The SME IPO of Harikanta Overseas has opened for subscription amid cautious investor sentiment in the broader market. Grey market activity has remained muted, indicating a wait-and-watch approach among traders.
The company plans to utilize IPO proceeds for business expansion, working capital requirements, and operational strengthening. Investors are closely monitoring subscription trends and overall market conditions before making aggressive bets.
Experts believe SME IPO participation may remain selective until broader market stability improves further.
