Harikanta Overseas IPO open date is May 20, 2026 and the IPO will close on May 22, 2026. Harikanta Overseas IPO is a Book build Issue. The company to raise around ₹25.63 crores via IPO that comprises fresh issue of ₹25.63 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Harikanta Overseas IPO price band is ₹91 to ₹96 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Harikanta Overseas IPO to list on BSE on May 27, 2026. The allotment of Harikanta Overseas IPO date is May 25, 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 https://newipo.info/ipo-gmp
Harikanta Overseas IPO Details
| IPO Open Date | May 20, 2026 |
| IPO Close Date | May 22, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹91 to ₹96 Per Share |
| Issue Size | Approx ₹25.63 Crores, 26,75,000 Equity Shares |
| Fresh Issue | Approx ₹25.63 Crores, 26,75,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Harikanta Overseas IPO Market Lot
The Harikanta Overseas IPO minimum market lot is 2,400 shares with ₹2,30,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,30,400 |
| Retail Maximum | 2 | 2,400 | ₹2,30,400 |
| S-HNI Minimum | 3 | 3,600 | ₹3,45,600 |
| S-HNI Maximum | 8 | 9,600 | ₹9,21,600 |
| B-HNI Minimum | 9 | 10,800 | ₹10,36,800 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Harikanta Overseas IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Harikanta Overseas IPO Dates
The Harikanta Overseas IPO date is May 20 and the close date is May 22. The Harikanta Overseas IPO allotment will be finalized on May 25 and the IPO listing on May 27.
| IPO Open Date: | May 20, 2026 |
| IPO Close Date: | May 22, 2026 |
| Basis of Allotment: | May 25, 2026 |
| Refunds: | May 26, 2026 |
| Credit to Demat Account: | May 26, 2026 |
| IPO Listing Date: | May 27, 2026 |
| IPO Bidding Cut-off Time: | May 22, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 71,95,740 | 96.87% |
| Promoter Holding Post Issue | 98,70,740 | -% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Capital Expenditure for Factory premises | ₹5.40 |
| Capital Expenditure for purchase of machineries | ₹9.33 |
| Working Capital Requirement | ₹4.75 |
| General Corporate Purpose | ₹- |
About Harikanta Overseas IPO
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.
Harikanta Overseas IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2025 | ₹35.50 | ₹29.30 | ₹4.47 | ₹23.12 |
Harikanta Overseas IPO Valuation – FY2025
Check Harikanta Overseas IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 56.72% |
| ROCE: | 37.56% |
| EBITDA Margin: | 18.92% |
| PAT Margin: | -% |
| Debt to equity ratio: | 0.24 |
| Earning Per Share (EPS): | ₹6.69 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.41% |
| Net Asset Value (NAV): | ₹19.16 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Betex India Limited | 13.03 | 35.61 | 5.73% | 227.34 | 971.46 Cr. |
| Swasti Vinayaka Synthetics Limited | 0.27 | 19.44 | 10.54% | 2.55 | 385.58 Cr. |
IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd.
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Company Address
Harikanta Overseas Ltd.
28, Sairam Ind Estate, Bamroli
Surat, Gujarat, 394107
Phone: +919898682560
Email: info@harikantaoverseas.com
Website: http://www.harikantaoverseas.com/
IPO Registrar
Bigshare Services Pvt. Ltd
Phone: 022-62638200
E-mail: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/ipo_allotment.html