Harikanta Overseas launched its SME IPO with a total issue size of ₹24.30 crore, offering 0.27 crore fresh shares priced in the range of ₹86 to ₹91 per share. By the fourth day of the subscription period, the IPO has garnered over 50% subscription from investors. This SME IPO does not include any offer-for-sale shares, meaning that the entire proceeds from the issue will be received by Harikanta Overseas. The company aims to utilise the funds raised through this fresh issue for its business expansion and operational needs. The IPO's progress reflects steady investor interest in the SME segment of the Indian capital markets.