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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Himalayan Solar Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹103
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,23,600
Issue Size
₹68.03 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
50.04%
QIB Quota
20.01%
NII Quota
29.95%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
70.13%
Issue Type
Book Building - SME
ISIN
INE1B7I01014
Our company, 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. Additionally, we provide solar energy solutions for Solar Inverter Charge Systems and Solar Rooftop Power Systems. As on March 31, 2026, we have a qualitative experience in implementation of more than 85000 HP capacity of Solar Water Pumping Systems as part of Government Projects in India.. We cater to various projects across India and are proudly empanelled as an esteemed Solar Partner with several State Government Departments including.
India's energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormous potential for growth and development. Therefore, most of this new energy demand must be met by low-carbon, renewable sources. India's announcement India that it intends to achieve net zero carbon emissions by 2070 and to meet 50% of its electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change. India was ranked fourth in wind power capacity and solar power capacity, and fourth in renewable energy installed capacity, as of 2023. Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 15.4% between FY16 and FY23. India has 125.15 GW of renewable energy capacity in FY23. India is the market with the fastest growth in renewable electricity, and by 2026, new capacity additions are expected to double.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 66,04,800 equity shares of face value of Rs. 10 each ("Equity Shares") of Himalayan solar Limited (the "Company" or the "Issuer") for cash at a price of Rs. 103 per equity share, including a share premium of Rs. 93 per equity share (the "Issue Price"), aggregating to Rs. 68.03 Crores ("The Issue"), comprising a fresh issue of up to 58,90,800 equity shares aggregating to Rs. 60.68 Crores by the company ("Fresh Issue") and an offer for sale of up to 7,14,000 equity shares by Karthyayini M ("the Promoter Selling Shareholder" or "Selling Shareholder") aggregating to Rs. 7.35 Crores ("Offer For Sale"). Out of the offer up to 3,31,200 equity shares of face value of Rs. 10 each for cash at a price of Rs. 103 per equity share, aggregating to Rs. 3.41 Crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 62,73,600 equity shares of face value of Rs. 10 each for cash at a price of Rs. 103 per equity share, aggregating to Rs. 64.62 Crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 29.87% and 28.37% respectively of the post issue paid-up equity share capital of the company. Price Band: Rs. 103/- per equity share of face value of Rs. 10/- each. The floor price is 10.3 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as a Private Limited Company in the name of "Himalayan Solar Private Limited" on September 08, 2015 under the provisions of Companies Act, 2013 bearing Corporate Identification Number U40300HR2015PTC056609 issued by Registrar of Companies- Haryana. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to "Himalayan Solar Limited" vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company date 22th November,2024 bearing Corporate Identification Number U40100HR2015PLC056609 issued by Registrar of Companies - Haryana.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.