Himalayan Solar IPO Subscription Status
Final figures at close of bidding: 5 Oct 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 1.66x |
| NII | 0.94x |
| sNII (₹2L–₹10L) | 0.29x |
| bNII (above ₹10L) | 1.27x |
| Retail (RII) | 1.26x |
| Total | 1.19x |
Bidding day 5
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.85x | 0.04x | 0.62x | 0.51x | 0.51x |
| Day 2 | 0.85x | 0.04x | 0.62x | 0.51x | 0.51x |
| Day 3 | 0.85x | 0.04x | 0.62x | 0.51x | 0.51x |
| Day 4 | 1.58x | 0.05x | 0.36x | 0.84x | 0.71x |
| Day 5 | 1.66x | 0.29x | 1.27x | 1.26x | 1.19x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Himalayan Solar IPO ran across 5 recorded days: overall subscription stood at 0.51× at the close of day 1, read 0.51× at the end of day 2, read 0.51× at the end of day 3, read 0.71× at the end of day 4, and finished at 1.19× on day 5. On the final day it was qualified institutional buyers (QIB) driving the book, at 1.66× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 5, when the overall multiple moved from 0.71× to 1.19×.
Category detail
Institutional demand closed at 1.66× of the QIB quota. Non-institutional investors came in at 0.94×, split 0.29× in the small-NII bucket (bids under ₹10 lakh) and 1.27× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 1.26× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 1.66× and non-institutional investors (NII) at the bottom at 0.94×.
What the multiple means for allotment
A retail multiple of 1.26× means bids in the category outnumbered the shares set aside for it roughly 1.26 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 1200 shares — ₹1,23,600 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Himalayan Solar IPO open and close?
- The Himalayan Solar IPO opens on 25 Sept 2026 and closes on 29 Sept 2026.
- How many times was the Himalayan Solar IPO subscribed?
- The Himalayan Solar IPO was subscribed 1.19 times in total across all investor categories.
- What is the reservation split in the Himalayan Solar IPO?
- Of the total shares offered, retail investors get 50.04%, QIBs 8.01% (plus 11.99% anchor), non-institutional investors 29.95%.