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Himalayan Solar IPO Dates

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HIMALAYAN · · NSE SME

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Himalayan Solar IPO Details

RegistrarMaashitla Securities Pvt.Ltd.
Lead managersFinshore Management Services Ltd
Offer documentDraft (DRHP)
Fresh issue₹60.68 Cr
Offer for sale₹7.35 Cr

Himalayan Solar Financials ₹ in crore

Detailed financials for this issue aren’t available yet.

Himalayan Solar IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹103
Individual investor (min)minimum application2,400₹2,47,200

The minimum application is 2,400 shares, ₹2,47,200 at the ₹103 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

Himalayan Solar IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company is ranked among the top 10 Solar PV Modules Manufacturers and recognized as 'Best Industrial and Commercial Solar Company'.
Himalayan Solar has over six years of experience in solar manufacturing, with a strong technical know-how and operational efficiency.
The company has a strong foundation for transitioning to advanced technologies like Mono-PERC and TopCon Bifacial panels.
Himalayan Solar has a robust track record in executing government-backed renewable energy projects across multiple Indian states.
The company focuses on maintaining long-term business relationships with customers and suppliers, leading to repeat business and timely supply of quality raw materials.
Himalayan Solar has a strong order book, indicating future revenue streams and operational efficiency.
The company is accredited with prestigious quality certifications including BIS, IEC, and ISO standards.
▼ Risk factors (8)
Adverse decisions in legal proceedings could materially affect the company's business, results of operations, and financial condition.
The restated financial statements are prepared and signed by a Peer Review Chartered Accountant who is not the statutory auditor.
The company has not placed firm orders for machinery/equipment for expansion, leading to potential time and cost overruns.
The company is dependent on a few customers for sales, and the loss of any of these large customers may affect revenues and profitability.
The company is dependent on a few key suppliers for raw materials, and an inability to procure adequate amounts may adversely affect business.
The majority of state-wise revenues are dependent on Haryana, and adverse developments in that state could impact revenue and results of operations.
Potential adverse impact on business operations due to obsolescence of existing manufacturing facility and risks associated with relocation and commissioning of a new unit.
Contingent liabilities, if materialized, may affect the financial condition and results of operations.

Himalayan Solar IPO Dates timeline · IST

Issue opens
Fri, 25 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Tue, 29 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Wed, 30 Sept, 2026
By Maashitla Securities Pvt.Ltd.; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 01 Oct, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Mon, 05 Oct, 2026
NSE SME · trading from 10:00 am IST

Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.

How to check Himalayan Solar IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Himalayan Solar Limited, the registrar is Maashitla Securities Pvt.Ltd. — allotment is finalised in the days between the issue closing on 29 Sept 2026 and listing on 05 Oct 2026.

RegistrarMaashitla Securities Pvt.Ltd.
You will needPAN, application number or demat ID
Issue closes29 Sept 2026
Listing date05 Oct 2026

The registrar publishes allotment on its own portal: Maashitla. Your bank will also show the blocked amount released if shares were not allotted.

Himalayan Solar IPO Dates FAQs

When does Himalayan Solar IPO open and close?

Bidding for the Himalayan Solar Limited IPO opens on 25 September 2026 and closes on 29 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

What is the Himalayan Solar IPO listing date?

The shares are scheduled to list on 5 October 2026 on NSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

How do I apply for Himalayan Solar IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 25 September 2026 and 29 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹103); a UPI mandate must be approved by 5:00 pm on the closing day.

What is the last date to apply for Himalayan Solar IPO?

29 September 2026 is the last day of bidding. Allotment is then expected on 30 September 2026, refunds and demat credit on 1 October 2026, and listing on 5 October 2026 — tentative until confirmed.

Himalayan Solar IPO Registrar where allotment and refund queries go

RegistrarMaashitla Securities Pvt.Ltd.

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Himalayan Solar IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (29 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Maashitla Securities Pvt.Ltd., not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹103 upper band means the grey market is dealing at ₹103.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.