Himalayan Solar IPO – Company Analysis
Himalayan Solar IPO is a book build issue of Rs. 68.03 Cr (0.66 crore shares) by Himalayan Solar Limited, which specializes in providing integrated turnkey solar energy solutions, offering services including design, manufacturing, supply, installation, and commissioning of a wide range of solar products, with a primary focus on Solar Water Pumping Systems. They provide solar energy solutions for Solar Inverter Charge Systems and Solar Rooftop Power Systems.
Business Verticals:
Turnkey Solar Energy Solutions for Solar Projects: The EPC Contract offers comprehensive turnkey solar energy solutions, which include design, manufacturing, supply, installation & commissioning services of a wide range of solar products
Design, manufacturing, supply, installation & commissioning of Solar Water Pumping System: The Solar water pumps and Solar Pump Controllers used in the system are manufactured through an Original Equipment Manufacturer (OEM) arrangement and are exclusively branded and marketed under the ‘Himalayan Solar’.
Support Services under Skill development training programme: The company has signed an MoU with NSDC as the Industry exclusive Franchisee Partner for the Solar to support the development and onboarding of up to 2,00,000 Panchayat-level micro-entrepreneurs with its brand under “National Entrepreneurship Drive (NED)”.
Sale of Solar Products: The company engaged in the supply of various solar products, including Solar PV (Photovoltaic) Modules, Solar cells, Solar Batteries, and other solar products.
Himalayan Solar IPO Details
The Himalayan Solar IPO date is from Sep 25 to Sep 29, with IPO allotment on Sep 30, refund initiation on Oct 01, 2026. Himalayan Solar IPO price is Rs. 98 to Rs. 103.
|
Event |
Date |
|
IPO Open Date |
September 25, 2026 |
|
IPO Close Date |
September 29, 2026 |
|
IPO Allotment Date |
September 30, 2026 |
|
Refunds / Credit of Shares |
October 01, 2026 |
|
IPO Listing Date |
October 05, 2026 |
|
Issue Type |
Book Built Issue (SME IPO) |
|
IPO Price Band |
Rs. 98 to Rs. 103 |
|
Minimum Investment (Retail) |
Rs. 2,47,200 (2400 Shares) |
|
Listing At |
NSE, SME |
Click to open demat account and apply for the IPO.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
158.22 |
93.82 |
84.14 |
|
Total Income |
171.69 |
143.14 |
138.65 |
|
Profit After Tax |
20.67 |
16.43 |
4.95 |
|
EBITDA |
29.04 |
23.58 |
7.83 |
|
Net Worth |
46.93 |
26.46 |
10.33 |
|
Reserves & Surplus |
30.71 |
22.85 |
6.73 |
|
Total Borrowing |
36.12 |
26.95 |
23.54 |
Himalayan Solar IPO Allotment Status and Allotment Date
The Himalayan Solar IPO allotment date is on 30 September 2026. Investors can check Himalayan Solar IPO allotment status using the registrar, Maashitla Securities Pvt. Ltd. or using BSE Website- BSE IPO allotment status.
Himalayan Solar IPO GMP (Grey Market Premium)
The Himalayan Solar IPO GMP today has not started yet as of 24 Sep 2026, while writing this information.
Conclusion
Himalayan Solar IPO offers exposure to the growing renewable energy sector with a focus on solar EPC solutions and water pumping systems. The company has shown consistent financial growth with improving revenue, profitability, and net worth over recent years.
Investors should evaluate valuation, industry competition, and IPO demand before making investment decisions.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
