Harikanta Overseas SME IPO opened for subscription on Wednesday, May 20, 2026, with the grey market premium holding at zero — a trend that has persisted across all eight tracked sessions since May 13 — pointing to a flat listing at the issue price of ₹96 per share with no grey market upside currently priced in.
Issue details
The IPO is listed on the BSE SME platform and operates in the other textile products segment. The total issue size is ₹25.63 crore with a price band of ₹91 to ₹96 per share and a minimum lot size of 1,200 shares. Subscription closes on May 22, with the tentative listing date set for May 27, 2026. Early subscription data showed 0x bidding at the time of the latest update.
GMP trend and investor sentiment
The GMP has remained at zero for every session tracked since May 13 — eight consecutive days without any grey market activity. The estimated listing price based on current GMP therefore stands at ₹96, identical to the cap price, implying 0% listing gain. Investor sentiment based on GMP ratings over the last three sessions is classified as strongly bearish at 20%, the lowest end of the sentiment scale.
GMP data is unofficial and speculative in nature and does not constitute a recommendation to apply. This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.