Himalayan Solar IPO Day 2: Subscription Status on 28 September 2026
- September 28, 2026
- Posted by: Harsh Piplani
- Category: IPO
Himalayan Solar IPO Day 2, 28 Sep 2026. Subscribed 0.51x at Day 1 close: QIB 0.85x, Retail 0.51x, NII 0.42x. Price band Rs 98-103. Closes 29 Sep.
Quick Answer
The Himalayan Solar IPO is on Day 2 of bidding on 28 September 2026, after a steady opening day. The Himalayan Solar IPO closed Day 1 subscribed 0.51 times overall, with QIB, excluding anchors, at 0.85 times, retail at 0.51 times and NII at 0.42 times. Bidding remains open until 29 September 2026, and investors should track the live category wise numbers on NSE through the day.
The Himalayan Solar IPO has entered Day 2 of its bidding window, which opened on 25 September 2026 and closes on 29 September 2026. Himalayan Solar Limited, an integrated turnkey solar energy solutions provider, is raising about Rs 68.03 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on the NSE SME platform. The latest full session data available is Friday, 25 September 2026, with the weekend in between.
Day 1 bidding for the issue closed with the issue subscribed 0.51 times overall, with QIB, excluding anchors, leading at 0.85 times and retail at 0.51 times. With retail carrying half the offer, retail demand over the remaining sessions will largely decide the final figure.
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Himalayan Solar IPO Details
The table below sets out the key parameters of the issue.
| 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 Subscription Status Day 2
Bidding for the issue is updated through the trading session on NSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (25 Sep) | Subscription So Far (Day 2, 28 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.85 times | Updating |
| Non-Institutional Investors (NII) | 0.42 times | Updating |
| Retail Individual Investors | 0.51 times | Updating |
| Overall | 0.51 times | Updating through the session |
All three categories remained below full subscription after Day 1, with QIB nearest to the mark. Investors should treat the Day 2 figures as provisional since bidding remains open until the 29 September close.
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 so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 29 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 29 September close.
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.
Conclusion
The issue closed Day 1 at 0.51 times overall, with all categories still below full subscription and two sessions remaining before the 29 September close. Investors considering the issue should review the company financials and SME liquidity risks 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 2?
Ans. The issue closed Day 1 subscribed 0.51 times overall, with QIB, excluding anchors, at 0.85 times, retail at 0.51 times and NII at 0.42 times, and figures for Day 2, 28 September 2026, are updating through today’s session on NSE.
When does the Himalayan Solar IPO close?
Ans. The issue closes for subscription on 29 September 2026, having opened on 25 September 2026.
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 band.
Which category led the Himalayan Solar IPO on Day 1?
Ans. Qualified institutional buyers led the issue on Day 1, with the QIB portion, excluding anchors, subscribed 0.85 times, ahead of retail at 0.51 times and NII at 0.42 times.
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.
How do I apply for the Himalayan Solar IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 98 to Rs 103 band, with a minimum bid of 2,400 shares, then approving 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, with listing on the NSE SME platform tentatively scheduled for 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.
