Himalayan Solar IPO
The Himalayan Solar IPO was a ₹60.68 crore SME issue (fresh issue and offer for sale), open for bidding from 25 Sep to 29 September 2026 at a price band of ₹98 to ₹103. The final issue price was ₹103. Investors bid for 69,04,800 shares through 1,719 applications. Shares listed on NSE SME on 5 October 2026 at ₹85.00, 17.5% below the issue price, and closed the first day at ₹84.85.
- Listing gain at open
- −17.5%₹85.00 vs ₹103
- Issue price
- ₹103Band ₹98 to ₹103
- Lot size
- 1,200 sharesMinimum ₹2,47,200
- Issue size
- ₹60.68 crore
- Subscribed
- Not available
- Listed
- 5 Oct 2026NSE SME
Price and lots
Himalayan Solar IPO details
NSE issue details| Bidding dates | 25 Sep 2026 to 29 Sep 2026 |
| Listing date | 5 October 2026 |
| Price band | ₹98 to ₹103 |
| Final issue price | ₹103 |
| Face value | ₹10 per share |
| Lot size | 1,200 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,47,200 (2,400 shares, our calculation) |
| Issue size | ₹60.68 crore (our calculation from the NSE issue details) |
| Type of issue | Book Building, Fresh issue and offer for sale |
| Listed on | NSE SME |
| NSE symbol | HIMALAYAN |
| ISIN | INE1B7I01014 |
| Lead managers | Finshore Management Services Limited |
| Registrar | Maashitla Securities Private Limited |
Subscription and listing
Himalayan Solar IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 8,36,400 | 5 |
| Non-institutional | 21,03,600 | 62 |
| Individual investors | 39,64,800 | 1,652 |
| Total | 69,04,800 | 1,719 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹85.00 |
| High | ₹86.00 |
| Low | ₹81.00 |
| Close | ₹84.85 |
| Gain at open | −17.5% |
| Gain at close | −17.6% |
| Shares traded | 34,33,200 |
Latest: closed at ₹84.00 on NSE on 6 November 2026, −18.4% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Himalayan Solar IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing loss of 17.5% at open ranks 65th of 75. By issue size it ranks 23rd. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for October 2026.
Other SME IPOs listed in October 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Core4 Engineers | 30 Oct 2026 | ₹93 | - | −20.0% |
| Shellz India | 23 Oct 2026 | ₹179 | - | 0.0% |
| Ravita Engineering Services | 22 Oct 2026 | ₹112 | - | 0.0% |
| Vaibhav Vyapaar | 21 Oct 2026 | ₹54 | - | −2.0% |
| R.K. Fashion Accessories | 12 Oct 2026 | ₹82 | - | −2.4% |
| Acme India Industries | 9 Oct 2026 | ₹196 | - | +12.8% |
Allotment
Himalayan Solar IPO allotment status
- Open the registrar's pageMaashitla Securities Private Limited is the registrar. Open its allotment page.
- Select Himalayan Solar LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Himalayan Solar IPO FAQs
What was the Himalayan Solar IPO price band?
The price band was ₹98 to ₹103 per share and the final issue price was ₹103. The face value is ₹10 per share.
What was the Himalayan Solar IPO lot size?
One lot was 1,200 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,47,200.
What was the Himalayan Solar IPO listing price?
It opened at ₹85.00 on NSE SME on 5 October 2026, a loss of 17.5% over the issue price of ₹103 (our calculation). It closed the day at ₹84.85.
How do I check Himalayan Solar IPO allotment status?
Maashitla Securities Private Limited is the registrar. Select Himalayan Solar Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Himalayan Solar IPO a fresh issue or an offer for sale?
Fresh issue and offer for sale, as stated in the NSE issue details.
Who were the lead managers of the Himalayan Solar IPO?
Finshore Management Services Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.