What is the GMP of Harikanta Overseas IPO today?

The Grey Market Premium (GMP) for Harikanta Overseas IPO is currently ₹0. With an upper price band of ₹91, the estimated listing price is ₹91 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Harikanta Overseas IPO?

The price band for Harikanta Overseas IPO is ₹86 to ₹91 per equity share. The minimum lot size is 1200 shares, which requires a minimum retail application investment of ₹1,09,200.

What are the important dates for Harikanta Overseas IPO?

Harikanta Overseas IPO opens for subscription on 2026-05-20T00:00:00 and closes on 2026-05-27T00:00:00. The basis of allotment is scheduled for 2026-05-29T00:00:00, and shares are expected to list on 2026-06-02T00:00:00 on BSE, NSE.

How can I check the allotment status for Harikanta Overseas IPO?

You can check Harikanta Overseas IPO allotment status on the registrar's official portal (Bigshare Services Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Harikanta Overseas IPO?

Investors can apply for Harikanta Overseas IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Harikanta Overseas IPO open and close?

The IPO opens on 20 May 2026, and closes on 27 May 2026.

What is Harikanta Overseas IPO price band?

The issue price band is ₹86.00 to ₹91.00 per equity share.

What is the Harikanta Overseas IPO lot size?

The minimum lot size is 1200 shares per application.

What is the Harikanta Overseas IPO allotment date?

The allotment is scheduled on 29 May 2026.

Harikanta Overseas IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

24.30 Cr

Price Band

₹86.00 - ₹91.00

Lot Size

1200 Shares

Min Investment

₹2,18,400

GMP

₹0

Subscription

1.12x

₹25.76 Cr

20 May 2026

IPO Opens

COMPLETED

27 May 2026

IPO Closes

COMPLETED

29 May 2026

Basis of Allotment

COMPLETED

01 Jun 2026

Refunds

COMPLETED

01 Jun 2026

Demat Credit

COMPLETED

02 Jun 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

20 May 2026

IPO ClosesDONE

27 May 2026

Basis of AllotmentDONE

29 May 2026

RefundsDONE

01 Jun 2026

Demat CreditDONE

01 Jun 2026

ListingDONE

02 Jun 2026

About Harikanta Overseas IPO

Harikanta Overseas IPO open date is May 20, 2026 and the IPO will close on May 27, 2026. Harikanta Overseas IPO is a Book build Issue. The company to raise around ₹24.30 crores via IPO that comprises fresh issue of ₹24.30 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Harikanta Overseas IPO price band is ₹86 to ₹91 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Harikanta Overseas IPO to list on BSE on June 2, 2026. The allotment of Harikanta Overseas IPO date is May 29, 2026.

The company reported revenue of ₹35.50 crores in 2025. The company reported profit of ₹4.47 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Harikanta Overseas IPO Details and Specifications
IPO Date	20 May 2026 to 27 May 2026
Face Value	₹10 Per Share
Price Band	₹86.00 - ₹91.00
Lot Size	1200 Shares
Total Issue Size	Approx 24.30 Cr 26,70,000 Equity Shares
Fresh Issue	Approx 24.30 Cr 26,70,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	02 Jun 2026
Listing At	BSE
Total Subscription Amount	₹25.76 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	TBA	0.00%
- QIB (Ex. Anchor)	54,000	0.00%
NII	12,40,800	0.00%
- bNII > ₹10L	8,26,800	0.00%
- sNII < ₹10L	4,14,000	0.00%
Retail	12,40,800	0.00%
Share Holders	TBA	0.00%
Market Maker	1,34,400	0.00%
Total	26,70,000	0.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,18,400
Individual investors (Retail) (Max)	2	2,400	₹2,18,400
S-HNI (Min)	3	3,600	₹3,27,600
S-HNI (Max)	9	10,800	₹9,82,800
B-HNI (Min)	10	12,000	₹10,92,000

About Company

Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product portfolio comprises Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supplies fabrics used in women’s wear, such as sarees, dress materials, and kurtas, and also provides fabric for men’s kurtas.

