Himalayan Solar Limited IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹98 – ₹103
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,23,600
- Total Issue Size
- ₹68.03 Cr
- 66,04,800 shares
- Fresh Issue
- ₹60.68 Cr
- 58,90,800 shares
- Offer for Sale
- ₹7.35 Cr
- 7,14,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,62,18,899
- Shares Post-Issue
- 2,21,09,699
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
2 lots · 2,400 shares
Retail (max)
2 lots · 2,400 shares
S-HNI (min)
3 lots · 3,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,47,200 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹3,70,800 |
| Big HNI (B-HNI) | 9 | 10,800 | ₹11,12,400 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 93.83 | 84.14 | 32.54 |
| Total Income | 143.14 | 138.65 | 47.62 |
| Profit After Tax | 15.85 | 4.94 | 0.58 |
| EBITDA | 23.58 | 7.83 | 2.26 |
| Net Worth | 25.87 | 10.33 | 5.39 |
| Reserves & Surplus | 22.27 | 6.72 | 1.78 |
| Total Borrowing | 26.95 | 23.54 | 18.99 |
Key Performance Indicators
| Period | Mar-25 |
|---|---|
| ROCE (%) | 61.28 |
| EPS (₹) | 9.77 |
| P/E (pre-issue) | 10.54 |
| P/E (post-issue) | 14.37 |
About Himalayan Solar Limited
Incorporated in 2015, Himalayan Solar Limited is 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. They provide solar energy solutions for Solar Inverter Charge Systems and Solar Rooftop Power Systems. As on March 31, 2025, they have a qualitative experience in implementation of more than 61000 HP capacity of Solar Water Pumping Systems as part of Government Projects in India and this quantity will further increase to 100000 HP by end of FY 2025-26. As on August 31, 2025, the Company have employed 64 employees. Competitive Strengths: Experienced Solar PV Module Manufacturer Experienced Promoters backed by a strong management team Strong Presence in Government-Focused Renewable Energy Projects Across Multiple States Strong relationship with customers and suppliers. Ability to implement our Solar Products portfolio is Government-backed Solar Projects as supplemental value addition along with their manufacturing business. Strong Order Book
Company Information
- Book running lead managers
- Finshore Management Services Ltd.
- Registered office
- SCO-411 2nd Floor,, Sector 20,, Panchkula, Haryana, 134117