Himalayan Solar IPO Listing Price, Gain & Allotment

The issue size is ₹68.03 Cr.

Revenue rose from ₹138.65 Cr in FY24 to ₹171.69 Cr in FY26, a compound annual growth of 11.3%. Profit after tax grew from ₹4.95 Cr to ₹20.67 Cr. That is a net profit margin of 12% in FY26. Borrowings were 0.77 times net worth at the end of FY26.

Himalayan Solar listed at ₹85 on 5 Oct 2026, -17.5% against the issue price of ₹103. It closed the first day at ₹84.85 (-17.6%).

Himalayan Solar is an SME IPO worth ₹68.03 crore with a price band of ₹98 – 103 per share. The issue opens on 25 September 2026 and closes on 29 September 2026. Shares are expected to list on 5 October 2026 on NSE SME.

Himalayan Solar IPO is a book build issue of Rs. 68.03 Cr (0.66 crore shares) by Himalayan Solar Limited, which specializes in providing integrated turnkey solar energy solutions, offering services including design, manufacturing, supply, installation, and commissioning of a 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.

Turnkey Solar Energy Solutions for Solar Projects: The EPC Contract offers comprehensive turnkey solar energy solutions, which include design, manufacturing, supply, installation & commissioning services of a 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 cells, Solar Batteries, and other solar products.