Arete 22 IPO vs Himalayan Solar IPO

Comparison between Arete 22 IPO and Himalayan Solar IPO.

IPO Details

Arete 22 IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Himalayan Solar IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Arete 22 IPO is up to ₹0.00 Cr whereas the issue size of the Himalayan Solar IPO is up to ₹0.00 Cr. The final issue price of Arete 22 IPO is and of Himalayan Solar IPO is .

 Arete 22 IPOHimalayan Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size56,50,000 shares48,88,800 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
OFS Issue Size0 shares5,98,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,50,000 shares54,87,600 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹0.00 Cr

IPO Timetable

Arete 22 IPO opens on , while Himalayan Solar IPO opens on . The closing date of Arete 22 IPO and Himalayan Solar IPO is , and , respectively.

Financials & KPIs

Arete 22 IPO P/E ratio is , as compared to Himalayan Solar IPO P/E ratio of .

 Arete 22 IPOHimalayan Solar IPO
Financials

Company Financials (Restated Consolidated)

Arete 22 Ltd.'s revenue increased by 89% and profit after tax (PAT) rose by 473% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets277.22130.2474.06
Total Income213.47112.830.26
Profit After Tax18.993.31-0.76
EBITDA34.9814.21-0.75
NET Worth31.5412.559.24
Reserves and Surplus21.542.55-0.76
Total Borrowing215.0096.0959.80
Amount in ₹ Crore

Company Financials (Restated)

Himalayan Solar Ltd.'s revenue increased by 3% and profit after tax (PAT) rose by 221% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets93.8384.1432.54
Total Income143.14138.6547.62
Profit After Tax15.854.940.58
EBITDA23.587.832.26
NET Worth25.8710.335.39
Reserves and Surplus22.276.721.78
Total Borrowing26.9523.5418.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.40100
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE86.12
ROCE12.6261.28
Debt/Equity1.04
EPS₹12.65
RoNW60.2044.81

Shares Offered

In the Arete 22 IPO Retail Individual Investors (RII) are offered 0 shares while in Himalayan Solar IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Arete 22 IPO and 0 shares in Himalayan Solar IPO.

 Arete 22 IPOHimalayan Solar IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation0 shares2,89,200 shares
QIB0 shares0 shares
NII0 shares0 shares
RII0 shares0 shares
Employee0 shares0 shares
Others
Total0 shares0 shares

Bids Received (Subscription)

Arete 22 IPO subscribed in total, whereas Himalayan Solar IPO subscribed .

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