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Himalayan Solar IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ [●] Cr. The company is based in Panchkula and caters to Solar sector. Finshore Management Services is the merchant banker of Himalayan Solar IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th September 2025. Himalayan Solar IPO open date is [●] and close date is [●]. IPO Allotment Date is [●] and Listing date is [●].
IPO
Size:
₹ Cr.
Avg IPO Size (Sector Based)
: ₹
37.89 cr.
Sector: Solar
SME
IPO so far:
18
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
54
City:
Panchkula
SME
IPO so far:
2
Revenue (annualised):
₹
142.43
cr. 
PE
Ratio:
x
Average Sector PE Ratio: 19.74x
Himalayan Solar IPO size is ₹ [●] with IPO price of ₹ [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by our Company | [●] |
| Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility | [●] |
| To meet the Working Capital Requirements | [●] |
| General Corporate Purposes | [●] |
Finshore Management Services Limited is the book-running lead manager of the Himalayan Solar IPO. Maashitla Securities Private Limited is the Registrar for Himalayan Solar IPO.
Himalayan Solar IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Himalayan Solar IPO, based in Panchkula, operates in the Solar sector with a focus on Specializes in providing integrated turnkey solar energy solutions offering services including design, manufacturing, supply, installation, and commissioning of wide range of solar products.. The company is launching its SME Upcoming IPO on the NSE EMERGE exchange, using the Book Building Issue method. Himalayan Solar IPO size is ₹ [●] with fresh issue size of ₹ 0 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Himalayan Solar IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Himalayan Solar IPO allotment status on the registrars website, Maashitla Securities Private Limited . Himalayan Solar IPO refund dates are [●].
Himalayan Solar IPO is expected to be listed on [●].
The upper price band for the Himalayan Solar IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Himalayan Solar IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Himalayan Solar IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of Himalayan Solar IPO is finalised.
The merchant banker for Himalayan Solar IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Himalayan Solar IPO RHP for further details.
The registrar for Himalayan Solar IPO is Maashitla Securities Private Limited . Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Himalayan Solar IPO through their official website or helpline.
Himalayan Solar IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
[●]
Avg IPO Size (Sector Based)
:
₹ 37.89 Cr.
Sector: Solar
SME
IPO so far:
18
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
54
City:
Panchkula
SME
IPO so far:
2
Revenue (annualised):
₹ 142.43 cr.
PE
Ratio:
[●]
Average Sector PE Ratio: 19.74x
Himalayan Solar IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Himalayan Solar Financial Review Page
Merchant Banker(s) of Himalayan Solar IPO: Finshore Management Services Limited
Himalayan Solar IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Himalayan Solar IPO listed at a listing price of against the offer price of .
The current market price of Himalayan Solar is .
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