🧵 Harikanta Overseas IPO Subscription Update — 26 May 2026 | ⚠️ Last Day TOMORROW!
The Harikanta Overseas IPO subscription window has been extended and closes TOMORROW 27 May 2026. This Surat-based synthetic textile fabric exporter opened on 20 May 2026 on BSE SME and is raising ₹24.30 crore via a 100% fresh book-built issue at a price band of ₹86–₹91 per share. ⚠️ Tomorrow 27 May is the final day — last chance to apply! Allotment 29 May, listing 2 June 2026.
📊 Subscription Status Update — Category Wise
• Overall Subscription: Harikanta Overseas IPO subscription status data is being tracked as the extended window approaches its close. Tomorrow's final day bids will determine the ultimate subscription multiple.
• Retail (RII) Category: Retail bids (35% quota) for Harikanta Overseas IPO can be placed today and tomorrow. Allotment probability remains high given the extended subscription period and muted GMP.
• NII / HNI Category: NII (15% quota) bids expected to be placed on the final day tomorrow. Track live for last-day HNI rush.
• QIB Category: QIB (50% quota) final bids expected tomorrow. Institutional Day 7 data will be the key close indicator. Track on IPOView.
• IPOView Assessment: The extended subscription window for Harikanta Overseas IPO gives investors one more day. GMP remains ₹0 indicating cautious sentiment. However the company's 64% export revenue and strong Surat manufacturing base make it a differentiated textile story. If interested, apply tomorrow before 5 PM. Track live Harikanta Overseas subscription on IPOView.
📈 Harikanta Overseas IPO GMP Today — 26 May 2026
The Harikanta Overseas IPO GMP today is ₹0. No grey market premium activity. Expected listing at or near issue price of ₹91 on 2 June 2026. Track Harikanta Overseas GMP on IPOView.
🏭 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 (953.93 sq. mt.). The company manufactures saree fabrics, polyester garment fabrics, Ikat fabrics, dhupion fabrics, poly linen, and natural fiber fabrics for the women's ethnic wear and garment markets. Its wholly owned subsidiary Harikanta Weaving Private Limited supports manufacturing operations with rapier looms and related machinery. A key differentiator is its strong export orientation — approximately 64% of FY25 operating revenue came from Cambodia, Thailand, Bahrain, and Singapore — providing meaningful forex revenue diversification.
📋 IPO Key Details
• Exchange: BSE SME
• Issue Type: Book-Built (100% Fresh Issue, No OFS)
• Issue Size: ₹24.30 Crore | 26.70 lakh shares
• Price Band: ₹86 – ₹91 per share | Face Value: ₹10
• Lot Size: 1,200 shares | Min. Investment: ₹2,18,400 (2 lots = 2,400 shares)
• HNI Min. Investment: ₹3,27,600 (3 lots = 3,600 shares)
• Open Date: 20 May 2026 | Close Date: 27 May 2026 (TOMORROW — LAST DAY!)
• Allotment Date: 29 May 2026 | Listing Date: 2 June 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 Share: ~64% of FY25 operating revenue
• Export Markets: Cambodia, Thailand, Bahrain, Singapore
• Manufacturing: Surat, Gujarat — 953.93 sq. mt. facility
• Subsidiary: Harikanta Weaving Pvt. Ltd. (rapier looms, job work)
✅ Should You Apply? — ⚠️ Last Day Tomorrow!
The Harikanta Overseas IPO is a differentiated SME play — 64% export revenue from Southeast Asia and Middle East markets sets it apart from purely domestic textile SMEs. Healthy 12.6% PAT margin and Surat manufacturing advantage are positives. Concerns: Cambodia concentration, GMP at ₹0, extended subscription window suggesting muted demand. Tomorrow 27 May is the final day. Investors who have reviewed the RHP should decide today. 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.