Harikanta Overseas IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 91 – 96
Lot Size
1200
Issue Size
₹26 Cr
Minimum Investment
₹230400 (2400 Shares)
Listing Date
02 June 2026
Subscription
1.17x
About the Company
Founded in 2018, Harikanta Overseas is engaged in the manufacturing and trading of synthetic textile fabrics. The company offers a diverse range of products, including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen fabrics, and natural fiber fabrics. Its product portfolio primarily caters to women’s apparel such as sarees, dress materials, and kurtas, while also supplying fabrics for men’s kurtas.
The company operates a manufacturing facility located at Sai Ram Industrial Estate-2, Bamroli, Surat, Gujarat, spread across an area of approximately 953.93 square meters. Through its manufacturing capabilities and product quality, the company has established a presence in both domestic and international markets.
Internationally, the company exports its products to countries including Bahrain, Singapore, and Thailand. In India, it serves customers across several key markets such as Delhi, Bangalore, Maharashtra, Uttar Pradesh, Punjab, Rajasthan, and Karnataka.
As of August 31, 2025, the company had a workforce of 42 permanent employees.
Promoters
- Hardik Gotawala
- Abhishek Gotawala
- Nilesh Gotawala
Promoters Holding
Holding Pre Issue
96.87%
Holding Post Issue
70.66%
Objects of the Issue
The Company Harikanta Overseas IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure for Factory Premises
- Capital Expenditure for Plant and Machineries
- Working Capital
- General corporate purposes
Address / Contact Info
Harikanta Overseas Ltd.
28, Sairam Ind Estate Bamroli
Surat, Gujarat, 394107
Phone: +919898682560
Email: info@harikantaoverseas.com
Website: http://www.harikantaoverseas.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 20 May 2026
IPO Close Date
Wednesday, 27 May 2026
Basis of Allotment
Friday, 29 May 2026
Initiation of Refunds
Monday, 01 June 2026
Credit of Shares to Demat
Monday, 01 June 2026
Listing Date
Tuesday, 02 June 2026 — NSE & BSE
Important Dates
Open Date
20 May 2026
Close Date
27 May 2026
Basis Of Allotment
29 May 2026
Listing Date
02 June 2026
Financial Performance (₹ in Crores)
| Particular | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 32.51 | 23.12 | 6.61 | 4.99 |
| Revenue | 26.28 | 35.5 | 11.27 | 15.06 |
| Profit After Tax | 5.09 | 4.47 | 0.82 | 0.25 |
| Net Worth | 18.77 | 13.79 | 1.97 | 1.15 |
| Reserve & Surplus | 11.68 | 6.59 | 1.47 | 0.65 |
| Total Borrowings | 2.87 | 3.26 | 1.47 | 1.34 |
EPS Pre
6.21%
EPS Post
7.73%
P/E Pre
15.46
P/E (Post Issue)
12.42x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Nov 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 31.15 | 56.72 | 52.64 | 32.32 |
| ROCE % | 31.99 | 37.56 | 35.11 | 19.03 |
| Debt / Equity | 0.15 | 0.24 | 0.75 | 1.16 |
| RoNW % | 27.1 | 32.41 | 41.67 | 22 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 19.5 | 12.7 | 7.38 | 1.69 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 54000 | 2.13 | 0 |
| Non-Institutional | 1240800 | 48.94 | 0 |
| BNII | 826800 | 32.61 | 0 |
| SNII | 414000 | 16.33 | 0 |
| Retail Investors | 1240800 | 48.94 | 0 |
| Total | 2535600 | 100 | 0 |
Subscription Status ( Wed, 27 May 26 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 54000 | 1152000 | 21.33x |
| Non-Institutional | 1240800 | 997200 | 0.8x |
| BNII | 826800 | 880800 | 1.07x |
| SNII | 414000 | 116400 | 0.28x |
| Retail Investors | 1240800 | 816000 | 0.66x |
| Total | 2535600 | 2965200 | 1.17x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Harikanta Overseas Ltd | 10 | 0.00 | 9.84 | 9.84 | 33.00 | 19.13 |
| Betex India Ltd | 10 | 28.01 | 13.03 | 13.03 | 5.73 | 227.34 |
| Swasti Vinayaka Synthetics Ltd | 1 | 12.78 | 0.27 | 0.27 | 10.54 | 2.55 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 230,400.00 |
| Retail (Max) | 2 | 2,400 | 230,400.00 |
| S-HNI (Min) | 3 | 3,600 | 345,600.00 |
| S-HNI (Max) | 8 | 9,600 | 921,600.00 |
| B-HNI (Min) | 9 | 10,800 | 1,036,800.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Interactive Financial Services Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Harikanta Overseas IPO is a Book-building IPO worth ₹26 crores. The price band is ₹91 to 96 per share. The IPO opens on Wed, May 20, 2026 and closes on Wed, May 27, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Harikanta Overseas IPO opens on Wed, May 20, 2026 and closes on Wed, May 27, 2026
Harikanta Overseas IPO Price Band is ₹91 to 96.
Harikanta Overseas IPO lot size is 1200, and the minimum amount required for application is ₹230400.
The minimum investment for Harikanta Overseas IPO is approximately ₹230400 based on the upper price band.
To apply for the Harikanta Overseas IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, May 27, 2026. After submission, funds are blocked until the basis of allotment of Harikanta Overseas IPO is finalised.
Harikanta Overseas IPO issue size is ₹26 crores.
Harikanta Overseas IPO allotment date is Sat, Jun 27, 2026.
The registrar for Harikanta Overseas IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Harikanta Overseas IPO through their official website or helpline.