Himalayan Solar IPO Day 1: Subscription Opens Today, 25 September 2026
- September 25, 2026
- Posted by: Harsh Piplani
- Category: IPO
Himalayan Solar IPO opens today, 25 Sep 2026, closes 29 Sep 2026. Price band Rs 98-103. Lot size 1,200 shares. Lists on NSE SME on 5 Oct.
Quick Answer
The Himalayan Solar IPO opens for subscription today, 25 September 2026, and will remain open until 29 September 2026. Himalayan Solar Limited provides integrated turnkey solar energy solutions with a primary focus on Solar Water Pumping Systems, alongside Solar Inverter Charge Systems and Solar Rooftop Power Systems, and is raising about Rs 68.03 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 98 to Rs 103 per share, with a lot size of 1,200 shares, and the shares are proposed to list on the NSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
Himalayan Solar Limited, incorporated in 2015, has opened its IPO for subscription today, 25 September 2026. The Himalayan Solar IPO is a book built SME issue worth about Rs 68.03 crore, comprising a fresh issue of about 58.91 lakh shares worth Rs 60.68 crore and an offer for sale of about 7.14 lakh shares worth Rs 7.35 crore, and will remain open for bidding until 29 September 2026, a five day window spanning the coming weekend. The equity shares are proposed to be listed on the NSE SME platform.
The company provides integrated turnkey solar energy solutions covering design, manufacturing, supply, installation and commissioning of solar products, with a primary focus on Solar Water Pumping Systems for government projects, alongside Solar Inverter Charge Systems and Solar Rooftop Power Systems. As of 31 March 2025, the company had experience implementing more than 61,000 HP of Solar Water Pumping Systems across India, with capacity expected to reach 100,000 HP by the end of FY26. The fresh issue proceeds of the Himalayan Solar IPO are earmarked mainly for working capital requirements.
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Himalayan Solar IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 25 September 2026 |
| Close Date | 29 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 98 to Rs 103 per share |
| Lot Size | 1,200 shares (minimum bid 2,400 shares) |
| Issue Size | Rs 68.03 crore |
| Issue Type | Book Built Issue, SME |
| Listing At | NSE SME |
| Allotment Date | 30 September 2026 |
| Listing Date | 5 October 2026 |
Himalayan Solar IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 2,47,200 (2 lots, 2,400 shares) |
| Minimum HNI investment | Rs 3,70,800 (3 lots, 3,600 shares) |
| Registrar | Maashitla Securities Pvt Ltd |
| Lead Manager | Finshore Management Services Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Himalayan Solar IPO Share Reservation
Of the net offer in the issue, qualified institutional buyers are allocated about 20.01 percent, non-institutional investors about 29.95 percent, and retail individual investors about 50.04 percent, alongside a separate market maker reservation. Retail bidders must apply for a minimum of 2 lots, or 2,400 shares.
Himalayan Solar IPO Subscription Status Day 1
Bidding for the issue has opened today, 25 September 2026, so the category wise numbers below will fill in as the session progresses. With retail carrying half the offer, retail demand will be a key driver of the subscription figure.
| Investor Category | Subscription Status, Day 1 (25 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Himalayan Solar IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 98 to Rs 103 band, with a minimum bid of 2,400 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 29 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Himalayan Solar Limited
Himalayan Solar Limited, incorporated in 2015, provides integrated turnkey solar energy solutions with a primary focus on Solar Water Pumping Systems for government projects, having implemented more than 61,000 HP of capacity as of March 2025. The company reported revenue growth from Rs 143.14 crore in FY25 to Rs 171.69 crore in FY26, with profit rising to Rs 20.67 crore, ahead of the issue.
Conclusion
The issue has opened for bidding today, 25 September 2026, backed by an established track record in government-focused solar water pumping infrastructure. Investors considering the issue should study the company’s government project concentration and SME liquidity risks alongside the financials in the RHP on nseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Himalayan Solar IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 25 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE as the day progresses.
When does the Himalayan Solar IPO open and close?
Ans. The issue opened for subscription today, 25 September 2026, and will close on 29 September 2026, a five day window spanning the weekend.
What is the Himalayan Solar IPO price band and lot size?
Ans. The issue price band is Rs 98 to Rs 103 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of 2 lots, or 2,400 shares, taking the minimum investment to about Rs 2,47,200 at the upper price band.
What is the issue size and structure of the Himalayan Solar IPO?
Ans. The issue is worth about Rs 68.03 crore, comprising a fresh issue of about 58.91 lakh shares worth Rs 60.68 crore and an offer for sale of about 7.14 lakh shares worth Rs 7.35 crore.
What is the Himalayan Solar IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Himalayan Solar IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity with a minimum of 2,400 shares and your price within the Rs 98 to Rs 103 band, then approve the UPI mandate before the daily cut off.
When will the Himalayan Solar IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 30 September 2026, and the shares are tentatively scheduled to list on the NSE SME platform on 5 October 2026.
What does Himalayan Solar Limited do?
Ans. Himalayan Solar Limited provides integrated turnkey solar energy solutions, with a primary focus on Solar Water Pumping Systems, alongside Solar Inverter Charge Systems and Solar Rooftop Power Systems, mainly for government projects.
How large is Himalayan Solar’s project execution track record?
Ans. Himalayan Solar had implemented more than 61,000 HP of Solar Water Pumping Systems as of 31 March 2025, with capacity expected to reach 100,000 HP by the end of FY26, ahead of the issue.
Who are the registrar and lead manager for the Himalayan Solar IPO?
Ans. Maashitla Securities Pvt Ltd is the registrar for the issue, and Finshore Management Services Ltd is the book running lead manager for the issue.
