Harikanta Overseas SME IPO
Alloted
Harikanta Overseas Limited, incorporated in 2018, is engaged in the manufacturing and distribution of synthetic textile fabrics. The company's diverse product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. Operating from its manufacturing unit in Surat, Gujarat, the company primarily caters to the women's ethnic wear segment (sarees, dress materials, and kurtas) and men's kurtas. It serves domestic markets across multiple states and exports its products globally to countries like Bahrain, Singapore, and Thailand.
Issue Price
96
Current GMP
₹0 (0.00%)
Overall Subscription
1.17x
Issue Size
₹25.63 Cr
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Live Subscription by Application
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 45 | 4 | 0.09x |
FII | - | 3 | - |
DFI | - | 0 | - |
MF | - | 0 | - |
Other | - | 1 | - |
| NII | 345 | 45 | 0.13x |
bNII | 230 | 16 | 0.07x |
Corporate | - | 3 | - |
Individual | - | 13 | - |
Other | - | 0 | - |
sNII | 115 | 29 | 0.25x |
Corporate | - | 0 | - |
Individual | - | 29 | - |
Other | - | 0 | - |
| IND | 517 | 340 | 0.66x |
Fixed price | - | 340 | - |
| Total | 907 | 389 | 0.43x |
Live Subscription by Shares
| Category | Shares Offered | Shares Applied | Subscription |
|---|---|---|---|
| QIB | 54.00K | 11.52 L | 21.33x |
FII | - | 10.98 L | - |
DFI | - | 0 | - |
MF | - | 0 | - |
Other | - | 54.00K | - |
| NII | 12.41 L | 9.97 L | 0.80x |
bNII | 8.27 L | 8.81 L | 1.06x |
Corporate | - | 3.53 L | - |
Individual | - | 5.28 L | - |
Other | - | 0 | - |
sNII | 4.14 L | 1.16 L | 0.28x |
Corporate | - | 0 | - |
Individual | - | 1.16 L | - |
Other | - | 0 | - |
| IND | 12.41 L | 8.16 L | 0.66x |
Fixed price | - | 8.16 L | - |
| Total | 25.36 L | 29.65 L | 1.17x |
Subscription Summary
QIB
Shares Applied:21.33x
Applications Offered:0.09x
NII
Shares Applied:0.80x
Applications Offered:0.13x
IND
Shares Applied:0.66x
Applications Offered:0.66x
Quick Stats
Total Categories3
IPO TypeSME
StatusAllotment Out
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Join NowData Last Updated
29 May 2026, 01:28 pm
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Understanding Subscription Categories
QIB
Qualified Institutional Buyers
Includes FII, DFI, Mutual Funds, and other qualified institutions.
NII
Non-Institutional Investors
High net-worth individuals: bNII (₹10L+) and sNII (₹2L-₹10L).
IND
Individual Investors
Individual investors in SME IPOs up to ₹2 lakh.
Frequently Asked Questions
What is the current subscription status of Harikanta Overseas SME?
The current overall subscription for Harikanta Overseas SME is 1.17x. This indicates the total demand relative to the shares offered. Higher subscription typically suggests strong investor interest.
How to check Harikanta Overseas SME subscription status?
You can check Harikanta Overseas SME subscription status on IPOwiz, BSE website, NSE website, or your broker's platform. Subscription data is updated regularly during the IPO period from 20 May 2026 to 27 May 2026.
What do subscription numbers mean?
Subscription numbers show how many times the IPO is oversubscribed. For example, 1.17x means the IPO received 1.17x times more applications than shares available. Higher subscription in retail category generally means lower allotment chances.
When does Harikanta Overseas SME subscription close?
The subscription for Harikanta Overseas SME closes on 27 May 2026. Applications must be submitted before the closing time on this date. Late applications will not be accepted.
What is the difference between QIB, NII, and Individual (IND) subscription?
QIB (Qualified Institutional Buyers) includes mutual funds, FIIs, and other institutions. NII (Non-Institutional Investors) includes high net-worth individuals investing above ₹2 lakh. Individual (IND) includes individual investors with applications up to ₹2 lakh. Each category has separate subscription quotas.
How does subscription affect allotment chances?
Higher subscription in your category means lower allotment chances. For example, if retail subscription is 1.17x, it means there are 1.17x times more applications than shares available, making allotment competitive.
When will Harikanta Overseas SME allotment be finalized?
The allotment for Harikanta Overseas SME will be finalized and announced on 29 May 2026. You can check your allotment status on the registrar's website, BSE, NSE, or your demat account after this date.
What happens after subscription closes?
After subscription closes on 27 May 2026, the company and registrar process all applications. Allotment is finalized by 29 May 2026, and shares are credited to successful applicants' demat accounts before the listing date on 2 June 2026.
Can I apply after subscription closes?
No, you cannot apply after the subscription closes on 27 May 2026. All IPO applications must be submitted during the subscription period from 20 May 2026 to 27 May 2026. Late applications are automatically rejected.
What is the issue size and lot size for Harikanta Overseas SME?
The issue size for Harikanta Overseas SME is ₹25.63 Cr, and the lot size is 1200 shares. The price range is ₹91.0 - ₹96.0. You must apply in multiples of the lot size.