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Harikanta Overseas IPO Details

Bookbuilding IPO | ₹26 Cr | Listing at BSE SME | Wed, May 20, 2026 - Fri, May 22, 2026

Harikanta Overseas IPO is a book build issue of ₹25.63 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹25.63 crore.

Harikanta Overseas IPO opens for subscription on May 20, 2026 and closes on May 22, 2026. The allotment for the Harikanta Overseas IPO is expected to be finalized on May 25, 2026. Harikanta Overseas IPO will list on the BSE SME with a tentative listing date fixed as May 27, 2026.

Harikanta Overseas IPO is set issue price band at ₹91 to ₹96 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,45,600.

Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd.

Refer to Harikanta Overseas IPO RHP for detailed Information.

IPO Open

Wed, May 20, 2026

IPO Close

Fri, May 22, 2026

Price Band

₹91 to ₹96

Market Cap (Pre-IPO)

₹94.76 Cr

IPO Details

IPO Date

20 to 22 May, 2026
Listing Date

Wed, May 27, 2026T
Face Value

₹10 per share
Price Band

₹91 to ₹96
Lot Size

1,200 Shares
Sale Type

Fresh capital only
Issue Type

Bookbuilding IPO
Listing At

BSE SME

Total Issue Size

26,70,000 shares (agg. up to ₹26 Cr)
Reserved for Market Maker

1,34,400 shares (agg. up to ₹1 Cr) Aftertrade Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)

25,35,600 shares (agg. up to ₹24 Cr)
Net Offered to Public

25,35,600 shares (agg. up to ₹24 Cr)
Share Holding Pre Issue

71,95,740 shares
Share Holding Post Issue

98,65,740 shares

IPO Timetable (Tentative)

IPO Open

Wed, May 20, 2026
Allotment

Mon, May 25, 2026
Credit of Shares

Tue, May 26, 2026

IPO Close

Fri, May 22, 2026
Refund

Tue, May 26, 2026
Listing

Wed, May 27, 2026

Issue Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 35% of the Offer
NII Shares Offered	Not less than 15% of the Offer

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,30,400
Individual investors (Retail) (Max)	2	2,400	₹2,30,400
S-HNI (Min)	3	3,600	₹3,45,600
S-HNI (Max)	8	9,600	₹9,21,600
B-HNI (Min)	9	10,800	₹10,36,800

IPO Subscription Details

About Harikanta Overseas Ltd.

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 August 31, 2025, the company has 42 permanent employees.

Competitive Strengths

Quality Products
Efficient production process
Customization and flexibility
Global Reach and Export Capability
Range of Products

Company Financials (Restated Consolidated)

Period Ended	31 Mar 2025
Assets	23.12
Total Income	35.50
Profit After Tax	4.47
EBITDA	6.72
NET Worth	13.79
Reserves and Surplus	6.59
Total Borrowing	3.26
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Capital Expenditure for Factory premises

7.25
2 Capital Expenditure for purchase of machineries

9.50
3 Working Capital Requirement
4 General Corporate Purpose

16.75

Key Performance Indicator (KPI)

KPI	Mar 31, 2025
ROE	56.72%
ROCE	37.56%
Debt/Equity	0.24
RoNW	32.41%
PAT Margin	12.70%
EBITDA Margin	18.92%
Price to Book Value	5.01

Check IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (₹)	6.21	7.73
P/E (x)	15.45	12.41
Promoter Holding	96.87%
Market Cap	₹94.76 Cr.

Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala are the company promoters.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2025 available in RHP.

IPO Stock Quote & Charts

Harikanta Overseas Ltd. Financial Information (Restated Standalone)

Period Ended	31 Mar 2024	31 Mar 2023
Assets	6.61	4.99
Total Income	11.27	15.06
Profit After Tax	0.82	0.25
EBITDA	1.24	0.49
NET Worth	1.97	1.15
Reserves and Surplus	1.47	0.65
Total Borrowing	1.47	1.34
Amount in ₹ Crore

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200
ipo@bigshareonline.com
Visit Website

IPO Lead Manager(s)

Interactive Financial Services Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Harikanta Overseas Ltd. Address

28, Sairam Ind Estate Bamroli

Surat, Gujarat, 394107

+919898682560
info@harikantaoverseas.com
Visit Website

IPO FAQs

What is the Harikanta Overseas IPO?

Harikanta Overseas IPO is a SME IPO of 26,70,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹91 to ₹96. The minimum order quantity is 1200.

The IPO opens on Wed, May 20, 2026, and closes on Fri, May 22, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Harikanta Overseas IPO through Zerodha?

Angel One customers can apply online in Harikanta Overseas IPO using UPI as a payment gateway. Angel One customers can apply in Harikanta Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Harikanta Overseas IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Harikanta Overseas IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Harikanta Overseas IPO will open?

The Harikanta Overseas IPO opens on Wed, May 20, 2026 and closes on Fri, May 22, 2026.

What is the lot size of Harikanta Overseas IPO?

Harikanta Overseas IPO lot size is 1200, and the minimum amount required for application is ₹2,30,400, with 2 lots being the minimum application size.

How to apply for Harikanta Overseas IPO?

You can apply in Harikanta Overseas IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Harikanta Overseas IPO allotment?

The finalization of Basis of Allotment for Harikanta Overseas IPO will be done on Monday, May 25, 2026, and the allotted shares will be credited to your demat account by Tue, May 26, 2026. Check the Harikanta Overseas IPO allotment status.

When is Harikanta Overseas IPO listing date ?

The Harikanta Overseas IPO listing date is not yet announced. The tentative date of listing is Wed, May 27, 2026.