Himalayan Solar Ltd IPO is 2400 shares, priced between ₹98 to ₹103 per share.

What is the GMP of Himalayan Solar Ltd IPO?

The GMP (Grey Market Premium) of Himalayan Solar Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Himalayan Solar Ltd IPO?

To check the allotment status of Himalayan Solar Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Himalayan Solar Ltd IPO getting listed?

The Himalayan Solar Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 25, 2026, and closes on Sep 29, 2026. The allotment is finalised on Sep 30, 2026.

How do you apply for the Himalayan Solar Ltd IPO?

To apply for the Himalayan Solar Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.