Himalayan Solar Limited IPO
listed · NSE · Bookbuilding IPO
Himalayan Solar Limited IPO was a ₹68.03 crore book-built issue on NSE with a price band of ₹98–₹103 per share, open for bidding from 25 Sep 2026 to 29 Sep 2026.
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Company overview
- Website
- https://www.himalayansolar.co.in/
IPO overview
Himalayan Solar Limited raised ₹68.03 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).
Bids were accepted within a price band of ₹98–₹103 per share; the final issue price is set within this band after bidding closes.
Applications were made in lots of 1,200 shares, so one lot costs ₹1,23,600 at the upper end of the price band.
The shares listed on NSE on 5 Oct 2026.
Finshore Management Services Ltd. was the book-running lead manager and Maashitla Securities Pvt.Ltd. is the registrar, which processes applications, allotment and refunds.
Stated objects of the issue: 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 type
- Bookbuilding IPO
- Issue structure
- Fresh capital cum OFS
- Issue size
- ₹68.03 crore
- Price
- ₹98–₹103 per share
- Lot size
- 1,200 shares
- Minimum investment (1 lot)
- ₹1,23,600
- Exchange
- NSE
- Lead manager
- Finshore Management Services Ltd.
- Registrar
- Maashitla Securities Pvt.Ltd.
IPO timeline
- Bidding opens 25 Sep 2026
- Bidding closes 29 Sep 2026
- Basis of allotment 30 Sep 2026
- Refunds / unblocking 1 Oct 2026
- Shares credited to demat 1 Oct 2026
- Listing 5 Oct 2026
Bidding ran from 25 Sep 2026 to 29 Sep 2026.
After bidding, the basis of allotment was due on 30 Sep 2026, refunds / unblocking of funds were due on 1 Oct 2026 and shares were due to be credited to demat accounts on 1 Oct 2026.
The shares listed on 5 Oct 2026.
Subscription summary
By the close of bidding, the issue was subscribed 1.19× overall (last figure recorded 29 Sep 2026).
By category: qualified institutional buyers (QIB) 1.66×, non-institutional investors (NII) 0.94× and retail investors 1.26×.
Recorded day by day: 25 Sep 0.51×, 26 Sep 0.51×, 27 Sep 0.51×, 28 Sep 0.71× and 29 Sep 1.19×.
Bids were received for 1.19× the shares available, so not every applicant in an oversubscribed category will receive shares.
| Category | Subscribed (as of 29 Sep 2026) |
|---|---|
| QIB | 1.66× |
| NII | 0.94× |
| Retail | 1.26× |
| Overall | 1.19× |
Allotment
The basis of allotment was due on 30 Sep 2026. Applicants can check their status using their PAN, application number or demat account details.
The registrar, Maashitla Securities Pvt.Ltd., processes allotment; check status on its website or the exchange's application-status page.
Offer documents
Where the offer document differs from any figure on this page, the document prevails.
Sources and data methodology
NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error
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