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ClearIPO

Himalayan Solar Limited

SME IPO

Open nowSMERisk-factor review pending

Risk analysis not yet reviewed. ClearIPO publishes risk factors only after a manual review of the offer document.

Last updated 25 Sept 2026

Key details

Price band
₹98
Face value
Rs 10
Lot size
1,200 shares
Minimum investment
Rs 1,17,600
Issue size
Rs 68 Cr
Fresh issue
Rs 68 Cr
Retail quota
35%
Exchanges
NSE SME
Opening date
25 Sept 2026
Closing date
29 Sept 2026
Allotment date
30 Sept 2026
Listing date
05 Oct 2026

3 further details have not been reported for this issue yet, so they are left out rather than estimated.

Explain this IPO simply

The same information as the prospectus, written the way you would explain it to a friend.

What the company does

Himalayan Solar provides integrated turnkey solar energy solutions, specializing in the design, manufacturing, supply, installation, and commissioning of solar products, with a primary focus on Solar Water Pumping Systems. The company also offers solar energy solutions for Solar Inverter Charge Systems and Solar Rooftop Power Systems. As an empanelled solar partner with several state government departments in India, it generates revenue primarily through orders and government project contracts, having executed over 85,000 HP capacity of Solar Water Pumping Systems. The company operates a manufacturing facility in Karnal, Haryana, covering an area of approximately 25,000 square feet, which produces Mono PERC Solar PV Modules. It serves government departments, contractors, and private customers across India through its dealer network. The company proposes to expand and upgrade its manufacturing capacity to 160 MW per annum using issue proceeds.

No hand-checked analysis for this issue yet

We publish only the figures our data source reports for this IPO. Clarity scoring, strengths and risks, use of funds and valuation multiples appear here once the prospectus has been read and verified.

Subscription status

Update pending

The issue is open. Subscription figures have not been published by the source yet.

Important documents

IPO timeline

  1. IPO opens

    25 Sept 2026

    First day you can apply.

  2. IPO closes

    29 Sept 2026

    Last day to apply, usually by evening.

  3. Allotment

    30 Sept 2026

    Who gets shares is decided.

  4. Refund / unblock

    01 Oct 2026

    Blocked money is released if you did not get shares.

  5. Shares in demat

    01 Oct 2026

    Allotted shares reach your demat account.

  6. Listing day

    05 Oct 2026

    Shares start trading on the exchange.

Frequently asked questions

Where this information comes from

Last updated
2026-09-25T03:45:07.191Z
Last verified
2026-09-25T03:45:07.191Z
Primary source
nse
Secondary source
Exchange filings
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