Himalayan Solar IPO Description – Himalayan Solar operates in the solar energy solutions sector, providing integrated turnkey solar projects that cover the entire value chain from design and manufacturing to supply, installation, and commissioning of solar systems. Its primary focus is on Solar Water Pumping Systems, while it also offers Solar Inverter Charging Systems and Solar Rooftop Power Systems for commercial and institutional applications.
The company has developed significant execution capabilities in government-led renewable energy programs. As of 31 March 2025, it has implemented more than 61,000 HP capacity of solar water pumping systems across various government projects in India. This installed capacity is expected to increase to 1,00,000 HP by FY26. The company is also empanelled as a solar partner with several state government departments. As of 31 August 2025, the company have employed a staff of 64.
Promoters of Himalayan Solar – Mr. Manjeet Singh, Mr. Himanshu Dalal, Mr. Mehtab Singh, Mrs. Anita Kumari
Himalayan Solar IPO Details
| Himalayan Solar IPO Dates | Coming soon |
| Himalayan Solar Issue Price | Coming soon |
| Fresh Issue | 51,78,000 shares |
| Offer For Sale | 5,98,800 shares |
| Total IPO Size | 57,76,800 shares |
| Minimum Bid | Coming soon |
| Lot Size | Coming soon |
| Pre-issue Shares | 1,62,18,899 shares |
| Face Value | INR 10 per share |
| Listing On | NSE Emerge |
Himalayan Solar IPO Category Allocation
Himalayan Solar Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 47.59 | 138.32 | 142.44 |
| Expenses | 46.80 | 131.77 | 121.15 |
| Net Income | 0.58 | 49.39 | 15.85 |
| Margin (%) | 1.22 | 35.71 | 11.13 |
Himalayan Solar Offer News
Himalayan Solar Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.36 | 3.05 | 9.77 |
| PE Ratio | – | – | – |
| Price/Book Ratio | – | – | – |
| Current Ratio | 1.15 | 1.08 | 1.31 |
| Price/Sales Ratio | – | – | – |
| RONW (%) | 10.81 | 47.83 | 61.28 |
| NAV | 3.32 | 6.37 | 15.95 |
| ROCE (%) | 10.81 | 47.83 | 61.28 |
| EBITDA (%) | 4.76 | 5.66 | 16.55 |
| Debt/Equity | 3.53 | 2.28 | 1.04 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Himalayan Solar IPO Anchor Investors
Himalayan Solar raises () from anchor investors. Himalayan Solar Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Himalayan Solar Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Funding capital expenditure towards the purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility – INR 12.98 crore
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company. – INR 2.60 crore
- For working capital requirement – INR 24.59 crore
- General corporate purposes
Himalayan Solar IPO GMP Today
Himalayan Solar IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 2,89,200 shares and the anchor investor portion of () shares are not included in the above calculations.
Himalayan Solar IPO Allotment Status
You can check the Himalayan Solar IPO allotment status on Maashitla Securities’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Himalayan Solar IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| IPO Listing Date | Coming soon |
| Opening Price on NSE Emerge | Coming soon |
| Closing Price on NSE Emerge | Coming soon |
Himalayan Solar Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
Himalayan Solar Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji
Subhash Place, Pitampura, New Delhi-110034
Tel: 011-47581432
E-mail: [email protected]
Website: www.maashitla.com
HIMALAYAN SOLAR LIMITED
SCO-411 2nd Floor, Sector 20, Panchkula,
Haryana-134117, India
Phone: +91 7087117405
E-mail: [email protected]
Website: www.himalayansolar.co.in
IPO Resources
What is the Himalayan Solar offer size?
Himalayan Solar offer size is INR NA crores.
What is the Himalayan Solar offer price band?
Himalayan Solar public offer price is INR NA per share.
What is the lot size of the Himalayan Solar IPO?
Himalayan Solar offer lot size is NA shares.
What is the Himalayan Solar IPO GMP today?
Himalayan Solar IPO GMP today is INR NA per share.
What is the Himalayan Solar kostak rate today?
Himalayan Solar kostak rate today is INR NA per application.
What is the Himalayan Solar IPO Subject to Sauda rate today?
Himalayan Solar Subject to Sauda rate today is INR NA per application.
