Himalayan Solar IPO Subscription Status Day 3: Issue Subscribed 1.19 Times

Authored By HDFC SKY | Last Modified: Sep 29, 2026 06:13 PM IST

Himalayan Solar IPO Day 3 subscription status stood at 1.19x, with QIB at 1.66x, NII at 0.94x and individual investors at 1.26x as of September 29, 2026.

Open Free Demat Account

Mumbai, September 29: Himalayan Solar IPO remained open for subscription on its third and final day on September 29, 2026. The bookbuilding issue opened on September 25 and will close on September 29. The IPO comprises a fresh issue of 58.91 lakh shares aggregating up to ₹60.68 crore and an offer for sale of 7.14 lakh shares aggregating up to ₹7.35 crore. The price band is fixed at ₹98 to ₹103 per share. The lot size is 1,200 shares, with individual investors required to apply for a minimum of two lots, or 2,400 shares. At the upper price band, the minimum investment is ₹2,47,200.

Himalayan Solar IPO Day 3 Subscription Status

As of 5:35:00 PM on September 29, 2026, the cumulative subscription stood at 1.19 times. The QIB portion excluding anchor allocation was subscribed 1.66 times, while NII demand stood at 0.94 times. Individual investors subscribed 1.26 times.

Subscription Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	5,02,800	8,36,400	1.66x
NII	18,79,200	17,72,400	0.94x
bNII (>₹10L)	12,52,800	15,90,000	1.27x
sNII (<₹10L)	6,26,400	1,82,400	0.29x
Individual Investors	31,39,200	39,64,800	1.26x
Total	55,21,200	65,73,600	1.19x

The cumulative subscription data was updated at 5:35:00 PM on September 29, 2026, marking Day 3 and the final day of the issue.

Himalayan Solar Day-wise Subscription Summary

The cumulative subscription increased from 0.51 times on Day 1 to 1.19 times on Day 3.

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
September 29, 2026 (Day 3)	1.66x	0.94x	1.27x	0.29x	1.26x	1.19x

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 Himalayan Solar IPO

Himalayan Solar IPO is a ₹68.03 crore bookbuilding issue comprising a fresh issue of 58.91 lakh shares aggregating up to ₹60.68 crore and an offer for sale of 7.14 lakh shares aggregating up to ₹7.35 crore. The IPO opened for subscription on September 25, 2026, and will close on September 29, 2026. The price band has been fixed at ₹98 to ₹103 per share, with a lot size of 1,200 shares. Individual investors need to apply for a minimum of two lots, or 2,400 shares, amounting to ₹2,47,200 at the upper price band. The minimum HNI application is three lots, or 3,600 shares, requiring ₹3,70,800 at the upper price band. The IPO is scheduled to list on the NSE SME platform, with the tentative listing date set for October 5, 2026. Finshore Management Services Ltd. is the book running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar to the issue.

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