The company has a mission to deliver high-quality fabric solutions for both domestic and international markets by using advanced technology and sustainable manufacturing practices. In 2024, the company expanded by adding new factory premises and starting in-house yarn processing initiatives.

The company has established a manufacturing facility in Surat, Gujarat, covering 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli.

It also exports its products to Bahrain, Singapore, and Thailand, while catering to major domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.

Contact Details

Harikanta Overseas Ltd.

28, Sairam Ind Estate, Bamroli

Surat, Gujarat, 394107

+919898682560

info@harikantaoverseas.com

Visit Website

Registrar

Bigshare Services Pvt Ltd

022-62638200

ipo@bigshareonline.com

Lead Managers

Interactive Financial Services Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
02-Jun-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
01-Jun-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
30-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
29-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
28-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
27-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
26-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
25-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
23-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
22-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
21-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
20-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
19-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
18-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
17-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
16-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
15-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
14-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0
13-May-2026 03:00 PM	+₹0	₹91	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	21.33x	54,000	11,52,000	₹10.48 Cr
NII	0.70x	12,40,800	8,62,800	₹7.85 Cr
bNII > ₹10L	0.90x	8,26,800	7,46,400	₹6.79 Cr
sNII < ₹10L	0.28x	4,14,000	1,16,400	₹1.06 Cr
Retail	0.66x	12,40,800	8,16,000	₹7.43 Cr
Total	1.12x	25,35,600	28,30,800	₹25.76 Cr

Objects of the Issue

01 Capital Expenditure for Factory premises : 5.40 Cr
02 Capital Expenditure for purchase of machineries : 9.33 Cr
03 Working Capital Requirement : 4.75 Cr
04 General Corporate Purpose : 1.31 Cr
05 Issue expenses : 3.51 Cr

Company Financials

Period Ended	30 NOV 2025	31 MAR 2025
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

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	37.56%
Debt/Equity Ratio	0.24
Return on Net Worth (RoNW)	32.41%
PAT Margin	-
EBITDA Margin	18.92%
Net Asset Value (NAV)	₹19.16
Earning Per Share (EPS)	₹6.69

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Swasti Vinayaka Synthetics Limited	0.27	19.44	2.55	10.54	385.58
Betex India Limited	13.03	35.61	227.34	5.73	971.46

Promoters and Holding Pattern

Hardik Gotawala, Abhishek Gotawala, Nilesh Gotawala are the company's promoters of Harikanta Overseas.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	96.87%	70.66%
Others*	3.13%	29.34%

Strengths

Harikanta Overseas Limited derives a significant portion of its revenue from exports. In FY25, export sales and merchant exports together contributed over 64% of its operating revenue. The company exports products such as Ikat fabrics to countries including Cambodia, Thailand, Bahrain, and Singapore, which helps diversify its market presence.
The company operates a manufacturing facility in Surat, Gujarat, a major synthetic textile manufacturing hub. This location provides access to raw material suppliers, textile infrastructure, logistics connectivity, and a skilled workforce involved in textile production.
Harikanta Overseas manufactures a diversified range of textile fabrics, including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics. The company has also expanded its product portfolio after acquiring machinery from associate entities in September 2024 and has started manufacturing additional fabric categories.
The company claims to have flexible production capabilities that allow it to handle both bulk and customised fabric orders. According to the prospectus, it undertakes customised production for fabrics used in sarees, dress materials, kurtas, and other apparel applications while also managing shorter turnaround requirements.
The company’s subsidiary, Harikanta Weaving Private Limited, supports manufacturing operations and job work activities. The subsidiary claims to have 16 rapier looms along with supporting machinery, which assists in the timely execution of domestic and export orders.
The company is ISO 9001:2015 certified for quality management systems for manufacturing textile fabrics. It is also ISO 14001:2015 certified for environmental management systems and ISO 45001:2018 certified for occupational health and safety management systems
The company has witnessed a consistent increase in its profit after tax (PAT). PAT increased from Rs 0.25 crore in FY23 to Rs 0.82 crore in FY24 and Rs 4.47 crore in FY25.

