Himalayan Solar IPO Price, List Date, Subscription Details

Products

Investments

Markets

Key Performance Indicators	Mar 2024	Mar 2025	Mar 2026
Operating Revenue	138.32	142.44	170.34
Other Income	0.33	0.70	1.35
Total Income	138.65	143.14	171.69
Total Expenses	131.77	121.15	144.00
Profit Before Tax	6.87	21.99	27.69
Total Profit	4.95	16.43	20.67

Key Performance Indicators

Mar 2024

Mar 2025

Mar 2026

Operating Revenue

138.32

142.44

170.34

Other Income

0.33

0.70

1.35

Total Income

138.65

143.14

171.69

Total Expenses

131.77

121.15

144.00

Profit Before Tax

6.87

21.99

27.69

Total Profit

4.95

16.43

20.67

Key Performance Indicators	Mar 2024	Mar 2025	Mar 2026
Operating Revenue	138.32	142.44	170.34
Other Income	0.33	0.70	1.35
Total Income	138.65	143.14	171.69
Total Expenses	131.77	121.15	144.00
Profit Before Tax	6.87	21.99	27.69
Total Profit	4.95	16.43	20.67

Key Performance Indicators

Mar 2024

Mar 2025

Mar 2026

Operating Revenue

138.32

142.44

170.34

Other Income

0.33

0.70

1.35

Total Income

138.65

143.14

171.69

Total Expenses

131.77

121.15

144.00

Profit Before Tax

6.87

21.99

27.69

Total Profit

4.95

16.43

20.67

Purpose	Amount
The company intends to expand its manufacturing capacity from 60 MW to 160 MW per annum by acquiring additional machinery at its existing facility in Karnal, Haryana, incorporating advanced technologies including Glass-to-Glass (G2G) and up to 25 Busbar Solar PV Panels, at an estimated cost of up to a specified amount in lakhs.	13
The company proposes to repay/prepay outstanding term loan borrowings availed from ICICI Bank, originally used for upgrading production capacity, to reduce interest burden, improve the debt-equity ratio, and enhance overall financial flexibility.	2
The company intends to utilize a portion of the net proceeds to fund incremental working capital requirements arising from expansion in manufacturing capacity, product mix upgrade, and anticipated increase in sales volumes in both domestic and export markets.	30
The balance net proceeds are proposed to be utilized for general corporate purposes including strategic initiatives, brand building, marketing activities, meeting operating expenses, and other business exigencies, subject to a cap of 15% of gross proceeds or Rs. 10 crores, whichever is lower.	-

Purpose

Amount

The company intends to expand its manufacturing capacity from 60 MW to 160 MW per annum by acquiring additional machinery at its existing facility in Karnal, Haryana, incorporating advanced technologies including Glass-to-Glass (G2G) and up to 25 Busbar Solar PV Panels, at an estimated cost of up to a specified amount in lakhs.

The company proposes to repay/prepay outstanding term loan borrowings availed from ICICI Bank, originally used for upgrading production capacity, to reduce interest burden, improve the debt-equity ratio, and enhance overall financial flexibility.

The company intends to utilize a portion of the net proceeds to fund incremental working capital requirements arising from expansion in manufacturing capacity, product mix upgrade, and anticipated increase in sales volumes in both domestic and export markets.

The balance net proceeds are proposed to be utilized for general corporate purposes including strategic initiatives, brand building, marketing activities, meeting operating expenses, and other business exigencies, subject to a cap of 15% of gross proceeds or Rs. 10 crores, whichever is lower.