How to Check Harikanta Overseas IPO Allotment Status

Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product range includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supplies fabrics for women's wear such as sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas.

The company has set up a manufacturing unit in Surat, Gujarat, spread across 953.93 sq. metres at Sai Ram Industrial Estate-2, Bamroli. The company also exports products to Bahrain, Singapore, and Thailand, while serving key domestic markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan. As on February 28, 2026, the company has 111 permanent employees.

Harikanta Overseas IPO is a book build issue of ₹25.63 crore, entirely comprising a fresh issue of 0.27 crore shares aggregating to ₹25.63 crore. The IPO opened on May 20, 2026, and closed on May 22, 2026. The allotment is expected on Monday, May 25, 2026. The share price band was set at ₹91 to ₹96 per share.
 

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Steps to Check Harikanta Overseas IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt. Ltd.
• Select "Harikanta Overseas" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Harikanta Overseas IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Harikanta Overseas" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Harikanta Overseas IPO subscribed 0.27 times overall. Here is the category-wise breakdown as of 4:49:35 PM on May 22, 2026:

Harikanta Overseas IPO Subscription Status

• QIB Category (Ex Anchor): 1.00 times
• Non-Institutional Investors (NII): 0.19 times
• Individual Investors: 0.32 times

Harikanta Overseas IPO Share Price and Investment Details

The minimum investment required was ₹2,30,400 for 2 lots (2,400 shares) for individual investors. The issue includes a reservation of up to 1,34,400 shares for the market maker, Aftertrade Broking Pvt. Ltd. Given the overall subscription of 0.27 times with modest institutional interest at 1.00 times, weak NII participation at 0.19 times, and weak individual investor subscription at 0.32 times, the share price listing expectations remain cautious.

Utilisation of IPO Proceeds

The proceeds will be utilised for capital expenditure for factory premises (₹5.40 crore), capital expenditure for purchase of machineries (₹9.33 crore), working capital requirements (₹4.75 crore), and general corporate purposes.

Business Overview

Harikanta Overseas Limited is primarily engaged in the manufacturing of synthetic textile fabrics. On a standalone basis, it posted lacklustre financial performance for FY23 and FY24. Bumper profits from FY25 onwards raise eyebrows and concern over sustainability, as it is operating in a highly competitive and fragmented segment.
The company demonstrated financial performance with total income of ₹35.50 crore for FY2025 and a net worth of ₹18.77 crore as of November 30, 2025. The company benefits from quality products, an efficient production process, customisation and flexibility, global reach and export capability, and a range of products. However, investors should note the post-issue P/E ratio of 12.42 and Price to Book Value of 3.68.

Check the latest IPO allotment status to stay informed.