Himalayan Solar SME IPO GMP History
Himalayan Solar SME IPO has been listed on October 5, 2026 at a listing price of ₹85, against the issue price of ₹103 — a loss of ₹18 (-17.48%). The GMP peaked at ₹0 on 5 October 2026 and reached a low of ₹0 on 5 October 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Himalayan Solar SME IPO raised ₹68.03 Cr. through its IPO at a price band of ₹98 to ₹103 per share, with a lot size of 1200 shares. The IPO was open for subscription from 25 Sep 2026 to 29 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 7 Oct, 6:00 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 05 Oct 2026 | ₹ 0 | — | 0% | — | — |
| 04 Oct 2026 | ₹ 0 | — | 0% | — | — |
| 03 Oct 2026 | ₹ 0 | — | 0% | — | — |
| 02 Oct 2026 | ₹ 0 | — | 0% | — | — |
| 01 Oct 2026 | ₹ 0 | — | 0% | — | — |
| 30 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 29 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 28 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 27 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 26 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 25 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 24 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 23 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 22 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 21 Sep 2026 | ₹ 0 | — | 0% | — | — |
Himalayan Solar SME IPO dates
Key dates from opening to listing. Today is 8 November.
- Open 25 Sep 2026
- Close 29 Sep 2026
- Allotment 30 Sep 2026
- Refund/credit 01 Oct 2026
- Listing 05 Oct 2026
Himalayan Solar SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹103 |
|---|---|
| Listing gain / loss | −₹18 per share |
| Listing date | 05 Oct, 2026 |
| Actual listing price | ₹85 (-17.48%) |
Is Himalayan Solar SME IPO GMP reliable?
Grey market premium for Himalayan Solar SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Himalayan Solar SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Himalayan Solar SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Himalayan Solar SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Himalayan Solar SME IPO
Himalayan Solar Limited was started in 2015. It provides integrated turnkey solar energy solutions, meaning it handles design, manufacturing, supply, installation and commissioning rather than just selling equipment. Its main focus is solar water pumping systems, which let farmers run irrigation pumps on solar power instead of diesel or grid electricity. It also supplies solar inverter charge systems and rooftop power systems.
The business has three parts. The first is turnkey solar EPC work, covering the complete design through to commissioning of solar projects. The second is its solar water pumping system business, where the pumps and pump controllers are manufactured through an original equipment manufacturer arrangement and then branded and sold as Himalayan Solar. The third is support services under a skill development programme, for which it has signed a memorandum of understanding with the National Skill Development Corporation as the industry exclusive franchisee partner for solar, to support onboarding up to 2,00,000 people at panchayat level.
Frequently asked
What is the GMP of Himalayan Solar SME IPO?
The current Grey Market Premium (GMP) of Himalayan Solar SME IPO is not yet started or active in the market.
What is the Kostak Price of Himalayan Solar SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Himalayan Solar SME IPO is not available.
What is the Subject to Sauda Price of Himalayan Solar SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Himalayan Solar SME IPO?
Himalayan Solar SME IPO listed on October 5, 2026 at ₹85, against the issue price of ₹103 — a loss of -17.48%.
How did the GMP of Himalayan Solar SME IPO trend before listing?
The GMP of Himalayan Solar SME IPO was stable in its final days before listing. The GMP peaked at ₹0 on 5 October 2026. View the day-wise table above for the complete GMP history.
Explore Himalayan Solar SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
