Harikanta Overseas IPO
GMP, Subscription, Price, Dates & Financial Details
Textile
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…
Open Date
Wed, 20 May 2026
Close Date
Wed, 27 May 2026
Price Band
₹ 91 – 96
Lot Size
1200
Issue Size
₹ 26.00 Cr
Minimum Investment
₹ 230,400 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Harikanta Overseas IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹26.00 Crore, comprising a fresh issue of 26.70 Lakh equity shares aggregating to ₹26.00 Crore.
The Harikanta Overseas IPO remained open for subscription from May 20, 2026, to May 27, 2026. The basis of allotment was finalized on May 29, 2026, and the company's shares were listed on BSE SME Platform on June 02, 2026.
The company had fixed the price band at ₹91 to ₹96 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹230,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Interactive Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Harikanta Overseas Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Harikanta Overseas IPO Timeline (Tentative)
- IPO Open Date
- Wed, 20 May 26
- IPO Close Date
- Wed, 27 May 26
- Basis of Allotment
- Fri, 29 May 26
- Initiation of Refunds
- Mon, 01 Jun 26
- Credit of Shares to Demat
- Mon, 01 Jun 26
- Listing Date
- Tue, 02 Jun 26 — NSE & BSE
Open Date
20 May 2026
Close Date
27 May 2026
Basis Of Allotment
29 May 2026
Listing Date
02 June 2026
IPO Subscription
Check Live Subscription →The Harikanta Overseas IPO has received bids for 29,65,200 shares against 25,35,600 shares offered, resulting in an overall subscription of 1.17x. the NII category is subscribed 0.8x, Retail Investors 0.66x, and QIBs 21.33x. Within the NII category, BNII is subscribed 1.07x, while SNII is subscribed 0.28x.
QIB
21.33x
NII
0.8x
BNII
1.07x
SNII
0.28x
RII
0.66x
Total
1.17x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,40,800 shares, representing 48.94% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 54,000 shares (2.13%), while Non-Institutional Investors (NIIs) receive 12,40,800 shares (48.94%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 54,000 | 2.13% |
| Non-Institutional | 1,240,800 | 48.94% |
| BNII | 826,800 | 32.61% |
| SNII | 414,000 | 16.33% |
| Retail Investors | 1,240,800 | 48.94% |
| Total | 2,535,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Harikanta Overseas Limited KPI Information
| 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 |
| Pat Margin % | 19.5 | 12.7 | 7.38 | 1.69 |
Peers Comparison
| 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 |
About Harikanta Overseas Limited
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.
Harikanta Overseas IPO Promoters
- Hardik Gotawala
- Abhishek Gotawala
- Nilesh Gotawala
Promoters Holding
Holding Pre Issue
96.87%
Holding Post Issue
70.66%
Harikanta Overseas IPO Objective
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
Harikanta Overseas Limited Address / Contact Details
Harikanta Overseas Ltd.
28, Sairam Ind Estate Bamroli
Surat, Gujarat, 394107
Phone: +919898682560
Email: info@harikantaoverseas.com
Website: http://www.harikantaoverseas.com/
IPO Snapshot
Harikanta Overseas IPO Lot Size
The Harikanta Overseas IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,30,400 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,30,400.
| 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 |
Issue Reservation
- QIB — 2.13%
- NII — 48.94%
- RII — 48.94%
Book Running Lead Managers
- Interactive Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Harikanta Overseas IPO?
Harikanta Overseas IPO is a Book-building IPO with a total issue size of ₹26 crore. The Harikanta Overseas IPO price band is ₹91 to 96 per share. The Harikanta Overseas IPO subscription opens on Wed, May 20, 2026, and closes on Wed, May 27, 2026. The Harikanta Overseas IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Harikanta Overseas IPO.
When will the Harikanta Overseas IPO open for subscription?
The Harikanta Overseas IPO opens on Wed, May 20, 2026 and closes on Wed, May 27, 2026
What is Harikanta Overseas IPO Price Band?
Harikanta Overseas IPO Price Band is ₹91 to 96 per share.
What is Harikanta Overseas IPO Lot Size?
Harikanta Overseas IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
What is the minimum investment for Harikanta Overseas IPO?
The minimum investment for Harikanta Overseas IPO is ₹230400, based on one lot of 1200 shares at the upper price band of ₹96 per share.
How to apply for Harikanta Overseas IPO?
Investors can apply for the Harikanta Overseas IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, May 27, 2026. The application amount remains blocked until the Harikanta Overseas IPO allotment is finalized.
What is Harikanta Overseas IPO Issue Size?
Harikanta Overseas IPO issue size is ₹26 crores.
What is the Harikanta Overseas IPO Allotment Date?
Harikanta Overseas IPO allotment date is Fri, May 29, 2026.
Who is the Harikanta Overseas IPO Registrar?
The registrar for Harikanta Overseas IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Harikanta Overseas IPO allotment status, refund processing, and other IPO-related information.
Who is the Harikanta Overseas IPO Lead Manager?
The book-running lead managers (BRLMs) for the Harikanta Overseas IPO are Interactive Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Harikanta Overseas IPO Red Herring Prospectus (RHP).