Published: 14 May 2026 | 5.57 AM
Last Updated: 3 June 2026 | 6.30 AM
IPO Overview / Intro
Harikanta Overseas IPO is an SME book-built issue of Rs. 25.63 crore. The issue comprises entirely a fresh issue of 26.69 lakh shares. The IPO opens for subscription on 20 May 2026 and closes on 27 May 2026. The company is proposed to be listed on the BSE SME platform on 2 June 2026.
Harikanta Overseas Limited is engaged in manufacturing synthetic textile fabrics including saree fabrics, polyester garment fabrics, dhupion fabrics, poly linen and Ikat fabrics catering primarily to women’s ethnic wear and garment markets. The company operates a Surat-based textile manufacturing facility and also exports products to Bahrain, Singapore and Thailand.
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Book Build IPO |
| Issue Size | Rs. 25.63 Cr |
| Business | Synthetic Textile Fabrics Manufacturing |
| Listing Exchange | BSE SME |
| Issue Nature | Fresh Issue Only |
| Price Band | Rs. 91 to Rs. 96 |
| Retail Application | 2 Lots Mandatory |
| Listing Date | 2 June 2026 |
| Lead Manager | Interactive Financial Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Harikanta Overseas IPO GMP – Latest Update
| Particulars | Details |
|---|---|
| IPO GMP Today | Rs. NA |
| Kostak | NA |
| Subject to Sauda | NA |
| GMP Trend | Awaited |
Harikanta Overseas IPO Subscription Status – Live Update
| Investor Category | Subscription Status |
|---|---|
| QIB | 21.33x |
| NII | 0.70x |
| Retail | 0.66x |
| Total | 1.12x |
IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Date | 20 May to 27 May 2026 |
| Listing Date | 2 June 2026 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 91 to Rs. 96 |
| Lot Size | 1,200 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue Only |
| Listing At | BSE SME |
| Total Issue Size | 26,69,791 Shares (Rs. 25.63 Cr) |
| Fresh Issue | 26,69,791 Shares (Rs. 25.63 Cr) |
| Shareholding Pre Issue | 71,95,740 Shares |
| Market Cap (Pre-IPO) | Rs. 94.76 Cr |
IPO Timetable
| Event | Date |
|---|---|
| IPO Open | Wednesday, 20 May 2026 |
| IPO Close | Wednesday, 27 May 2026 |
| Allotment Finalisation | Friday, 29 May 2026 |
| Refund Initiation | Monday, 1 June 2026 |
| Credit of Shares | Monday, 1 June 2026 |
| Listing Date | Tuesday, 2 June 2026 |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More Than 50% of Net Offer |
| Retail Shares Offered | Not Less Than 35% of Offer |
| NII Shares Offered | Not Less Than 15% of Offer |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | Rs. 2,30,400 |
| Retail (Max) | 2 | 2,400 | Rs. 2,30,400 |
| S-HNI (Min) | 3 | 3,600 | Rs. 3,45,600 |
| S-HNI (Max) | 8 | 9,600 | Rs. 9,21,600 |
| B-HNI (Min) | 9 | 10,800 | Rs. 10,36,800 |
Company Details
Harikanta Overseas Limited, incorporated in 2018, manufactures synthetic textile fabrics used primarily in ethnic and fashion wear categories. The company’s product basket includes Ikat fabrics, saree fabrics, polyester fabrics, dhupion fabrics, poly linen and natural fiber textile products.
The company primarily caters to women’s wear categories including sarees, kurtas and dress materials, while also supplying fabrics for men’s ethnic wear products. Its manufacturing facility is located in Surat, Gujarat, one of India’s largest textile manufacturing hubs.
Harikanta Overseas exports textile products to Bahrain, Singapore and Thailand while also supplying domestic markets including Delhi, Bangalore, Maharashtra, Uttar Pradesh, Punjab and Rajasthan. The company focuses on flexible production capability, customised textile solutions and quality-oriented fabric manufacturing.
| Particulars | Details |
|---|---|
| Registered Office | 28, Sairam Industrial Estate, Bamroli, Surat, Gujarat – 394107 |
| Phone | +91 9898682560 |
| info@harikantaoverseas.com | |
| Manufacturing Facility | Surat, Gujarat |
| Business Segment | Synthetic Textile Fabrics |
| Core Products | Saree Fabrics, Ikat, Poly Linen, Dhupion |
| Export Markets | Bahrain, Singapore, Thailand |
| Particulars | Details |
|---|---|
| Lead Manager | Interactive Financial Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Market Maker | Aftertrade Broking Pvt. Ltd. |
Financials
| Particulars (Rs. Cr.) | FY25 |
|---|---|
| Assets | 23.12 |
| Total Income | 35.50 |
| Profit After Tax | 4.47 |
| EBITDA | 6.72 |
| Net Worth | 13.79 |
| Reserves & Surplus | 6.59 |
| Total Borrowings | 3.26 |
| Particulars (Rs. Cr.) | FY24 | FY23 |
|---|---|---|
| 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 & Surplus | 1.47 | 0.65 |
| Total Borrowings | 1.47 | 1.34 |
Valuation
| Objects of the Issue | Estimated Amount (Rs. Cr.) |
|---|---|
| Capital Expenditure for Factory Premises | 5.40 |
| Capital Expenditure for Machinery Purchase | 9.33 |
| Working Capital Requirement | 4.75 |
| General Corporate Purpose | Balance |
| KPI | FY25 |
|---|---|
| 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 |
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 6.21 | 7.73 |
| P/E (x) | 15.45 | 12.41 |
| Promoter Holding | 96.87% | NA |
| Market Cap | Rs. 94.76 Cr | NA |
Chanakya View
Harikanta Overseas IPO operates in the synthetic textile and ethnic wear fabric segment where demand continues to remain strong due to growth in fashion retail, wedding wear and organised textile distribution channels.
The company has demonstrated strong profitability growth with healthy EBITDA margins and improving return ratios. Its Surat manufacturing base, export exposure and diversified textile product portfolio are key positives. The issue also appears reasonably valued considering the company’s earnings profile and margin structure.
However, investors should also consider risks related to textile demand cycles, raw material price volatility and competitive pressure from organised and unorganised fabric manufacturers.
| Parameter | Chanakya View |
|---|---|
| Business Model | Synthetic Textile Manufacturing |
| Financial Trend | Strong Growth |
| Margin Profile | Healthy |
| Valuation | Reasonably Priced |
| Risk Level | Moderate |
| Listing Appeal | Positive |
| Long-Term Appeal | Selective |
Chanakya View: Harikanta Overseas IPO appears to be a reasonably priced SME textile IPO with improving profitability and export exposure. Investors with moderate risk appetite may consider selective exposure from medium-to-long term perspective.
Frequently Asked Questions (FAQs)
What is Harikanta Overseas IPO GMP today?
Harikanta Overseas IPO GMP today is currently unavailable in the grey market. GMP activity is expected to emerge closer to listing.
What is the Harikanta Overseas IPO price band?
The IPO price band is fixed at Rs. 91 to Rs. 96 per share.
What is the Harikanta Overseas IPO lot size?
The minimum lot size for retail investors is 2 lots comprising 2,400 shares worth Rs. 2,30,400.
When will Harikanta Overseas IPO list?
Harikanta Overseas IPO is scheduled to list on the BSE SME platform on 27 May 2026.