Himalayan Solar IPO

Himalayan Solar IPO comprises a total issue size of 66,04,800 shares. The net offer to the public is 62,73,600 shares, after excluding 3,31,200 shares allotted on a firm basis. Of the Net offer 12,55,200 (20.01%) are allocated to QIB , 18,79,200 (29.95%) allocated to NII 31,39,200 (50.04%) allocated to RII .

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Incorporated in 2015, Himalayan Solar Limited is specializes in providing integrated turnkey solar energy solutions offering services including design, manufacturing, supply, installation, and commissioning of 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 includes design, manufacturing, supply, installation & commissioning services of 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 cell, Solar Battery and other solar products.

As on March 31, 2026, the company has implemented more than 85000 HP capacity of Solar Water Pumping Systems as part of Government Projects in India. As of Mar 31, 2026, its Polycrystalline Solar PV Modules manufacturing capacity stood at 40 MW corresponding to 1,19,000 nos. of Polycrystalline Solar PV Module and Mono PERC solar PV Modules manufacturing capacity stood at 60 MW equivalent to approximately 1,07,500 nos. of 555W-560W Mono PERC Solar PV Modules annually.

As on July 31, 2026, the Company have employed 87 employees.

Competitive Strengths:

Experienced Solar PV Module Manufacturer

Experienced Promoters backed by a strong management team

Strong Presence in Government-Focused Renewable Energy Projects Across Multiple States

Strong relationship with customers and suppliers.

Ability to implement our Solar Products portfolio is Government-backed Solar Projects as supplemental value addition along with their manufacturing business.

Strong Order Book

Himalayan Solar Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025.

The Himalayan Solar IPO is subscribed 1.19 times on September 29, 2026 6:55:00 PM (Day 3). The public issue subscribed 1.26 times in the individual investors category, 1.66 times in the QIB category, and 0.94 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Total Applications: 1,719

*Market Maker portion is not included to NII/HNI.