Himalayan Solar Limited
Promoters Mr. Manjeet Singh · Mrs. Karthyayini M · Mr. Himanshu Dalal · Mr. Mehtab Singh · Mrs. Anita Kumari
Against an issue price of ₹103. Split- and bonus-adjusted official closes — a past move, never a forecast.
Himalayan Solar Limited raised ₹68 crore through a SME-platform initial public offer.
The filing places it in Power and names five promoters: Mr. Manjeet Singh, Mrs. Karthyayini M, Mr. Himanshu Dalal, Mr. Mehtab Singh and Mrs. Anita Kumari.
The book was open from 25 September 2026 to 29 September 2026.
The issue was priced at ₹103 a share, from a band of ₹98 to ₹103.
Of the offer, ₹61 crore is a fresh issue of shares — money that goes to the company — and ₹7.35 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.
The issuer reported the offer subscribed 1.00 times, just above the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
The shares listed on 5 October 2026.
The last official close on file is ₹81 (5 November 2026), which is 21.4% below the issue price.
It now trades as HIMALAYAN, and its filed financials are on its company page.
Shares sold in the issue at ₹103 last closed at ₹81.
See HIMALAYAN’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
Share counts converted at ₹103, the final issue price.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- NSE
- Designated exchange
- NSE
- Discount
- None offered
- Registered office
- Central India
- Company website
- www.himalayansolar.co.in
- Registrar
- Maashitla Securities Private Limited
- Lead manager
- Finshore Management Services Limited
- Bidding opens25 Sept 2026
- Bidding closes29 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing5 Oct 2026
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
A snapshot WE took while the book was still open, not the final figure. It is earlier than the filed number above and can only be lower — never quote the two as one measurement. Taken 30 Sept 2026, 7:00 pm IST.
- Anchor investors11.4%7,52,400 sh
- Qualified institutional buyers7.6%5,04,000 sh
- Non-institutional investors20.1%13,30,800 sh
- Retail individual investors55.8%36,86,400 sh
- Market maker5.0%3,31,200 sh
No part of the offer was set aside for reserved portion or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
Demand falls 11.8% between ₹98 and ₹103: that share of the bids named a price below the top of the band. The axis starts at zero.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
We have not extracted an anchor allotment list for this issue.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment4 Nov 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment3 Jan 202750% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment5 Apr 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment5 Apr 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Finshore Management Services Limited 2022 – 2026 | 16 4 measurable | -6.9% | 2 of 4 | 1 of 2 | 0 of 1 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Maashitla Securities Private Limited 2023 – 2026 | 8 3 measurable | +8.0% | 2 of 3 | — | — |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Red herring prospectus (RHP)· ZIP · exchange archiveNO_TABLE
- Draft red herring prospectus (DRHP)· ZIP · exchange archive27 Sept 2025
- Anchor investor allotment· ZIP · exchange archiveThis document is a scan with no text layer — readable by eye, not by machine.
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.