IPO details · Updated
Harikanta Overseas Limited
- Price Band
- ₹86 – ₹91
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,09,200
- Issue Size
- ₹24.3 Cr
- Offer Dates
- 20 May – 27 May 2026
- Listing
- 2 Jun 2026
Issue Details
- Total Issue Size
- ₹24.3 Cr
- 26,70,000 shares
- Fresh Issue
- ₹24.3 Cr
- 26,70,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 71,95,740
- Shares Post-Issue
- 98,65,740
IPO Timeline
Offer opens
20 May 2026
Offer closes
27 May 2026
Allotment
29 May 2026
Listing
2 Jun 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB2.0%54,000 shares
- HNI46.5%12,40,800 shares
- Retail46.5%12,40,800 shares
- MarketMaker5.0%1,34,400 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 54,000 | 11,51,820 | 21.33x |
| NII | 12,40,800 | 8,68,560 | 0.70x |
| Retail | 12,40,800 | 8,18,928 | 0.66x |
| Total | 25,35,600 | 28,39,308 | 1.12x |
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
2 lots · 2,400 shares
Retail (max)
2 lots · 2,400 shares
S-HNI (min)
3 lots · 3,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,18,400 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹3,27,600 |
| Big HNI (B-HNI) | 10 | 12,000 | ₹10,92,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Nov-25 | Mar-25 |
|---|---|---|
| Assets | 32.51 | 23.12 |
| Total Income | 26.28 | 35.5 |
| Profit After Tax | 5.09 | 4.47 |
| EBITDA | 7.35 | 6.72 |
| Net Worth | 18.77 | 13.79 |
| Reserves & Surplus | 11.68 | 6.59 |
| Total Borrowing | 2.87 | 3.26 |
Key Performance Indicators
| Period | Nov-25 | Mar-25 |
|---|---|---|
| ROE (%) | 31.15 | 56.72 |
| ROCE (%) | 31.99 | 37.56 |
| EPS (₹) | — | 6.21 |
| P/E (pre-issue) | — | 14.66 |
| P/E (post-issue) | — | 11.77 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Betex India Ltd. | 28.01 | 5.73% |
| Swasti Vinayaka Synthetics Ltd. | 12.78 | 10.54% |
About Harikanta Overseas Limited
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 Quality Products Efficient production process Customization and flexibility Global Reach and Export Capability Range of Products
Objects of the Issue
- Capital Expenditure for Factory Premises (₹5.40 Cr)
- Capital Expenditure for purchase of machineries (₹9.33 Cr)
- Working Capital Requirement (₹4.75 Cr)
- General Corporate Purposes (₹1.31 Cr)
- Issue expenses (₹3.51 Cr)
Promoters
- Hardik Gotawala
- Abhishek Gotawala
- Nilesh Gotawala
Company Information
- Book running lead managers
- Interactive Financial Services Ltd.
- Registered office
- 28, Sairam Ind Estate Bamroli, Surat, Gujarat, 394107
- Market maker
- Aftertrade Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
Similar IPOs
Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.