🧵 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 day 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. 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 — allotment probability remains favourable.

• NII / HNI Category: NII participation is at early stage. With GMP at ₹0 and no notable grey market activity, HNI interest is expected to be moderate for this textile exporter.

• QIB Category: QIB quota is 50% for Harikanta Overseas IPO. Institutional demand will be visible on the final day tomorrow (22 May).

• IndiaIPOHub 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. GMP at ₹0 signals cautious grey market sentiment. However, the company's 64% export revenue and 12.6% PAT margin are positives. Track live Harikanta Overseas subscription data on IndiaIPOHub.

📈 Harikanta Overseas IPO GMP Today — 21 May 2026

The Harikanta Overseas IPO GMP today is ₹0. No grey market premium activity at this stage. Track live Harikanta Overseas GMP updates on IndiaIPOHub 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. A standout feature of this IPO is its strong export orientation — approximately 64% of FY25 operating revenue came from exports to Cambodia, Thailand, Bahrain, and Singapore. This differentiates Harikanta from purely domestic textile SMEs and provides meaningful forex earnings.

📋 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 Location: Surat, Gujarat (Sai Ram Industrial Estate-2, Bamroli)

• IPO Proceeds Use: Capital expenditure, working capital, 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 Cambodia as key market is unique in the SME IPO space. The 12.6% PAT margin is healthy for a fabric manufacturer. However, GMP at ₹0 and concentration risk in Cambodia are key concerns. Since tomorrow is the final subscription day, investors interested should review the RHP today and decide. Apply via UPI before 5 PM tomorrow. Track live Harikanta Overseas subscription on IndiaIPOHub.

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