Harikanta Overseas IPO is a book-built issue IPO, aiming to raise ₹24.30 crore. The issue comprises entirely a fresh issue of 26.70 lakh equity shares aggregating to ₹24.30 crore. The bidding window was open from May 20, 2026, to May 27, 2026, with the IPO allotment to be finalised on May 29, 2026. Harikanta Overseas is scheduled to list on BSE SME on June 2, 2026.
The IPO was priced at ₹86-₹91 per share with a lot size of 1,200 shares. The public issue received bids for 28,30,800 shares against 25,35,600 shares available, resulting in an overall subscription of 1.12 times. Qualified Institutional Buyers led the response, subscribing 21.33 times their quota, while the retail investor category subscribed 0.66 times.
Harikanta Overseas’ ₹24.30 crore IPO, priced at ₹86-₹91 per share, was subscribed 1.12 times overall. The IPO comprises entirely a fresh issue of 26.70 lakh equity shares aggregating to ₹24.30 crore.
Bidding took place from May 20 to May 27, 2026, with the Harikanta Overseas IPO allotment status expected on May 29, 2026. Retail investors subscribed 0.66 times and NIIs subscribed 0.70 times, while listing is expected on June 2, 2026.
The table below breaks down the Harikanta Overseas IPO share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 54000 |
| NII (HNI) Shares Offered | 1240800 |
| − bNII > ₹10L | 826800 |
| − sNII < ₹10L | 414000 |
| Retail Shares Offered | 1240800 |
| Market Maker Shares Offered | 134400 |
| Total Shares Offered | 2670000 |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 21.33 |
| Non-Institutional Investors (NII) | 0.7 |
| Retail Individual Investors (RII) | 0.66 |
| Total Shares | 1.12 |
Note: The subscription details are as of May 27, 2026
Harikanta Overseas Limited was incorporated in 2018 and is engaged in the manufacturing of synthetic textile fabrics. The company’s product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen fabrics, and natural fibre fabrics. Its products are primarily used for women’s wear such as sarees, dress materials, and kurtas, while also catering to fabrics used for men’s kurtas.
The company operates its manufacturing facility in Surat, Gujarat, spread across 953.93 square metres at Sai Ram Industrial Estate-2, Bamroli. The manufacturing infrastructure supports the company’s focus on efficient production processes and customised textile solutions tailored to varying customer requirements.
Harikanta Overseas has established both domestic and international market presence. The company exports its textile products to Bahrain, Singapore, and Thailand, while also serving domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan. Its export operations strengthen the company’s reach within the synthetic textile segment.
As of February 28, 2026, the company had 111 permanent employees. Harikanta Overseas focuses on product quality, production efficiency, and flexibility in customisation. Its diversified product range and export capabilities support its operational growth strategy within the textile manufacturing industry.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 27, 2026, 6:01 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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