🧵 Harikanta Overseas IPO Subscription Day 2 Report — 21 May 2026

The Harikanta Overseas IPO is on Day 2 of subscription today, 21 May 2026, having opened on 20 May 2026 on BSE SME. This Surat-based synthetic textile fabric exporter is raising ₹25.63 crore via a 100% fresh issue at a price band of ₹91–₹96 per share. ⚠️ Issue closes TOMORROW 22 May 2026 — last chance to apply! Allotment 25 May, listing 27 May 2026.

📊 Day 2 Subscription Status — Category Wise

• Overall Subscription: Day 2 data for Harikanta Overseas IPO subscription status is building up. The issue is currently in undersubscribed territory, presenting better allotment chances for applicants on Day 2.

• Retail (RII) Category: Retail bids for Harikanta Overseas IPO are being recorded on Day 2. With GMP at ₹0, retail enthusiasm is moderate — but allotment probability remains favourable for applicants who enter early.

• NII / HNI Category: NII participation is at early stage. GMP at ₹0 and absence of grey market activity indicates moderate HNI interest for this textile export IPO.

• QIB Category: QIB quota is 50% for Harikanta Overseas IPO. Institutional bids are expected to arrive on the final day tomorrow (22 May). QIB data will determine the overall subscription trajectory.

• IPOView Day 2 Assessment: Since today is Day 2 and the issue closes tomorrow, investors interested in this textile export story should review the RHP today and decide. GMP at ₹0 signals cautious grey market sentiment. However, the company's 64% export revenue concentration and 12.6% PAT margin are notable positives. Track live Harikanta Overseas subscription updates on IPOView.

📈 Harikanta Overseas IPO GMP Today — 21 May 2026

The Harikanta Overseas IPO GMP today is ₹0. No grey market premium activity at this stage. Expected listing at issue price of ₹96. Track live Harikanta Overseas GMP updates on IPOView for any movement before listing on 27 May 2026.

🏭 Company Overview — Harikanta Overseas Ltd

Harikanta Overseas Limited was incorporated in 2018 and operates a synthetic textile fabric manufacturing unit in Surat, Gujarat at Sai Ram Industrial Estate-2, Bamroli, spread across 953.93 sq. ft. The company manufactures saree fabrics, polyester garment fabrics, dhupion fabrics, poly linen, and Ikat fabrics catering primarily to women's ethnic wear and garment markets. Its biggest differentiator is strong export orientation — approximately 64% of FY25 operating revenue came from international markets including Cambodia, Thailand, Bahrain, and Singapore. This gives Harikanta a distinct edge over purely domestic textile SMEs and provides meaningful forex revenue diversification.

📋 IPO Key Details

• Exchange: BSE SME

• Issue Type: Book-Built (100% Fresh Issue, No OFS)

• Issue Size: ₹25.63 Crore | 26.69 lakh shares

• Price Band: ₹91 – ₹96 per share | Face Value: ₹10

• Lot Size: 1,200 shares | Min. Investment: ₹2,30,400 (2 lots = 2,400 shares)

• HNI Min. Investment: ₹3,45,600 (3 lots = 3,600 shares)

• Open Date: 20 May 2026 | Close Date: 22 May 2026 (TOMORROW — LAST DAY!)

• Allotment Date: 25 May 2026 | Listing Date: 27 May 2026

• Registrar: Bigshare Services Pvt. Ltd.

• Lead Manager: Interactive Financial Services Ltd.

• Market Maker: Aftertrade Broking Pvt. Ltd.

💰 Financials — Key Numbers

• Revenue FY25: ₹35.50 Crore

• PAT FY25: ₹4.47 Crore | PAT Margin: ~12.6%

• Export Revenue: ~64% of FY25 operating revenue (Cambodia, Thailand, Bahrain, Singapore)

• Manufacturing: Surat, Gujarat — Sai Ram Industrial Estate-2, Bamroli (953.93 sq. ft.)

• IPO Proceeds Use: Capital expenditure, working capital, and general corporate purposes

✅ Should You Apply? — ⚠️ Last Day Tomorrow!

The Harikanta Overseas IPO offers a differentiated play on India's textile export story — 64% export revenue with strong Asia presence is rare in the SME IPO space. The 12.6% PAT margin is healthy for a fabric manufacturer. Key risks: Cambodia market concentration and GMP at ₹0. Since tomorrow is the absolute final day, investors who believe in the textile export story should review the RHP today and apply via UPI before 5 PM tomorrow. Track live Harikanta Overseas subscription on IPOView.

Disclaimer: This is not investment advice. Please read the RHP carefully and consult your financial advisor before investing. GMP is unofficial and unregulated.