Home
Charts
Search
Watchlist
Products
All IPOs
₹98 - 103
Himalayan Solar Ltd
Capital Goods - Electrical EquipmentIPOSME
₹98 - 103
Incorporated in 2015, Himalayan Solar Ltd installs turnkey solar-powered water pumps and rooftop power systems for state-backed agricultural irrigation programs across India. The business operates an eight-step contracting model that handles site surveys, component assembly, pre-dispatch state inspections, field installation, and remote SIM-based telemetry monitoring (p.148–149).
Lot1,200Min Invest₹2,47,200Face Value₹10Issue SizeTBA
Timeline
25 Sept
Bidding opens
29 Sept
Bidding closes
30 Sept
Allotment
1 Oct
Refund & demat credit
5 Oct
Listing
Subscription
Subscription opens 25 Sept
Reports
Offer Details
Terms
Issue SizeTBA
Face Value₹10
Lot Size1,200 shares
Application Sizes
Retail₹2,47,2001-1 lots
sNII₹2,47,200from 2 lots
bNII₹11,12,400from 9 lots
Managers & Registrar
Lead ManagerFinshore Management Services Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Objects 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 its Company
- Working Capital Requirements
- General corporate purposes
Anchor Book
30-day lock-in29-Oct-202690-day lock-in28-Dec-2026
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced promoters having deep knowledge to scale up the business.
- Established and proven track record.
- Established and proven track record.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Strategies · as stated in the DRHP
- Focus on advanced Technology-Driven Manufacturing of Solar PV Modules; Mono PERC and TopCon Bifacial Solar PV Modules.
- Improve Domestic Presence.
- Focus on Expanding geographical Network.
- Customer Satisfaction.
- Enhancing Executional Capabilities to Maintain Competitive Edge.
Risks · as stated in the DRHP
- The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- The company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountant who is not Statutory Auditors of the Company.
- The company has not taken any steps to order the machinery/equipment required for the Expansion and upgradation of the manufacturing facility. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machinery in a timely manner, or at all, the same may result in time and cost over-runs.
- The Company is dependent on a few customers for sales. Loss of any of these large customers may affect its revenues and profitability.
- The company highly depend on the company's major raw materials and a few key suppliers who help the company procure the same. The Company has not entered into long-term agreements with its suppliers for the supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices our business, results of operations and financial condition may be adversely affected.
- The majority of the company's state- wise revenues from operations for the last 3 years are dependent mainly on Haryana. Any adverse developments affecting our operations in these states could have an adverse impact on the company's revenue and results of operations.