MyIPOStatus
Himalayan Solar IPO: GMP, subscription and allotment status
₹0grey-market premium
- GMP
- ₹0
- 0.0%as of 21 Sept, 17:33 IST
- Est. listing
- ₹103
- 0.0% on issue price
- Price band
- ₹103
- Lot
- 1,200 shares
- Min. ₹1,23,600
Allotment
Expected 30 Sept.
Dates
25 → 29 Sept · allot 30 · list 5 OctRefunds and shares in your demat account on 1 Oct.
Issue details
- Segment
- SME
- Face value
- ₹10
- Issue type
- Book Building Issue
- Fresh issue
- ₹60.68 Crores
- Offer for sale
- 7,14,000 Equity Shares
- Listing at
- NSE SME
- Registrar
- Maashitla Securities
- NSE symbol
- —
GMP is unofficial and doesn't guarantee a listing price. Where these numbers come from
What you can apply for
- Retail Minimum
- 2 lots, 2,400 shares
- 2,400
- ₹2,47,200
- Retail Maximum
- 2 lots, 2,400 shares
- 2,400
- ₹2,47,200
- S-HNI Minimum
- 3 lots, 3,600 shares
- 3,600
- ₹3,70,800
- S-HNI Maximum
- 8 lots, 9,600 shares
- 9,600
- ₹9,88,800
- B-HNI Minimum
- 9 lots, 10,800 shares
- 10,800
- ₹11,12,400
A retail application can't go past ₹2 lakh; bigger bids go in the HNI categories.
Where the money goes
- Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility.
- ₹12.98 Cr
- Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company.
- ₹2.60 Cr
- To meet Working Capital Requirements
- ₹24.59 Cr
- General Corporate Expenses
- —
What the company plans to do with the money it raises, from the offer document. Money raised in an offer for sale goes to the selling shareholders, not the company.
Company numbers
₹171.69 Cr+19.9% on 2025
₹20.67 Cr+25.8% on 2025
₹158.22 Cr+68.6% on 2025
- 2026
- Revenue ₹171.69
- Profit ₹20.67
- Assets ₹158.22
- 2025
- Revenue ₹143.14
- Profit ₹16.43
- Assets ₹93.82
- 2024
- Revenue ₹138.65
- Profit ₹4.94
- Assets ₹84.14
In ₹ crore, for the years the offer document reports.
- ROE
- 44.04%
- ROCE
- 35.84%
- EBITDA Margin
- 17.05%
- PAT Margin
- 12.13%
- Debt to equity ratio
- 0.77
- Earning Per Share (EPS)
- ₹12.74 (Basic)
- Return on Net Worth (RoNW)
- 44.04%
- Net Asset Value (NAV)
- ₹28.93
Listed peers
- Ganesh Green Bharat Limited
- P/E 7.11
- EPS 30.31
- Return on net worth 26.82%
- Solarium Green Energy Limited
- P/E 14.99
- EPS 9.81
- Return on net worth 12.58%
- Australian Premium Solar (India) Limited
- P/E 8.34
- EPS 28.70
- Return on net worth 35.24%
Price to earnings, earnings per share and return on net worth, as the offer document reports them.
Who the issue is reserved for
- QIB
- 50%
- NII
- 15%
- Retail
- 35%
Share of the issue set aside for each kind of investor.
Promoters and bankers
- Promoters
- Manjeet Singh, Karthiyani M, Himanshu Dalal, Mehtab Singh and Anita Kumari
- Promoter holding
- 99.99% before the IPO, 70.13% after
- Lead managers
- Finshore Management Services Ltd.
Issue details come from the IPO's page on IPOWatch, which follows the company's prospectus.
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Frequently asked questions
- What is the GMP of Himalayan Solar IPO today?
- The grey-market premium is ₹0, which points to a listing around ₹103 (0.0% on the issue price), as of 17:33 IST on 21 September 2026. GMP is unofficial and doesn't guarantee a listing price.
- When does Himalayan Solar IPO open and close?
- Bidding runs from 25 September 2026 to 29 September 2026.
- What is the Himalayan Solar IPO allotment date?
- Allotment is expected on 30 September 2026.
- When will Himalayan Solar IPO list?
- Listing is expected on 5 October 2026.
- What is the lot size and minimum investment for Himalayan Solar IPO?
- One lot is 1,200 shares, so the minimum investment at the upper price of ₹103 is ₹1,23,600.
- How do I check Himalayan Solar IPO allotment status?
- Maashitla Securities is the registrar. Once allotment is out, check it by PAN on the Maashitla Securities website.