Himalayan Solar IPO Listing: Shares Debut at 17.48% Discount on NSE SME, Check Share Price Today

Himalayan Solar IPO Listing Today: The IPO closed subscription on 29 September 2026 at 1.19 times overall, with individual investors at 1.26 times, the QIB portion excluding anchors at 1.66 times and NIIs at 0.94 times. Here is a recap of the offer, the terms of the Himalayan Solar IPO listing, and how the stock traded once it opened on 5 October.

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Himalayan Solar IPO Listing: Issue Details

Himalayan Solar Limited raised Rs 68.03 crore, made up of a fresh issue of 58.91 lakh shares worth Rs 60.68 crore and an offer for sale of 7.14 lakh shares worth Rs 7.35 crore. The issue listed on the NSE SME platform on 5 October 2026. Bidding ran from 25 September to 29 September 2026, at a face value of Rs 10 per share and a price band of Rs 98 to Rs 103 per share.

Particular	Detail
Allotment Date	30 September 2026
IPO Open Date	25 September 2026
IPO Close Date	29 September 2026
Issue Size	Rs 68.03 crore (66,04,800 shares)
Face Value	Rs 10 per share
Lot Size	1,200 shares
Issue Price	Rs 103 per share
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Listing Date	5 October 2026

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Himalayan Solar IPO Listing Price and Performance

Shares of the Himalayan Solar IPO listing opened at Rs 85 on the NSE SME platform, a 17.48 percent discount to the Rs 103 issue price, and then traded at Rs 83. Retail investors needed a minimum of two lots, or 2,400 shares, costing about Rs 2.47 lakh, so a paper loss of roughly Rs 43,000 to Rs 48,000 on that minimum application is possible at these levels.

About the Himalayan Solar IPO

Himalayan Solar Limited, incorporated in 2015, is primarily a solar water pumping systems and solar solutions company with significant exposure to government projects, and it had an unexecuted order book of Rs 140.22 crore as of 31 July 2026. Promoters of the company are Manjeet Singh, Karthiyani M, Himanshu Dalal, Mehtab Singh and Anita Kumari. Finshore Management Services was the book running lead manager, Maashitla Securities is the registrar and Anant Securities is the market maker. Investors weighing the Himalayan Solar IPO listing should note that Haryana contributed about 53 percent of FY26 revenue, down from 86 percent in FY25.

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Himalayan Solar Financials

Here is how the company has performed financially, useful context for anyone checking the Himalayan Solar share price today after the Himalayan Solar IPO listing.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Total Income	171.69	143.14	138.65
Profit After Tax	20.67	16.43	4.95
EBITDA	29.04	23.58	7.83

Explanation
Total income grew 20 percent in FY26 to Rs 171.69 crore and profit after tax rose 26 percent to Rs 20.67 crore, a PAT margin of about 12 percent, after revenue had been nearly flat between FY24 and FY25. The business is tied to government project timing, and the weak debut suggests investors were cautious about valuation, a point to weigh after the Himalayan Solar IPO listing.

Grey market premium (GMP) is an unofficial, unregulated indicator for the Himalayan Solar IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Himalayan Solar IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

FAQs

What was the Himalayan Solar IPO listing price?

Ans. Himalayan Solar shares listed at Rs 85 on the NSE SME platform, a 17.48 percent discount to the Rs 103 issue price, and traded at Rs 83 afterwards.

Was the Himalayan Solar IPO listing a premium or a discount?

Ans. It was a discount listing, one of the weaker SME debuts of 5 October.

How much was the Himalayan Solar IPO subscribed?

Ans. The IPO was subscribed 1.19 times overall, with individual investors at 1.26 times, the QIB portion excluding anchors at 1.66 times and NIIs at 0.94 times.

What is the issue price of the Himalayan Solar IPO?

Ans. The issue price was fixed at Rs 103 per share, the top of the Rs 98 to Rs 103 price band.

What is the lot size of the Himalayan Solar IPO?

Ans. The lot size was 1,200 shares, and retail investors needed a minimum of two lots, or 2,400 shares, costing about Rs 2,47,200.

Who is the registrar for the Himalayan Solar IPO?

Ans. Maashitla Securities Private Limited is the registrar.

What does Himalayan Solar do?

Ans. Himalayan Solar makes solar water pumping systems and provides solar solutions, with significant exposure to government projects.

Where can I check the Himalayan Solar share price today?

Ans. You can check the Himalayan Solar share price today on the NSE SME platform, or through the Univest platform.

Should I hold shares after the Himalayan Solar IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the strong profit growth against the government project dependence and the weak debut before deciding whether to hold or book profit after the Himalayan Solar IPO listing.