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HS

Himalayan Solar Limited IPO

OpenSME

— · ₹98 – ₹103 · ₹68.03 Cr

Last updated: 25 Sept 2026, 06:50 am · 1h ago
Price Band₹98 – ₹103
Lot Size—
Issue Size₹68.03 Cr
Subscription0x
  • Overview
  • Timeline
  • Subscription
  • Financials
  • Valuation
  • Documents
  1. 25 Sep 2026Open Date
  2. 29 Sep 2026Close Date
  3. 30 Sep 2026Allotment Date
  4. 5 Oct 2026Listing Date
IPO Snapshot
67/ 100
Opportunity Score
🟢 Attractive
Broker Consensus
Subscribe
GMP %
N/A
Subscription
0x
P/E
8.08x
ROE
44.04%
ROCE
35.84%
DRHP RHP

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

Himalayan Solar Limited IPO valuation · at upper band ₹103

🟢 Attractive
Market Cap (Post-IPO)
Not Available
Market Cap (Pre-IPO)
Not Available
Enterprise Value
Not Available
Earnings Per Share (EPS)
₹12.74
Net Asset Value per Share (NAV)
₹28.93
Price to Earnings (P/E) at upper band
8.08x
Price to Book (P/B)
3.56x
EV / EBITDA
Not Available
Return on Net Worth (RoNW)
44.04%
Return on Equity (ROE)
44.04%
Return on Capital Employed (ROCE)
35.84%
Debt / equity
0.77
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

DRHP / RHP IntelligenceAI

Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.

GMP (Grey Market Premium)

Not available.

No exchange publishes a grey-market premium; this is not investment advice.

Subscription

Overall
0x
QIB
0x
HNI / NII
0x
Retail
—
Employee
—

Updated 25 Sept 2026, 06:50 am

Timeline

Open Date
25 Sept 2026
Close Date
29 Sept 2026
Allotment
30 Sept 2026
Refund
01 Oct 2026
Demat Credit
01 Oct 2026
Listing
05 Oct 2026

Lot Size & Offer

Lot Size
Not Available
Min Investment
Not Available
Fresh Issue
Not Available
Offer for Sale
Not Available

Issue Structure

Issue Type
Book Building
Face Value
₹10
Fresh Issue
58,90,800 shares

New shares — the money goes to the company.

Offer for Sale
7,14,000 shares

Existing shares — the money goes to the selling shareholders.

As stated in the issue information filed with NSE.

Reservation

QIB
50%
NII / HNI
15%
Retail
35%
Employee
Not Available

Objectives of the Issue

  • Funding Capital Expenditure towards purchase of additional plant and machinery for expansion and upgradation of existing manufacturing facility.
  • Repayment and / or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company.
  • To meet Working Capital Requirements
  • General Corporate Expenses

Financial Highlights (₹ Cr)

Not Available

Revenue Growth
Not Available
PAT Growth
Not Available
EBITDA
Not Available
EBITDA Margin
17.05%
ROE
44.04%
ROCE
35.84%
Debt / equity
0.77
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
Maashitla Securities Private Limited
Contact Person
Mr Mukul Agrawal
Email
ipo@maashitla.com
Phone
011-47581432
Address
451, Krishna Apra Business Square Netaji Subhash Place, Pitampura, North West, New Delhi, Delhi, India, 110034.
Book Running Lead Managers
  • Finshore Management Services Limited

Offer Documents

RHP DRHP Basis of Issue Price Anchor Allocation

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 25 Sept 2026, 06:50 am

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 25 Sept 2026, 06:52 am

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, collected daily from grey-market sources — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

Compare with listed peers

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