{"id":98249,"date":"2026-05-27T09:41:22","date_gmt":"2026-05-27T04:11:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=98249"},"modified":"2026-05-27T09:41:24","modified_gmt":"2026-05-27T04:11:24","slug":"harikanta-overseas-ipo-closing-today-27-may-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/","title":{"rendered":"Harikanta Overseas IPO Closing Today 27 May 2026: Last Day to Apply on BSE SME, GMP Rs 0, Price Band Rs 86-91"},"content":{"rendered":"<p><em>Harikanta Overseas IPO closes TODAY 27 May 2026, the LAST day to apply. Price band Rs 86-91 on BSE SME. GMP Rs 0. Surat synthetic textile exporter, 64% export revenue. Allotment 29 May, listing 2 June.<\/em><\/p><p><strong>The Harikanta Overseas IPO<\/strong> closes TODAY (27 May 2026), the final day to apply on BSE SME. The Rs 24.30 crore book-built issue has priced shares at Rs 86 to Rs 91 per share. The grey market premium is Rs 0 throughout the subscription period, making this a fundamental application for investors who believe in the Surat-based synthetic textile export story. Apply via UPI or ASBA before 5 PM today. Allotment is on 29 May 2026 and listing on BSE SME is on 2 June 2026.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#Harikanta_Overseas_IPO_Final_Day_Details\" title=\"Harikanta Overseas IPO Final Day Details\">Harikanta Overseas IPO Final Day Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#About_Harikanta_Overseas_Surat_Synthetic_Textile_Exporter\" title=\"About Harikanta Overseas: Surat Synthetic Textile Exporter\">About Harikanta Overseas: Surat Synthetic Textile Exporter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#The_Export_Story_Why_64_Overseas_Revenue_Matters\" title=\"The Export Story: Why 64% Overseas Revenue Matters\">The Export Story: Why 64% Overseas Revenue Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#Use_of_IPO_Proceeds\" title=\"Use of IPO Proceeds\">Use of IPO Proceeds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#FAQs_on_Harikanta_Overseas_IPO\" title=\"FAQs on Harikanta Overseas IPO\">FAQs on Harikanta Overseas IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#Is_today_the_last_day_to_apply_for_Harikanta_Overseas_IPO\" title=\"Is today the last day to apply for Harikanta Overseas IPO?\">Is today the last day to apply for Harikanta Overseas IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/harikanta-overseas-ipo-closing-today-27-may-2026\/#What_does_Harikanta_Overseas_do\" title=\"What does Harikanta Overseas do?\">What does Harikanta Overseas do?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Harikanta_Overseas_IPO_Final_Day_Details\"><\/span><strong>Harikanta Overseas IPO Final Day Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li><strong>CLOSING TODAY: <\/strong>27 May 2026, LAST DAY. Apply before 5 PM.<\/li>\n\n<li><strong>Open Date: <\/strong>20 May 2026<\/li>\n\n<li><strong>Price Band: <\/strong>Rs 86 to Rs 91 per share<\/li>\n\n<li><strong>Issue Size: <\/strong>Rs 24.30 crore (26,70,000 shares, 100% fresh issue)<\/li>\n\n<li><strong>Face Value: <\/strong>Rs 10 per share<\/li>\n\n<li><strong>Lot Size: <\/strong>1,200 shares<\/li>\n\n<li><strong>Minimum Retail: <\/strong>2 lots = 2,400 shares = Rs 2,18,400 at upper band<\/li>\n\n<li><strong>Minimum HNI: <\/strong>3 lots = 3,600 shares = Rs 3,27,600<\/li>\n\n<li><strong>Category Split: <\/strong>QIB 50%, NII 15%, Retail 35%<\/li>\n\n<li><strong>Allotment Date: <\/strong>29 May 2026<\/li>\n\n<li><strong>Share Credit: <\/strong>30 May 2026<\/li>\n\n<li><strong>Listing Date: <\/strong>2 June 2026 on BSE SME<\/li>\n\n<li><strong>Registrar: <\/strong>Bigshare Services Pvt. Ltd.<\/li>\n\n<li><strong>Lead Manager: <\/strong>Interactive Financial Services Ltd.<\/li>\n\n<li><strong>Market Maker: <\/strong>Aftertrade Broking Pvt. Ltd.<\/li>\n\n<li><strong>GMP Closing Day: <\/strong>Rs 0 (nil)<\/li><\/ul><p>Track Harikanta Overseas IPO subscription on the .<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Harikanta_Overseas_Surat_Synthetic_Textile_Exporter\"><\/span><strong>About Harikanta Overseas: Surat Synthetic Textile Exporter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Harikanta Overseas Limited, incorporated in 2018 in Surat, Gujarat, manufactures synthetic textile fabrics including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen and natural fiber fabrics. Surat is India&#8217;s largest textile hub, the city processes more than 90 percent of India&#8217;s polyester fabric output and is the dominant source of supply for the global South Asian diaspora market in ethnic wear. Harikanta Overseas operates within this hub and has built a client base across Southeast Asia and the Middle East.