Harikanta Overseas IPO
- Issue price
- ₹96
- Listing price
- ₹79.75
- -16.93%
- Current price
- ₹59.9
- -37.60%
- Subscribed
- 0.3x
- Issue size
- ₹26 Cr
- Listed on
- 2 Jun 2026
IPO timeline
- Opens20 MayWed
- Closes22 MayFri
- Allotment25 MayMon
- Refunds26 MayTue
- Demat credit26 MayTue
- Listing2 JunTue
Issue details
- Price band
- ₹91 – ₹96 per share
- Issue size
- ₹26 Cr
- Fresh issue
- ₹26 Cr · 0.27 Cr shares
- Offer for sale
- None
- Issue type
- Fresh capital only
- Face value
- ₹10 per share
- Lot size
- 1,200 shares
- Minimum investment
- ₹1,15,200
- Listing on
- BSE SME
- Exchange code
- HARIKANTA.BO · 7722
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
Reservation
- QIB
- 54,000 shares (2.13% of the Offer)
- NII
- 12,40,800 shares (48.94% of the Offer)
- Retail
- 12,40,800 shares (48.94% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on Bigshare Services- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 25 May 2026
- Refunds initiated
- 26 May 2026
- Shares credited to demat
- 26 May 2026
- Listing
- 2 Jun 2026
Grey market premium (GMP)
- Current GMP
- ₹0
- —
- Estimated listing price
- ₹96
- Issue price ₹96
- Highest
- ₹0
- 15 May
- Lowest
- ₹0
- 15 May
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 29 May 2026 | ₹0 | — | ₹96 |
| 26 May 2026 | ₹0 | — | ₹96 |
| 25 May 2026 | ₹0 | — | ₹96 |
| 23 May 2026 | ₹0 | — | ₹96 |
| 22 May 2026 | ₹0 | — | ₹96 |
| 21 May 2026 | ₹0 | — | ₹96 |
| 20 May 2026 | ₹0 | — | ₹96 |
| 19 May 2026 | ₹0 | — | ₹96 |
| 18 May 2026 | ₹0 | — | ₹96 |
| 15 May 2026 | ₹0 | — | ₹96 |
- Kostak rate
- ₹0
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB1x
- NII (HNI)0.27x
- Retail0.32x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 54,000 | 54,000 | 1x |
| Non-Institutional Investors (NII) | 13,75,200 | 3,64,800 | 0.27x |
| bNII — bids above ₹10 Lakh | 8,26,800 | 2,98,800 | 0.36x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 4,14,000 | 66,000 | 0.16x |
| Retail Individual Investors (RII) | 12,40,800 | 3,93,600 | 0.32x |
| Total | 26,70,000 | 8,12,400 | 0.3x |
Financials
- P/E Ratio
- 11.77
- EPS (₹)
- 7.73
- RoCE
- 37.56%
- RoNW
- 32.41%
- PAT Margin
- 12.70%
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| Period ended | 30 Nov 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 32.51 | 23.12 |
| Total Income | 26.28 | 35.50 |
| Profit After Tax | 5.09 | 4.47 |
| EBITDA | 7.35 | 6.72 |
| NET Worth | 18.77 | 13.79 |
| Reserves and Surplus | 11.68 | 6.59 |
| Total Borrowing | 2.87 | 3.26 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Harikanta Overseas This IPO | ₹26 Cr | 11.77 | 32.41% | 12.70% | 0.3x | -16.93% |
| Panchatv Bharat SME · listed 18 Sep 2026 | ₹24.58 Cr | 20.32 | 31.25% | 5.77% | 0x | -7.89% |
| Riyaasat Lifestyle SME · listed 1 Jul 2026 | ₹30.19 Cr | 22.12 | 37.15% | 19.62% | 1.31x | -20.00% |
| Vivekanand Cotspin SME · listed 28 Sep 2026 | ₹22.2 Cr | 22.84 | 15.96% | 0.90% | 1.73x | +2.70% |
| Shreedhar Spinners SME · listed 1 Jul 2026 | ₹30.68 Cr | 18.41 | 20.74% | 4.22% | 6.8x | — |
| Unitec Fibres SME · listed 30 Sep 2026 | ₹34.47 Cr | 16.7 | 11.69% | 3.39% | 3.72x | +2.27% |
| R.K.Fashion Accessories SME · Upcoming | ₹34.99 Cr | — | — | — | — | — |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Harikanta Overseas
[Harikanta Overseas](https://harikantaoverseas.com/?utm_source=chatgpt.com) is an Indian textile and garment company engaged in the manufacturing and export of a wide range of fabrics, home textiles, and apparel products. The company has built its presence by catering to both domestic and international markets, focusing on quality-driven production and long-term client relationships. Over the years, it has expanded its operations through modern manufacturing practices and a diversified product portfolio suited for evolving fashion and textile industry demands. The business model of Harikanta Overseas is mainly based on sourcing, manufacturing, and supplying textile products to wholesalers, retailers, exporters, and institutional buyers. The company offers products such as fabrics, garments, and textile-based solutions while maintaining emphasis on timely delivery and competitive pricing. The promoters of the company have experience in the textile and trading sector, helping the business maintain operational efficiency and customer retention across different markets.
Strengths
- Strong experience of the Gotawala family in the textile manufacturing business.
- Diversified fabric portfolio including Ikat, saree, polyester, and poly linen fabrics.
- Presence in both domestic and international markets like Thailand, Bahrain, and Cambodia.
- Modern manufacturing setup with Rapier Jacquard machines and ISO certifications.
- Growing focus on direct exports and capacity expansion through Harikanta Weaving acquisition.
Risks
- Heavy dependence on synthetic yarn and petrochemical-based raw materials.
- Large revenue concentration from limited geographies, especially Cambodia and Gujarat.
- Business operations depend on a single manufacturing facility in Surat.
- Textile business is exposed to seasonal demand and fashion trend changes.
- SME-listed stocks may face lower liquidity and higher price volatility after listing.
Objects of the issue
- Capital Expenditure for Factory premises₹5.4 Cr
- Capital Expenditure for purchase of machineries₹9.33 Cr
- Working Capital Requirement₹4.75 Cr
- General Corporate Purpose
Promoters and shareholding
Abhishek Gotawala, Hardik Gotawala and Nilesh Gotawala
- Promoter holding, pre-issue
- 96.87%
- Promoter holding, post-issue
- 70.66%
Registrar, lead managers and documents
Lead manager
Company contact
28, Sairam Ind Estate Bamroli, Surat, Gujarat, 394107
+919898682560
info@harikantaoverseas.comHarikanta Overseas IPO: common questions
When does the Harikanta Overseas IPO open and close?
The Harikanta Overseas IPO opens on 20 May 2026 and closes on 22 May 2026.
What is the price band of the Harikanta Overseas IPO?
The price band is ₹91 – ₹96 per share, with a lot size of 1,200 shares and a minimum investment of ₹1,15,200.
What is the size of the Harikanta Overseas IPO?
The issue size is ₹26 Cr (Fresh capital only).
What is the GMP of the Harikanta Overseas IPO?
The last reported grey market premium is ₹0 per share as of 29 May 2026, 05:21 PM IST. GMP is unofficial and changes frequently.
When is the Harikanta Overseas IPO allotment?
The basis of allotment is expected on 25 May 2026. Allotment status can be checked with the registrar, Bigshare Services Private Limited.
When will the Harikanta Overseas IPO list?
The shares listed on 2 Jun 2026 on BSE SME.
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