Himalayan Solar Limited, a leading company in the manufacturing sector of solar PV modules and solar energy solutions, has announced its upcoming IPO at Rs. 98 to Rs. 103 price band has been announced. The issue will next open on 25th September and close on 29th September. While anchor bidding will open on 24th September. The company through this IPO raised Rs. 5802.94 lakh plans to raise and will be listed on NSE Emerge. Finshore Management Services Ltd. is the book running lead manager of this issue. Himalayan Solar Ltd. Out of the proceeds from the IPO, Rs. 1298.30 lakhs will be used for expansion of manufacturing facilities and purchase of additional plant and machinery for upgradation. Rs. 211.99 lakh will be spent on repayment. While Rs. 2950 lakhs to meet the working capital requirement and spend the other amount for general corporate purposes.
Himalayan Solar's IPO will open on September 25 (IPO) is featured on Aapnu Amdavad — the digital home of Ahmedabad, where Amdavadis discover news and everything happening across the city.