ListedSMEPower Generation/Distribution
Himalayan Solar IPO Date, GMP, Review, Price, Allotment Details
Updated
Himalayan Solar listed on NSE Emerge on 5 Oct 2026 at ₹85, a 17.5% discount to its issue price of ₹103. The IPO was subscribed 1.1 times overall. Bidding ran from 25 Sep to 29 Sep 2026 with a lot size of 1,200 shares.
- Price band
- ₹98–103
- Lot size
- 1,200 shares
- Minimum investment
- ₹2,47,200 (2 lots)
- Bidding
- 25 Sep – 29 Sep 2026
- Listing
- 5 Oct 2026
- Issue size
- ₹68 crore
- Exchange
- NSE Emerge
- Registrar
- Maashitla Securities Private Limited
Himalayan Solar IPO GMP today
No GMP was recorded for this IPO.
What GMP means: the grey market premium is an unofficial price that some traders quote before listing. It is not regulated and not published by the exchanges.
GMP often changes sharply and is not a prediction of the listing price. For official demand, check the subscription figures on this page.
About Himalayan Solar
A plain-language profile of the company, its products and services, key strengths and a SWOT analysis will appear here.
Himalayan Solar IPO review: an honest look at the numbers
Here is an honest look at what the numbers say about the Himalayan Solar IPO. We don't tell you to apply or to stay away. We lay out the facts so you can decide.
- Issue size: At ₹68 crore, this is a small issue.
- Price: The price band is ₹98–103 per share. The smallest application costs ₹2,47,200 at the top of the band.
- Demand: Bids so far cover the shares on offer 1.1 times, which is moderate demand.
- SME platform: SME shares usually trade less often than mainboard shares, and the minimum application is larger. That can make it harder to sell quickly.
- Listing: The shares listed at ₹85, 17.5% below the issue price. They now trade at ₹83 (−19.4% from the issue price).
Before you decide
Read the "Risk factors" and "Objects of the issue" chapters of the RHP for the Himalayan Solar IPO. They explain what could go wrong and how the money will be used.
Ask yourself whether you would hold the shares if they listed below the issue price. Invest only money you will not need soon.
This review summarises public data. It is not a rating or a recommendation to apply.
Himalayan Solar IPO subscription status
Updated · final figures
| Category | Times subscribed |
|---|---|
| Total | 1.1× |
A figure of 3× means investors bid for three times the shares on offer in that category.
Himalayan Solar IPO lot size and minimum investment
One lot of the Himalayan Solar IPO is 1,200 shares. At the upper price band of ₹103, one lot costs ₹1,23,600.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum application | 2 | 2,400 | ₹2,47,200 |
| Next size up (HNI) | 3 | 3,600 | ₹3,70,800 |
SME IPOs have a larger minimum application than mainboard issues. Bids above the minimum are made in whole lots.
Himalayan Solar IPO employee quota, anchor investors and bids
Employee quota
Whether there is an employee quota will appear here once confirmed from the RHP.
Anchor investors
| Lock-in on 50% of anchor shares ends | Sat, 31 Oct 2026 30 days |
|---|---|
| Lock-in on remaining 50% ends | Wed, 30 Dec 2026 90 days |
Lock-in dates are counted from the allotment date under SEBI rules. Shares coming out of lock-in can add selling pressure around those dates.
How much QIB, NII and retail investors bid
Updated
| Category | Shares on offer | Times subscribed | Amount bid |
|---|---|---|---|
| Total (excluding anchors) | 1.1× | — |
Amount bid is demand, not money invested; most bidders receive fewer shares and get the rest refunded.
Himalayan Solar listed peers
The top listed peers of Himalayan Solar, with their P/E and RoNW from the RHP, will appear here.
Himalayan Solar IPO date and timeline
- Bidding opens
- Bidding closes
- Basis of allotment
- Refunds start
- Shares credited to demat
- Listing
Approve your UPI mandate before 5 pm on the closing day, or the bid is rejected.
What happens after bidding closes
Bidding closed on 29 Sep 2026. The registrar then works out who gets shares, and the basis of allotment was finalised on 1 Oct 2026.
If you don't get shares, the money blocked in your bank account is released from 1 Oct 2026. If you do, the shares reach your demat account the same day.
The Himalayan Solar IPO listed on NSE Emerge on 5 Oct 2026, when trading in the shares begins.
Himalayan Solar financials
What brokers say about the Himalayan Solar IPO
Broker IPO notes usually arrive a day before bidding opens. We add each firm's rating and reason here, with a link to the original.
Marketasset notes on the Himalayan Solar IPO
Our notes on the use of proceeds, promoter holding and key risks from the RHP will appear here.
How to apply for the Himalayan Solar IPO
- Choose your bid. Pick the number of lots (minimum ₹2,47,200) and tick "cut-off price" so your bid counts at the final price.
- Apply through UPI or ASBA. Use your broker's app with your UPI ID, or your bank's net banking (ASBA). The money is blocked, not debited.
- Approve the UPI mandate in your UPI app before 5 pm on the closing day.
- Check allotment after the allotment date, as explained in the next section.
This is an SME IPO: the minimum application is larger than for mainboard issues, and shares trade on the SME platform.
How to check Himalayan Solar IPO allotment status
The basis of allotment for this IPO was finalised on 1 Oct 2026. After that, you can check your status in any of these places.
- Registrar's website: open Maashitla Securities Private Limited's allotment page, choose Himalayan Solar and enter your PAN or application number.
- BSE: BSE's allotment status page. Select the issue type and name, then enter your application number and PAN.
- NSE: NSE's IPO bid verification page. Log in with your PAN to see your bid and allotment.
- Your bank or broker: the UPI mandate is either debited (shares allotted) or released (not allotted), usually by SMS.
IPO rules, including how retail shares are allotted by lottery when an issue is oversubscribed, are set by SEBI.
Himalayan Solar IPO listing performance
| Issue price | ₹103 |
|---|---|
| Listing price (NSE Emerge) | ₹85 |
| Listing gain | −17.48% |
| Current price 13 Nov 2026, 10:02 am IST | ₹83 |
| Change from issue price | −19.42% |
Himalayan Solar IPO FAQs
When does the Himalayan Solar IPO open and close?
This IPO was open for bidding from 25 Sep 2026 to 29 Sep 2026.
What is the price band and lot size of the Himalayan Solar IPO?
The price band is ₹98–103 per share and one lot is 1,200 shares.
What is the minimum investment in the Himalayan Solar IPO?
The smallest application is 2 lots (2,400 shares), which costs ₹2,47,200 at the top of the price band.
When is the Himalayan Solar IPO allotment date and how do I check my status?
The basis of allotment was finalised on 1 Oct 2026. You can check your allotment status on the website of the registrar, Maashitla Securities Private Limited, using your PAN or application number, or on the BSE and NSE websites.
When will Himalayan Solar shares list?
Himalayan Solar listed on NSE Emerge on 5 Oct 2026. The listing price was ₹85, 17.5% below the issue price.
Who are the lead managers and registrar of the Himalayan Solar IPO?
The registrar is Maashitla Securities Private Limited.
How many times has the Himalayan Solar IPO been subscribed?
This IPO was subscribed 1.1 times overall. Figures as of 13 Oct 2026, 2:32 pm IST.