The Harikanta Overseas IPO is an issue worth ₹25.63 crore, made up of 26,70,000 Fresh Equity Shares.
The subscription period for the Harikanta Overseas IPO will run from 20 May 2026 to 22 May 2026. The company will decide the share allotment on 25 May 2026. Harikanta Overseas is expected to list its shares on the BSE SME platform on 27 May 2026, subject to approvals.
The price of the Harikanta Overseas IPO has been set at ₹91/share to ₹96/share. The investors applying for the Harikanta Overseas IPO have to buy at least 1,200 shares. At the upper end of the price band, retail investors will need a minimum investment of ₹2,30,400 for 2 lots comprising 2,400 shares.
The HNIs must apply for at least 3,600 shares of the Harikanta Overseas IPO, which will cost them ₹3,45,600.
Details of the Harikanta Overseas IPO
Here is an overview of the Harikanta Overseas IPO, along with key figures:
| IPO Open | 20 May 2026 |
| IPO Close | 22 May 2026 |
| Face value | ₹10/share |
| Price Band | ₹91/share to ₹96/share |
| Issue price | – |
| IPO Lot Size | 1,200 shares |
| Offer-for-sale | – |
| Fresh issue | 26,70,000 Equity Shares (₹25.63 crore) |
| Issue Type | Book-built/SME IPO |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹25.63 crore (26,70,000 Equity Shares) |
| Minimum Investment (Retail) | ₹2,30,400 (2 lots) |
Timeline of the Harikanta Overseas IPO
Below is the complete timeline of the IPO process, including bidding dates, allotment status, and listing schedule:
| Bid Open Date | 20 May 2026 |
| Bid Close Date | 22 May 2026 |
| Allotment | 25 May 2026 |
| Refunds Initiated | 26 May 2026 |
| Share Credit Date | 26 May 2026 |
| Listing | 27 May 2026 |
| UPI mandate Cut-off time | 22 May 2026 (05:00 PM) |
Harikanta Overseas Limited Financial Highlights
The table below presents the major financial ratios and performance indicators of the company, offering an overview of its operational efficiency, profitability, and overall financial position.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 56.72 | 52.64 | 32.32 |
| ROCE (%) | 37.56 | 35.11 | 19.03 |
| Debt-Equity Ratio (in times) | 0.24 | 0.75 | 1.16 |
| RoNW (%) | 32.41 | 41.67 | 22 |
| PAT Margin (%) | 12.7 | 7.38 | 1.69 |
| EBITDA Margin (%) | 18.92 | 11.29 | 3.23 |
| Price-Book Value | 5.01 | – | – |
Harikanta Overseas Ltd–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 3,517.30 | 1,111.22 | 1,490.27 |
| Assets | 2,311.94 | 660.50 | 498.66 |
| Profit After Tax | 446.80 | 81.98 | 25.25 |
(Amount in ₹ lakh)
Harikanta Overseas IPO–Subscription Status
Subscription Data Unavailable!
| Date | QIB (Ex Anchor) | NII* | Individual Investors | Total |
|---|---|---|---|---|
| May 20 (Day 1) | 1.00 | 0.00 | 0.03 | 0.04 |
Please note that IPO applications can be submitted between 10:00 AM and 5:00 PM on all subscription days.
Harikanta Overseas IPO–Grey Premium Market (GMP)
The GMP of the Harikanta Overseas IPO stands at ₹0 as of 19 May 2026, 2:31 PM. Considering the upper price band (₹96) of the IPO, the expected listing price is estimated at ₹96/share, reflecting a neutral listing outlook with no anticipated listing gains at present.
The GMP is updated daily. Based on GMP activity recorded over the last seven trading sessions, the IPO has shown a flat trend with no major movement in the unofficial market. If the current momentum continues, the IPO could show a similar GMP pattern ahead of listing.
Check this section for the latest GMP updates, daily grey market trends, and expected listing estimates for the IPO.
| GMP Date | GMP | Est. Listing Price | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 20-05-2026 Open | ₹0 ─ | ₹96 (0.00%) | ₹0 | 20-May-2026 12:59 |
| 19-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 19-May-2026 23:29 |
| 18-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 18-May-2026 23:37 |
| 17-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 17-May-2026 23:32 |
| 16-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 16-May-2026 23:31 |
| 15-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 15-May-2026 23:37 |
| 14-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 14-May-2026 23:31 |
| 13-05-2026 | ₹0 ─ | ₹96 (0.00%) | ₹0 | 13-May-2026 23:35 |
Note: GMP trends are unofficial in nature and may change depending on market mood, bidding activity, and demand for the IPO.
