Comparison between Harikanta Overseas IPO and INDO SMC IPO.
Harikanta Overseas IPO is a SME Bookbuilding IPO proposed to list at BSE SME while INDO SMC IPO is a SME Bookbuilding proposed to list at BSE SME.
| Harikanta Overseas IPO | INDO SMC IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Interactive Financial Services Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Harikanta Overseas IPO is up to ₹23.07 Cr whereas the issue size of the INDO SMC IPO is up to ₹87.34 Cr. The final issue price of Harikanta Overseas IPO is ₹91.00 per share and of INDO SMC IPO is ₹149.00 per share.
| Harikanta Overseas IPO | INDO SMC IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹86.00 per share | ₹141.00 per share |
| Issue Price (Upper) | ₹91.00 per share | ₹149.00 per share |
| Issue Price (Final) | ₹91.00 per share | ₹149.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 25,35,600 shares | 58,62,000 shares |
| Fresh Issue Size (Amount) | up to ₹23.07 Cr | up to ₹87.34 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 25,35,600 shares | 58,62,000 shares |
| Issue Size Total (Amount) | up to ₹23.07 Cr | up to ₹87.34 Cr |
Harikanta Overseas IPO opens on May 20, 2026, while INDO SMC IPO opens on Jan 13, 2026. The closing date of Harikanta Overseas IPO and INDO SMC IPO is May 27, 2026, and Jan 16, 2026, respectively.
| Harikanta Overseas IPO | INDO SMC IPO | |
|---|---|---|
| Anchor Bid Date | Jan 12, 2026 | |
| Issue Open | May 20, 2026 | Jan 13, 2026 |
| Issue Close | May 27, 2026 | Jan 16, 2026 |
| Basis Of Allotment (Tentative) | May 29, 2026 | Jan 19, 2026 |
| Initiation of Refunds (Tentative) | Jun 01, 2026 | Jan 20, 2026 |
| Credit of Share (Tentative) | Jun 01, 2026 | Jan 20, 2026 |
| Listing date (Tentative) | Jun 02, 2026 | Jan 21, 2026 |
| Anchor Lockin End date 1 | Feb 15, 2026 | |
| Anchor Lockin End date 2 | Apr 16, 2026 |
Harikanta Overseas IPO P/E ratio is 14.66, as compared to INDO SMC IPO P/E ratio of 16.1.
| Harikanta Overseas IPO | INDO SMC IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.87 | 82.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.66 | 60.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.66 | 16.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.78 Cr. | ₹340.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 56.72 | 74.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 37.56 | 31.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.24 | 1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.21 | ₹9.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.41 | 43.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Harikanta Overseas IPO Retail Individual Investors (RII) are offered 12,40,800 shares while in INDO SMC IPO retail investors are offered 12,40,800 shares. Qualified Institutional Buyers (QIB) are offered 54,000 shares in Harikanta Overseas IPO and 11,72,000 shares in INDO SMC IPO.
| Harikanta Overseas IPO | INDO SMC IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 17,56,000 shares |
| Market Maker Reservation | 1,34,400 shares | 3,09,000 shares |
| QIB | 54,000 shares | 11,72,000 shares |
| NII | 12,40,800 shares | 8,82,000 shares |
| RII | 12,40,800 shares | 20,52,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 25,35,600 shares | 58,62,000 shares |
Harikanta Overseas IPO subscribed 1.12x in total, whereas INDO SMC IPO subscribed 77.39x.
| Harikanta Overseas IPO | INDO SMC IPO | |
|---|---|---|
| QIB (times) | 21.33x | 94.94x |
| NII (times) | 0.70x | 164.59x |
| Big NII (times) | 0.90x | 193.37x |
| Small NII (times) | 0.28x | 107.02x |
| RII (times) | 0.66x | 96.13x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.12x | 77.39x |
