MyIPOStatus
Himalayan Solar IPO: GMP, subscription and allotment status
This IPO has left the live dashboard. The figures below are as recorded on 5 Oct 2026.
1.18×Covered
Subscription as of 29 Sept, 23:26 IST, from NSE bid data
- Listed at
- ₹85
- −17.5% on issue price
- Est. listing
- ₹103
- 0.0% on issue price
- Price band
- ₹98–103
- Lot
- 1,200 shares
- Min. ₹1,23,600
Allotment
Allotment is out. Check it on the registrar's site.
Dates
25 → 29 Sept · allot 30 · list 5 OctRefunds and shares in your demat account on 1 Oct.
Subscription by category
- Retail
- —
- Non-institutional (NII)
- 0.00×
- Undersubscribed
- Qualified institutional (QIB)
- 0.00×
- Undersubscribed
- Total
- 1.18×
- Covered
Shares bid for
- QIB
- Offered 0
- Bid for 8,36,400
- 0.00×
- NII
- Offered 0
- Bid for 21,03,600
- 0.00×
- bHNI (above ₹10 lakh)
- Offered 0
- Bid for 19,21,200
- 0.00×
- sHNI (₹2–10 lakh)
- Offered 0
- Bid for 1,82,400
- 0.00×
- Total
- Offered 0
- Bid for 29,40,000
- 0.00×
Day by day
- 29 Sept 2026
- Overall 1.18×
- 28 Sept 2026
- Overall 0.72×
- 25 Sept 2026
- Overall 0.48×
Overall and retail, as they stood at the end of each day of bidding.
As of 29 Sept, 23:26 IST.
GMP day by day
The last GMP before listing was ₹0 on 1 Oct, pointing to a listing around ₹103. It listed at ₹85, ₹18 below that estimate.
- 1 Oct 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 30 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 29 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 28 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 27 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 26 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 25 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
- 24 Sept 2026
- GMP ₹0
- Est. listing ₹103 0.0%
Recorded once a day from IPOWatch's GMP table. GMP is unofficial and doesn't guarantee a listing price.
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
- HIMALAYAN
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.
More SME IPOs
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- Sai Urja Indo Ventures IPOListed 5 Oct
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). GMP is unofficial and doesn't guarantee a listing price.
- How many times has Himalayan Solar IPO been subscribed?
- 1.18× overall, as of 23:26 IST on 29 September 2026, from NSE bid data.
- When does Himalayan Solar IPO open and close?
- Bidding ran from 25 September 2026 to 29 September 2026.
- What is the Himalayan Solar IPO allotment date?
- Allotment is out. You can check it by PAN now.
- When will Himalayan Solar IPO list?
- It listed on 5 October 2026.
- How did Himalayan Solar IPO list against its GMP?
- The last grey-market premium before listing was ₹0 on 1 October 2026, pointing to a listing around ₹103. It listed at ₹85, ₹18 below that estimate.
- 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.