Solar Energy Equipment & Solutions - Listed on 05 October 2026
Himalayan Solar (Solar Energy Equipment & Solutions) closed its IPO window in 2026 and listed on NSE and BSE on 05 October 2026 at an upper band issue price of Rs 103. The IPO was subscribed 1.18x overall - QIB 1.66x, HNI/NII 0.95x, Retail 1.26x. The total issue size was available on this page. IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Solar Energy Equipment & Solutions
Himalayan Solar operates in the Solar Energy Equipment & Solutions space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Himalayan Solar issue was offered at an upper price of Rs 103 and raised approximately - crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | Rs 0 | 0.00% |
| Day 4 | - | - |
| Day 5 | - | - |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Himalayan Solar IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Himalayan Solar IPO listed on 05 October 2026. Full listing price details are listed above.
Himalayan Solar IPO was subscribed 1.18x overall. QIB portion was subscribed 1.66x, HNI / NII 0.95x and Retail 1.26x.
IPO GMP started at - on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.