Risks

The company is significantly dependent on yarn and related raw materials such as air tex yarn, texturised poly yarn, and TPM poly yarn for its manufacturing operations. Any price fluctuations or non-availability of these raw materials due to supply-demand imbalances, changes in government policies, import duties, or foreign exchange movements can negatively impact the company’s margins and profitability.
The company has a concentrated supplier base. The top 10 suppliers contributed Rs 13.42 crore (56.24%) of total purchases in FY25, Rs 5.54 crore (100%) in FY24, and Rs 9.49 crore (100%) in FY23. Any disruption in supplies from these key vendors can adversely affect the company’s production schedules, operations, and financial condition.
The company recorded negative cash flows from operating activities amounting to Rs 0.43 crore in FY25. Cash generated from operating activities has steadily fallen from FY23 to FY25, meaning that sales on credit are increasing over the years. The company may need to access debt funding to run day-to-day operations, which, in turn, will increase finance costs and pinch the net profit.
The company has contingent liabilities amounting to Rs 0.84 crore as of FY25, primarily related to obligations under the EPCG Scheme and bank guarantees issued on behalf of the company. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition, liquidity position, and results of operations.
The company’s business is seasonal in nature, with higher demand during festive seasons, weddings, and cultural events. Any slowdown in demand or unexpected changes in consumer spending and fashion trends can adversely affect the company’s sales, inventory management, manufacturing utilisation, and profitability.

Frequently Asked Questions (FAQ)

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About Harikanta Overseas IPO

The company reported revenue of ₹35.50 crores in 2025. The company reported profit of ₹4.47 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Harikanta Overseas IPO Details and Specifications
IPO Date	20 May 2026 to 27 May 2026
Face Value	₹10 Per Share
Price Band	₹86.00 - ₹91.00
Lot Size	1200 Shares
Total Issue Size	Approx 24.30 Cr 26,70,000 Equity Shares
Fresh Issue	Approx 24.30 Cr 26,70,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	02 Jun 2026
Listing At	BSE
Total Subscription Amount	₹25.76 Cr

Investor Category

Shares Offered

% Net Issue

QIB

TBA

0.00%

- QIB (Ex. Anchor)

54,000

0.00%

NII

12,40,800

0.00%

- bNII > ₹10L

8,26,800

0.00%

- sNII < ₹10L

4,14,000

0.00%

Retail

12,40,800

0.00%

Share Holders

TBA

0.00%

Market Maker

1,34,400

0.00%

Total

26,70,000

0.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

2,400

₹2,18,400

Individual investors (Retail) (Max)

2,400

₹2,18,400

S-HNI (Min)

3,600

₹3,27,600

S-HNI (Max)

10,800

₹9,82,800

B-HNI (Min)

12,000

₹10,92,000

About Company

The company has established a manufacturing facility in Surat, Gujarat, covering 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli.

It also exports its products to Bahrain, Singapore, and Thailand, while catering to major domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.

Contact Details

Harikanta Overseas Ltd.

28, Sairam Ind Estate, Bamroli

Surat, Gujarat, 394107

+919898682560

info@harikantaoverseas.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

02-Jun-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

01-Jun-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

30-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

29-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

28-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

27-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

26-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

25-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

23-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

22-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

21-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

20-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

19-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

18-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

17-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

16-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

15-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

14-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

13-May-2026 03:00 PM

+₹0

₹91

+0.00%

₹0

Harikanta Overseas IPO Details

About Harikanta Overseas IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Harikanta Overseas IPO open and close?

What is Harikanta Overseas IPO price band?

What is the Harikanta Overseas IPO lot size?

What is the Harikanta Overseas IPO allotment date?

What is the Harikanta Overseas IPO listing date?

What is the minimum investment required in Harikanta Overseas IPO?

Join the discussion

Harikanta Overseas IPO Details

About Harikanta Overseas IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Harikanta Overseas IPO open and close?

What is Harikanta Overseas IPO price band?

What is the Harikanta Overseas IPO lot size?

What is the Harikanta Overseas IPO allotment date?

What is the Harikanta Overseas IPO listing date?

What is the minimum investment required in Harikanta Overseas IPO?

Join the discussion