| IPO Date | May 20, 2026 to May 27, 2026 |
| Listing Date | June 2, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 86 to ₹ 91 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2670000 (Aggregating up to 24 ) |
| Fresh Issue | 2535600 (Aggregating up to 23) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7195740 |
| Share holding post issue | 9865740 |
| Market Maker portion |
Harikanta Overseas IPO opens on May 20, 2026, and closes on May 27, 2026.
| IPO Open Date | May 20, 2026 |
| IPO Close Date | May 27, 2026 |
| Basis of Allotment | May 29, 2026 |
| Initiation of Refunds | June 1, 2026 |
| Credit of Shares to Demat | June 1, 2026 |
| Listing Date | June 2, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | Rs.218,400 |
| Retail (Max) | 2 | 2,400 | Rs.218,400 |
| S-HNI (Min) | 3 | 3,600 | Rs.327,600 |
| S-HNI (Max) | 9 | 10,800 | Rs.982,800 |
| B-HNI (Min) | 10 | 12,000 | Rs.1,092,000 |
| HNI (Min) |
| Share Holding Pre Issue | 7195740 |
| Share Holding Post Issue | 9865740 |
Harikanta Overseas IPO comprises a total issue size of 26,70,000 shares. The net offer to the public is 25,35,600 shares, after excluding 1,34,400 shares allotted on a firm basis. Of the Net offer 54,000 (2.13%) are allocated to QIB, 12,40,800 (48.94%) allocated to NII 12,40,800 (48.94%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 134400 |
5.03 |
| Other Shares Offered | |
|
| QIB Shares Offered | 54000 2.13 |
2.02 |
| NII (HNI) Shares Offered | 1240800 48.94 |
46.47 |
| bNII > ₹10L | 826800 |
30.97 |
| sNII < ₹10L | 414000 |
15.51 |
| Retail Shares Offered | 1240800 48.94 |
46.47 |
| Employee Shares Offered | |
|
| Total Shares Offered | 2670000 100.00 |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product range includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supply fabrics for women’s wear such as sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas.
The company has set up a manufacturing unit in Surat, Gujarat, spread across 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli. The company also export products to Bahrain, Singapore, and Thailand, while serving key domestic markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.
As on February 28, 2026, the company has 111 permanent employees.
Competitive Strengths
| KPI | Values |
|---|---|
| ROE | 31.15 |
| ROCE | 31.99 |
| Debt/Equity | 0.15 |
| RoNW | 27.10 |
| P/BV | 3.68 |
| PAT Margin (%) | 19.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.21 | 7.73 |
| P/E (x) | 14.66 | 11.77 |
Hardik Gotawala, Abhishek Gotawala and Nilesh Gotawala
Harikanta Overseas Ltd. Address 28, Sairam Ind Estate Bamroli Surat, Gujarat, 394107
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