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HomeIPOHimalayan Solar

About Himalayan Solar

Incorporated in 2015, Himalayan Solar Limited is engaged in providing integrated turnkey solar energy solutions which include designing, manufacturing, supplying, installing, and commissioning of different types of solar products, mainly Solar Water Pumping Systems. They provide solar energy solutions for Solar Inverter Charge Systems and Solar Rooftop Power Systems. As on March 31, 2026, more than 85000 HP capacity of Solar Water Pumping Systems has been commissioned under various Government Projects in India. As on March 31, 2026, the Polycrystalline Solar PV Modules manufacturing capacity of the company was 40 MW which equals to 1,19,000 nos. of Polycrystalline Solar PV Module and Mono PERC solar PV Modules manufacturing capacity was 60 MW which equals to 1,07,500 nos. of 555W-560W Mono PERC Solar PV Modules per year. As on July 31, 2026, the company employs 87 employees.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Himalayan Solar

Himalayan Solar

Open Date

Sep 25, 2026

Close Date

Sep 29, 2026

listed

Min Investment

₹2,47,200

Lot Size

1200 Shares

Issue Size

₹68.03 Cr

Price Range

₹98 - ₹98

Listing Date

Oct 5, 2026

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Company Valuation

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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

Himalayan Solar IPO - Issue Objectives

The company will utilise ₹29.50 crore to fund working capital requirements. The company will utilise ₹12.98 crore to purchase of additional plant and machinery for expansion The company will utilise ₹2.11 crore to repay certain outstanding borrowings. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Working capital

48.6%

Capital expenditure

21.3%

Repayment of loan

3.4%

General corporate purposes

26.5%

1

Working capital

The company will utilise ₹29.50 crore to fund working capital requirements.

48.60%
2

Capital expenditure

The company will utilise ₹12.98 crore to purchase of additional plant and machinery for expansion

21.30%
3

Repayment of loan

The company will utilise ₹2.11 crore to repay certain outstanding borrowings.

3.40%
4

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

26.50%

IPO Subscription Status

QIB
1.66x
NII
1.12x
Individual
1.26x
Total
1.25x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Himalayan Solar

In Cr.

Contact Details

Himalayan Solar

SCO-411 2nd Floor, Sector 20, Panchkula, Haryana, 134117

+917087117405
cs@himalayansolar.co.in
https://www.himalayansolar.co.in/

Himalayan Solar IPO - FAQs

Himalayan Solar IPO is a SME IPO. The issue is priced at 98-₹103. The minimum order quantity is 1200 Shares. The IPO opens on 25 Sep, and closes on 29 Sep. TBA is the registrar for the IPO. The shares are proposed to be listed on SME.








IPO Timeline

  • Pre Apply2026-09-24
  • Bidding Starts2026-09-25
  • Bidding Ends2026-09-29
  • Allotment Finalisation2026-09-30
  • Release of Funds2026-10-01
  • Demat Transfer2026-10-01
  • Listing2026-10-05