Harikanta Overseas IPO Subscribed 0.27 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 22nd May 2026 - 05:46 pm
Harikanta Overseas Limited's initial public offering (IPO) closed its three-day subscription window at 0.27 times overall subscription by 4:49 PM on Day 3 (May 22, 2026). The ₹25.63 crore book-build issue, priced at ₹91 to ₹96 per share, received bids for 6,78,000 shares against 25,35,600 shares on offer, with total applications reaching 192.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Harikanta Overseas IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (May 20) | 1.00 | 0.00 | 0.05 | 0.05 |
| Day 2 (May 21) | 1.00 | 0.01 | 0.09 | 0.07 |
| Day 3 (May 22) | 1.00 | 0.19 | 0.32 | 0.27 |
Here are the subscription details for Harikanta Overseas IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 1,34,400 | 1,34,400 | 1.29 |
| QIB (Ex-Anchor) | 1.00 | 54,000 | 54,000 | 0.52 |
| NII | 0.19 | 12,40,800 | 2,30,400 | 2.21 |
| Individual Investors | 0.32 | 12,40,800 | 3,93,600 | 3.78 |
| Total | 0.27 | 25,35,600 | 6,78,000 | 6.51 |
Key Highlights – Day 3
- Overall subscription reached 0.27 times, improving from Day 2's 0.07 times, though the issue closed well below full subscription.
- Individual investors showed the strongest improvement at 0.32 times, building from Day 2's 0.09 times.
- Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times throughout all three days.
- Non-institutional investors improved to 0.19 times from Day 2's 0.01 times, with bNII at 0.20 times and sNII at 0.16 times.
Key Highlights – Day 2
- Overall subscription reached 0.07 times, improving marginally from Day 1's 0.05 times.
- Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times, unchanged from Day 1.
- Individual investors improved to 0.09 times from Day 1's 0.05 times.
- Non-institutional investors showed negligible participation at 0.01 times on Day 2.
Key Highlights - Day 1
- Overall subscription reached 0.05 times on Day 1 (May 20, 2026), reflecting very subdued initial investor interest in this synthetic textile fabrics SME IPO.
- Qualified institutional buyers (ex-anchor) achieved full subscription at 1.00 times on the opening day.
- Individual investors showed negligible participation at 0.05 times on Day 1.
- Non-institutional investors showed no meaningful participation on Day 1.
About Harikanta Overseas Limited
Incorporated in 2018, Harikanta Overseas Limited manufactures synthetic textile fabrics including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics, primarily for women's wear such as sarees, dress materials, and kurtas.
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