<\/p><ul class=\"wp-block-list\"><li><strong>FY25 Revenue: <\/strong>Rs 35.50 crore<\/li>\n\n<li><strong>FY25 PAT: <\/strong>Rs 4.47 crore<\/li>\n\n<li><strong>Export revenue share: <\/strong>Approximately 64% of FY25 operating revenue<\/li>\n\n<li><strong>Top export markets: <\/strong>Cambodia (~40%), Thailand, Bahrain, Singapore<\/li>\n\n<li><strong>Products: <\/strong>Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, natural fiber fabrics<\/li><\/ul><p><a href=\"https:\/\/univest.in\/login\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Export_Story_Why_64_Overseas_Revenue_Matters\"><\/span><strong>The Export Story: Why 64% Overseas Revenue Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Harikanta Overseas&#8217; high export orientation, approximately 64 percent of revenue from overseas markets, is a double-edged characteristic for investors. On the positive side, export revenues are dollar or foreign-currency denominated, giving the company a natural hedge against rupee weakness. With the rupee at Rs 96.26 against the dollar on 26 May 2026, export revenues in INR terms are automatically higher than they would have been at the start of the year when the rupee was at Rs 89.86. Cambodia alone accounts for approximately 40 percent of total revenue, a concentrated customer geography that creates both strength (deep relationships) and risk (any disruption to Cambodia&#8217;s garment sector affects Harikanta directly).<\/p><p>India&#8217;s textile export market is a long-cycle structural story. The Government of India has set a target of USD 100 billion in textile exports by 2030 from the current USD 36-37 billion, supported by PLI schemes for man-made fibre textiles and the ongoing China+1 shift in global supply chains. Surat-based synthetic textile exporters are positioned to benefit from this shift, particularly in the ASEAN and Middle East markets where Harikanta Overseas already has established distribution.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_of_IPO_Proceeds\"><\/span><strong>Use of IPO Proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Rs 24.30 crore is a 100 percent fresh issue. All proceeds flow directly to the company. Primary uses include funding working capital requirements for raw material procurement (polyester yarn, silk, rayon) and fabric processing, and general corporate purposes. The textile manufacturing cycle requires significant inventory: yarn is purchased months before the final fabric is sold, and export receivables can stretch 60 to 90 days. The IPO working capital will allow Harikanta to take on larger export orders without straining cash flow. Consult a SEBI-registered advisor before investing.<\/p><p>Disclaimer: This article is for informational and educational purposes only. Nothing in this article constitutes investment advice, a recommendation to buy or sell securities, or a solicitation of any offer to buy or sell securities. Univest is a SEBI-registered research analyst (INH000014019). Readers should conduct their own research and consult a SEBI-registered investment advisor before making any investment decisions. Past performance of any stock or sector is not indicative of future results. Investments in equity markets are subject to market risks.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Harikanta_Overseas_IPO\"><\/span><strong>FAQs on Harikanta Overseas IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_today_the_last_day_to_apply_for_Harikanta_Overseas_IPO\"><\/span><strong>Is today the last day to apply for Harikanta Overseas IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>Yes. Harikanta Overseas IPO closes TODAY, 27 May 2026, the last day to apply. Price band is Rs 86-91 on BSE SME. Apply via UPI or ASBA before 5 PM. Allotment is 29 May, share credit 30 May and listing 2 June 2026.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_Harikanta_Overseas_do\"><\/span><strong>What does Harikanta Overseas do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>Harikanta Overseas manufactures synthetic textile fabrics, Ikat, polyester garment, saree, dhupion, poly linen, from its Surat, Gujarat facility. Approximately 64% of FY25 revenue comes from exports to Cambodia (~40%), Thailand, Bahrain and Singapore. FY25 revenue was Rs 35.50 crore with PAT of Rs 4.47 crore.<\/p><p><\/p>","protected":false},"excerpt":{"rendered":"<p>Harikanta Overseas IPO closes TODAY 27 May 2026, the LAST day to apply. Price band Rs 86-91 on BSE SME. GMP Rs 0. Surat synthetic textile exporter, 64% export revenue. Allotment 29 May, listing 2 June. The Harikanta Overseas IPO closes TODAY (27 May 2026), the final day to apply on BSE SME. The Rs<\/p>\n","protected":false},"author":34,"featured_media":98253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4279],"class_list":["post-98249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-closing-today"],"metadata":{"_edit_lock":["1779855098:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["71"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Harikanta Overseas IPO Closing Today 27 May 2026: Last Day to Apply"],"rank_math_description":["Harikanta Overseas IPO closes TODAY 27 May 2026, last day to apply. Price band Rs 86-91, BSE SME. GMP Rs 0. 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