Himalayan Solar IPO Subscription Status Day 2: Issue Subscribed 0.71 Times

Authored By HDFC SKY | Last Modified: Sep 28, 2026 06:46 PM IST

Himalayan Solar IPO was subscribed 0.71x on Day 2, with QIB at 1.58x, NII at 0.26x and retail at 0.84x as of 5:49 PM on September 28 2026.

Himalayan Solar IPO Subscription Status Day 2

Open Free Demat Account

Mumbai, September 28: Himalayan Solar IPO, a bookbuilding issue of ₹68.03 crore, opened for subscription on September 25 2026 and will close on September 29 2026. The issue comprises a fresh issue of 58.91 lakh shares aggregating ₹60.68 crore and an offer for sale of 7.14 lakh shares aggregating ₹7.35 crore. On the second day of bidding, the Himalayan Solar IPO was subscribed 0.71 times as of 5:49 PM on September 28 2026, according to the subscription data.

Himalayan Solar IPO Day 2 Subscription Status

The IPO received bids for 39,10,800 shares against 55,21,200 shares offered to the public, taking the overall subscription to 0.71 times as of 5:49 PM on September 28 2026.

Category	Subscription (x)	Shares Offered	Shares Bid For
QIB (Ex Anchor)	1.58x	5,02,800	7,92,000
NII	0.26x	18,79,200	4,88,400
bNII (>₹10L)	0.36x	12,52,800	4,54,800
sNII (<₹10L)	0.05x	6,26,400	33,600
Individual Investors	0.84x	31,39,200	26,30,400
Total	0.71x	55,21,200	39,10,800

The anchor portion of 7,52,400 shares was subscribed 1.00 times, while the market maker portion of 3,31,200 shares was also subscribed 1.00 times.

Himalayan Solar Day-Wise Subscription Summary

The IPO was subscribed 0.51 times on Day 1 and 0.71 times on Day 2.

Date	QIB (Ex Anchor)	NII	bNII (>₹10L)	sNII (<₹10L)	Individual Investors	Total
September 25 2026 (Day 1)	0.85x	0.42x	0.62x	0.04x	0.51x	0.51x
September 28 2026 (Day 2)	1.58x	0.26x	0.36x	0.05x	0.84x	0.71x

Himalayan Solar IPO Timeline

IPO Milestone	Date
Issue Open Date	September 25 2026
Issue Close Date	September 29 2026
Basis of Allotment Date	September 30 2026
Initiation of Refunds	October 1 2026
Credit of Shares	October 1 2026
Listing Date	October 5 2026

Brief Overview Of The IPO

Himalayan Solar IPO is a bookbuilding issue of ₹68.03 crore, comprising a fresh issue of 58,91,000 shares aggregating ₹60.68 crore and an offer for sale of 7,14,000 shares aggregating ₹7.35 crore. The price band is fixed at ₹98 to ₹103 per share, while the lot size is 1,200 shares. Retail investors can apply for a minimum of 2,400 shares, requiring an investment of ₹2,47,200 at the upper price band. The minimum application for S-HNI investors is three lots, or 3,600 shares, amounting to ₹3,70,800. The IPO closes on September 29 2026. The basis of allotment is expected on September 30, followed by refunds and credit of shares on October 1. The shares are scheduled to list on the NSE SME platform on October 5 2026.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=HIMALAYAN&series=SME&type=Active

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations.
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025-26.

IPO