Himalayan Solar IPO Subscription Status Day 3: Overall Subscription Reaches 1.19x
Varda Khade
- 0 min read
Last Updated: 29th September 2026 - 05:09 pm
Himalayan Solar IPO subscription reached 1.19 times on Day 3 on September 29, 2026. The public issue received bids for 65,71,200 shares against 55,21,200 shares available for subscription, excluding the anchor and market maker portions.
Among the main investor categories, the QIB (Ex Anchor) category recorded the highest subscription at 1.66 times, followed by Individual Investors at 1.26 times. The NII portion was subscribed 0.94 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Himalayan Solar IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 25) | 0.85 | 0.42 | 0.51 | 0.51 |
| Day 2 (September 28) | 1.58 | 0.26 | 0.84 | 0.71 |
| Day 3 (September 29) | 1.66 | 0.94 | 1.26 | 1.19 |
Here are the subscription details for Himalayan Solar IPO day 3, as of 5:05 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 7,52,400 | 7,52,400 | 7.750 |
| Market Maker | 1 | 3,31,200 | 3,31,200 | 3.411 |
| QIB | 1.66 | 5,02,800 | 8,36,400 | 8.615 |
| NII | 0.94 | 18,79,200 | 17,72,400 | 18.256 |
| Individual | 1.26 | 31,39,200 | 39,62,400 | 40.813 |
| Total | 1.19 | 55,21,200 | 65,71,200 | 67.683 |
Key Highlights – Day 3
- Himalayan Solar IPO ended Day 3 with an overall subscription of 1.19 times, compared with 0.71 times on Day 2.
- QIB participation was the highest among the main categories at 1.66 times, while Individual Investors subscribed 1.26 times.
- The NII category improved from 0.26 times on Day 2 to 0.94 times on Day 3, while total bids reached 65,71,200 shares.
Key Highlights – Day 2
- Overall subscription stood at 0.71 times at the end of Day 2, up from 0.51 times on Day 1.
- QIB subscription increased from 0.85 times to 1.58 times.
- Individual Investors subscribed 0.84 times, compared with 0.51 times on Day 1.
Key Highlights – Day 1
- Himalayan Solar IPO recorded an overall subscription of 0.51 times on its opening day.
- QIB participation stood at 0.85 times, the highest among the main investor categories.
- NII and Individual Investor subscriptions stood at 0.42 times and 0.51 times, respectively.
About Himalayan Solar
Himalayan Solar is engaged in solar PV modules and energy solutions and also provides turnkey solar solutions. The company was incorporated in 2015 and operates in India's renewable-energy sector.
The company's activities include solar-related products and solutions for customers across different applications, with its operations positioned around the growing use of solar energy infrastructure in India.
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