Harikanta Overseas SME IPO
Harikanta Overseas IPO — date, price band, lot size & details 2026
Harikanta Overseas listed on 2 Jun 2026 at ₹79.75, 16.9% below the ₹96 issue price.
Founded in 2012, Harikanta Overseas is engaged in the trading and export of textile products and garments across domestic and international markets. The company mainly focuses on sourcing, manufacturing, and supplying quality fabrics, apparel, and related products to wholesalers and retailers. It has built its presence in key textile hubs of India while also serving overseas customers through an export-oriented business model supported by long-term client relationships and industry experience.
Stock price
Harikanta Overseas is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 3 October.
- Open 20 May 2026
- Close 22 May 2026
- Allotment 25 May 2026
- Refund/credit 26 May 2026
- Listing 02 Jun 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 May, 2026 |
|---|---|
| Price Band | ₹91 – ₹96 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹26 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,30,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹96 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,30,400 |
| Retail (max) | 2 | 2,400 | ₹2,30,400 |
| HNI (min) | 3 | 3,600 | ₹3,45,600 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong experience of the Gotawala family in the textile manufacturing business.
- 02Diversified fabric portfolio including Ikat, saree, polyester, and poly linen fabrics.
- 03Presence in both domestic and international markets like Thailand, Bahrain, and Cambodia.
- 04Modern manufacturing setup with Rapier Jacquard machines and ISO certifications.
- 05Growing focus on direct exports and capacity expansion through Harikanta Weaving acquisition.
Risks · 5
- 01Heavy dependence on synthetic yarn and petrochemical-based raw materials.
- 02Large revenue concentration from limited geographies, especially Cambodia and Gujarat.
- 03Business operations depend on a single manufacturing facility in Surat.
- 04Textile business is exposed to seasonal demand and fashion trend changes.
- 05SME-listed stocks may face lower liquidity and higher price volatility after listing.
The numbers
All figures in ₹ crore, as reported in the Harikanta Overseas offer document.
| Metric | 30 Nov 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 32.51 | 23.12 |
| 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Harikanta Overseas RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Harikanta Overseas IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.73 |
| P/E Ratio (x) | 11.77 |
| Market Cap at Offer Price (₹ Cr) | ₹63.21 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹96 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹19.48 Cr of the issue is earmarked to named objects.
About the company
The business model of Harikanta Overseas is mainly based on sourcing, manufacturing, and supplying textile products to wholesalers, retailers, exporters, and institutional buyers. The company offers products such as fabrics, garments, and textile-based solutions while maintaining emphasis on timely delivery and competitive pricing. The promoters of the company have experience in the textile and trading sector, helping the business maintain operational efficiency and customer retention across different markets.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+919898682560
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Interactive Financial Services Ltd.
4 issues handled (1 mainboard, 3 SME)Best listing: Aritas Vinyl (0.0%). Weakest: Shree Ram Twistex (-34.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Harikanta Overseas?
The current Grey Market Premium is ₹0.
What is the Harikanta Overseas IPO price band?
₹91 to ₹96, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 May 2026, with listing on 2 June 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
