Himalayan Solar IPO Day 3: Subscription Closes Today, 29 September 2026
- September 29, 2026
- Posted by: Harsh Piplani
- Category: IPO
Himalayan Solar IPO closes today, 29 Sep 2026. Subscribed 0.71x through Day 2: QIB 1.58x, Retail 0.84x, NII 0.26x. Price band Rs 98-103.
Quick Answer
The Himalayan Solar IPO is on its final day of bidding on 29 September 2026, with the subscription window closing today. The issue has moved from 0.51 times at the Day 1 close to 0.71 times by the close of Day 2, with QIB, excluding anchors, at 1.58 times and retail at 0.84 times, while NII lagged at 0.26 times. With bidding open until the end of today’s session, the final subscription figure depends on demand in the closing hours.
Himalayan Solar Limited, an integrated turnkey solar energy solutions provider, has reached the final day of its IPO subscription window today, 29 September 2026. The Himalayan Solar IPO opened on 25 September 2026 and is about Rs 68.03 crore through a combination of fresh issue and offer for sale. The shares are proposed to list on the NSE SME platform.
Demand for the Himalayan Solar IPO has built gradually, with the QIB portion past full subscription and retail approaching it, while NII remained the laggard. Today is the last opportunity for the overall book to cross full subscription.
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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 3
The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2 on Monday.
| Session | Overall | QIB | NII | Retail |
|---|---|---|---|---|
| Day 1 close (25 Sep) | 0.51x | 0.85x | 0.42x | 0.51x |
| Day 2 close (28 Sep, 5:49 PM) | 0.71x | 1.58x | 0.26x | 0.84x |
| Day 3, closing day so far (29 Sep) | Updating through the session | |||
QIB has cleared full subscription and retail is close, while NII is well below. Final figures should be confirmed on NSE once bidding closes today.
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, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
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 closes today still below full subscription at around 0.71 times through Day 2, with QIB past full book and NII lagging. 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 before the window shuts today.
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 3?
Ans. On the closing day, 29 September 2026, the issue carries forward a Day 2 reading of around 0.71 times overall, with QIB at 1.58 times, retail at 0.84 times and NII at 0.26 times, and figures are updating through today’s final session.
When does the Himalayan Solar IPO close?
Ans. The issue closes for subscription today, 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 subscription?
Ans. Qualified institutional buyers led the issue through Day 2, with the QIB portion, excluding anchors, at 1.58 times, ahead of retail at 0.84 times and NII at 0.26 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.