Harikanta Overseas IPO–Reservation
The table below presents the allocation of shares reserved for different investor categories in the IPO:
| Investor Category | Shares Offered | % of Shares Offered |
| Market Maker | 1,34,400 | 5.03% |
| QIBs | 54,000 | 2.02% |
| NIIs | 12,40,800 | 46.47% |
| Individual Investor | 12,40,800 | 46.47% |
| Total | 49,84,000 | 100% |
Harikanta Overseas IPO–Lot Size
Here are the investor-wise bidding requirements and minimum capital needed to apply for the IPO.
| Application | Lot Size | Shares | Amount |
| Individual Investors Minimum Application | 2 | 2,400 | ₹2,30,400 |
| Individual Investors Maximum Application | 2 | 2,400 | ₹2,30,400 |
| S-HNI Minimum Application | 3 | 3,600 | ₹3,45,600 |
| S-HNI Maximum Application | 8 | 9,600 | ₹9,21,600 |
| B-HNI Minimum Application | 9 | 10,800 | ₹10,36,800 |
Harikanta Overseas IPO–Anchor Investors Details
The Harikanta Overseas IPO does not feature a separate anchor investor participation segment.
Harikanta Overseas IPO–Prospectus
Below are the offer documents filed by the company for investor reference and detailed IPO information.
About Harikanta Overseas Limited
Established on 22 October 2018, the company operates in the synthetic fabric manufacturing industry.
The company produces different types of textile fabrics, including poly linen, Ikat, and natural fibre-based fabrics. Its products are primarily used in women’s ethnic wear, with selected fabric offerings for men’s kurtas.
The company operates a manufacturing unit in Surat, Gujarat, located at Sai Ram Industrial Estate-2, Bamroli. Besides serving the domestic market, Harikanta Overseas also supplies textile products to international destinations, such as Bahrain, Singapore, and Thailand.
| Name | |
| Book Running Lead Managers (BRLM) | Interactive Financial Services Ltd. |
| IPO Registrar | Big Share Service Private Ltd. |
Objectives of Harikanta Overseas
The net proceeds from the IPO are planned to be allocated towards the following key areas.
| Details | Amount (in ₹ lakhs) |
| Investment towards factory infrastructure | 540.35 |
| Capital investment in plant and equipment | 932.50 |
| Working Capital | 475.00 |
| Corporate requirements | – |
Harikanta Overseas Limited–Strengths
- Diverse fabric portfolio: The company offers multiple textile fabric categories catering to ethnic wear and overall apparel applications.
- Strong export presence: The company operates internationally across several countries, supporting revenue diversification and wider market reach.
- Efficient manufacturing operations: The streamlined production processes of the company help maintain product quality, operational efficiency, and timely deliveries.
- Customisation capability: The flexible manufacturing systems of the company allow tailored fabric solutions for varied customer requirements and order sizes.
Harikanta Overseas Limited–Risks
- Pending machinery orders: The delays in machinery procurement by the company could increase project costs and affect expansion timelines.
- Raw material dependency: The company depends heavily on yarn prices and supplier availability for smooth operations.
- High energy consumption: The rising power costs or supply disruptions of the company may impact manufacturing efficiency and profitability.
- Competitive business environment: The competition from textile industry players could affect market share and business performance.
Harikanta Overseas IPO–Review
Harikanta Overseas Ltd has reported a strong financial growth in FY25, with significant improvement in revenue, profitability, and return ratios. The company also benefits from a diversified textile portfolio, export presence, and flexible manufacturing operations.
However, the IPO currently shows a flat GMP trend, indicating muted grey market sentiment ahead of listing. Additionally, its dependence
The IPO may suit investors with a higher risk appetite, looking at SME segment opportunities and long-term business expansion potential.
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Harikanta Overseas IPO FAQs
Harikanta Overseas IPO is a ₹25.63 crore SME IPO consisting entirely of a fresh issue of 26.70 lakh equity shares. The IPO is priced in the range of ₹91 to ₹96 per share and will be listed on the BSE SME platform.
The Harikanta Overseas IPO can be applied through ASBA-supported bank accounts or UPI-enabled stockbroking platforms during the subscription period. Investors need to place bids within the specified lot size and price band.
The Harikanta Overseas IPO reflects strong recent financial growth, improving profitability margins, and a growing export business. However, the flat GMP trend and operational risks linked to raw materials and expansion plans suggest investors should evaluate the issue carefully.
Based on the latest GMP of ₹0, the estimated listing price is around ₹96 per share, indicating no expected listing gain at present. However, actual listing performance may vary depending on market sentiment and subscription demand.
Harikanta Overseas IPO will open for subscription on 20 May 2026 and close on 22 May 2026. Investors can place bids during market hours throughout the subscription period.
The Harikanta Overseas IPO lot size is 1,200 shares. The retail investors are required to apply for at least 2 lots or 2,400 shares, amounting to ₹2,30,400 at the upper price band.
The Harikanta Overseas IPO allotment is expected to be finalised on 25 May 2026. Investors can check allotment status through the registrar’s website after the allocation process is completed.
The Harikanta Overseas IPO shares are expected to be listed on the BSE SME platform on 27 May 2026, subject to completion of allotment and other post-issue formalities.
