Harikanta Overseas SME IPO Details
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.
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IPO Summary
What is the Harikanta Overseas IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 20 May, 2026 Wed | Wednesday |
| IPO Close Date | 22 May, 2026 Fri | Friday |
| Basis of Allotment | 25 May, 2026 Mon | Monday |
| Refunds Initiated | 26 May, 2026 Tue | Tuesday |
| Credit to Demat | 26 May, 2026 Tue | Tuesday |
| Listing Date | 27 May, 2026 Wed | Wednesday |
What is the Harikanta Overseas IPO Lot Size?
Bidding in multiples of 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,30,400 |
| Retail (Max) | 2 | 2400 | ₹2,30,400 |
| HNI (Min) | 3 | 3600 | ₹3,45,600 |
About Harikanta Overseas
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.
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Capital Expenditure for Factory premises | ₹5.40 Cr. |
| Capital Expenditure for purchase of machineries | ₹9.33 Cr. |
| Working Capital Requirement | ₹4.75 Cr. |
| General Corporate Purpose |
Strengths & Risks
Strengths
- ✓ Strong experience of the Gotawala family in the textile manufacturing business.
- ✓ Diversified fabric portfolio including Ikat, saree, polyester, and poly linen fabrics.
- ✓ Presence in both domestic and international markets like Thailand, Bahrain, and Cambodia.
- ✓ Modern manufacturing setup with Rapier Jacquard machines and ISO certifications.
- ✓ Growing focus on direct exports and capacity expansion through Harikanta Weaving acquisition.
Risks
- ⚠ Heavy dependence on synthetic yarn and petrochemical-based raw materials.
- ⚠ Large revenue concentration from limited geographies, especially Cambodia and Gujarat.
- ⚠ Business operations depend on a single manufacturing facility in Surat.
- ⚠ Textile business is exposed to seasonal demand and fashion trend changes.
- ⚠ SME-listed stocks may face lower liquidity and higher price volatility after listing.
Company Financials
Summary of financial performance including revenue, profit, and debt levels will be populated here.
Promoters and Shareholding Details
Promoter holding details will be updated as soon as they are officially announced.
Frequently Asked Questions
What is the GMP of Harikanta Overseas?
The current Grey Market Premium (GMP) of Harikanta Overseas is ₹ 0.
What is the Harikanta Overseas IPO Price Band?
The price band for Harikanta Overseas IPO is 96.
When is the Harikanta Overseas IPO Allotment?
The allotment date for Harikanta Overseas IPO is May 25, 2026.
How to check Harikanta Overseas IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Bigshare Services Pvt.Ltd.).
Registrar
Bigshare Services Pvt.Ltd.
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