Price Band Fixed at ₹ 98–₹ 103 per Share: Issue to Open from September 25, 2026 to September 29, 2026 and Anchor open on September 24, 2026
- As on July 31,2026,our Company has10 ongoing projectswithan aggregate unexecuted Order Book value of ₹ 14,021.69 Lakhs
- Himalayan Solar Limited specializes in manufacturing of Solar PV Modules and providing Solar turnkey solar energy solutions such as Solar EPC contracts, Solar support services and sale of solar products.
Ahmedabad, September 22, 2026: Himalayan Solar Limited, a company specializing in the manufacturing of Solar PV Modules and solar energy solutions, today announced the price band of ₹ 98 – ₹ 103 per equity share for its forthcoming initial public offering (IPO). The issue will open for subscription on Friday, September 25,2026 and will close onTuesday,September 29,2026. The Anchor Investor bidding will open on Thursday, September 24, 2026
The company intends to raise ₹ 6,802.94 Lakhs through this IPO and will be listed on NSE Emerge. Finshore Management Services Limited is the Book Running Lead Manager (BRLM) to the issue, while Maashitla Securities Private Limited is the Registrar.
The IPO comprises a fresh issue up to 58,90,800 equity shares and offer for sale up to 7,14,000 equity shares of face value ₹10/- each through the book-building process. Up to 3,31,200 Equity Shares Reservation for Market Maker and Of the total net offering to public, at least 18,79,200 equity shares for Non-Institutional Investors (NII), Up to 12,55,200 equity shares for Qualified Institutional Buyers (QIBs), and at least 31,39,200 equity shares for the Individual Investors portion.
Himalayan Solar Limited intends to utilise up to ₹ 1,298.30 lakhs of the IPO proceeds towards Capital Expenditure for the purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility; up to ₹ 211.99 lakhs for repayment/pre-payment of outstanding borrowings and up to ₹ 2,950 lakhs for working capital requirements of our Company and while the remaining proceeds will be used for general corporate purposes.
Incorporated in 2015, Himalayan Solar Limited 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. We cater to various projects across India and are proudly empanelled as an esteemed Solar Partner with several State Governments like Government of Haryana, Rajasthan, Maharashtra, Punjab, Madhya Pradesh. Our company has been awarded with ISO 9001:2015 for Quality Management System in the design, manufacturing, and supply of Solar PV Modules/Panels, Solar Pump Controllers, Solar Charge Controllers, and Solar Water Pumping Systems.
As on July 31, 2026, our Company has 10 ongoing projects with an aggregate unexecuted Order Book value of ₹ 14,021.69 Lakhs comprising majorly government projects. The revenue breakup for the fiscal 2026, includes Solar EPC Contract (97.54%), Solar Support Services (2.35%) and Sale of solar products (0.11%).
For the fiscal 2026, Himalayan Solar Limited posted a revenue from operations of ₹17,034.32 lakhs and a profit after tax (PAT) of ₹2,066.61 lakhs with 12.13% PAT Margin. For the fiscal 2025, the company recorded a revenue of ₹14,243.73 lakhs and a PAT of ₹1,643.06 lakhs with 11.54% PAT Margin.
For more information, please visit: https://himalayansolar.co.in/investors/
