FY26
Assets158.22
Net Worth46.93
Total Debt36.12
RevenueAnnualised basis170.34
EBITDAAnnualised basis29.04
PATAnnualised basis20.67
EBITDA Margin (%)17.05
At a glance
Updated 2026-10-08 05:28:13Himalayan Solar is an IPO with an issue size of ₹68.03 crore, proposed for listing on NSE EMERGE. The offer opens on 25 Sep 2026 and closes on 29 Sep 2026. The current listing schedule points to 5 Oct 2026.
Issue details
Listing atNSE EMERGE
Issue size₹68.03 Cr
Price band₹98.00
Allotment30 Sep 2026
Listing5 Oct 2026
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹98.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25 Sep 2026
Closes29 Sep 2026
Allotment30 Sep 2026
Listing5 Oct 2026
Subscription demand
Full bidding ↗QIB0.00×
sHNI0.02×
bHNI0.32×
NII / HNI0.32×
Retail0.06×
Total1.18×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2400 | ₹247,200 |
| S-HNI (Min) | 3 | 3600 | ₹370,800 |
| S-HNI (Max) | 8 | 9600 | ₹988,800 |
| B-HNI (Min) | 9 | 10800 | ₹1,112,400 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding Capital Expenditure | ₹12.98 Cr |
| Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings | ₹2.12 Cr |
| To meet working capital requirements | ₹29.50 Cr |
| General Corporate Expenses | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets32.54₹ Cr · -61.3% vs prior year
Net Worth5.38₹ Cr · -47.9% vs prior year
FY25
Assets93.83
Net Worth25.87
Total Debt26.93
RevenueAnnualised basis142.43
EBITDAAnnualised basis23.57
PATAnnualised basis16.43
EBITDA Margin (%)16.55
FY24
Assets84.13
Net Worth10.32
Total Debt23.53
RevenueAnnualised basis138.31
EBITDAAnnualised basis7.82
PATAnnualised basis4.94
EBITDA Margin (%)5.65
FY23
Assets32.54
Net Worth5.38
Total Debt18.98
RevenueAnnualised basis47.58
EBITDAAnnualised basis2.52
PATAnnualised basis0.58
EBITDA Margin (%)5.30
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Himalayan Solar IPO | — | 11.02 x | — | — |
| Infrax Renewable IPO | — | 14.51 x | — | — |
| Aegeus Technologies IPO | — | 21.88 x | — | — |
| Oneindig Technologies IPO | — | 14.18 x | — | — |
Registrar & lead managers
Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-10-08 05:28:13.
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