Harikanta Overseas Limited SME IPO: Price, GMP, Dates & Review

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Harikanta Overseas Limited SME IPO
HO
Harikanta Overseas Limited IPO
Synthetic Textile Fabrics · Women’s Wear Segments · Surat Plant · Global Exports
📋 SME IPO Fresh Issue BSE SME
₹96
Upper Price
₹25.63 Cr
Issue Size
May 27, 2026
Listing Date
₹94.71 Cr
Market Cap
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 20 May 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 22 May 2026
Last day to bid — closes at 5:00 PM IST
📊
Monday, 25 May 2026
Allotment finalised by registrar
🔄
Tuesday, 26 May 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 27 May 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date20 May 2026 (Wed)
IPO Close Date22 May 2026 (Fri)
Listing Date27 May 2026 (Wed)
Face Value₹10 per share
Price Band₹91 to ₹96
Issue Price (Upper Band)₹96 per share
Issue TypeBook Build — Fresh Issue
Lot Size1,200 shares
Total Issue Size26,70,000 shares (₹25.63 Cr)
Fresh Issue26,70,000 shares (₹25.63 Cr)
Market Maker Shares1,34,400 shares
Pre-Issue Shares71,95,740
Post-Issue Shares98,65,740
Promoter Holding (Pre)96.87%
Lead ManagerInteractive Financial Services
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹96
Investor TypeLotsSharesAmount
Retail — Minimum & Maximum22,400₹2,30,400
S-HNI (sNII) — Min33,600₹3,45,600
S-HNI (sNII) — Max89,600₹9,21,600
B-HNI (bNII) — Min910,800₹10,36,800
⚠️ SME IPO Note: Minimum application for retail is 2 lots (2,400 shares = ₹2,30,400). Retail maximum limit is also 2 lots. Lot size is 1,200 shares; bids must be in multiples thereof.
👥 Investor Reservation
Total 26,70,000 shares
2.13%
QIB Portion
54,000 shares
48.94%
Retail (RII)
12,40,800 shares
48.94%
NII / HNI
12,40,800 shares
💡 Market Maker: Aftertrade Broking Pvt.Ltd. has been allocated 1,34,400 shares (5.03% of issue) to ensure liquidity post-listing.
📊 Live Subscription Status
Awaiting Bidding
Subscription data will be available once bidding begins on May 20, 2026. Check back for live updates from 10:00 AM IST.
📈 Company Financials
Restated · ₹ Crore
Metric30 Nov 202531 Mar 202531 Mar 202431 Mar 2023
Total Assets32.5123.126.614.99
Total Income26.2835.5011.2715.06
PAT5.094.470.820.25
EBITDA7.356.721.240.49
Net Worth18.7713.791.971.15
Total Borrowing2.873.261.471.34
Income Growth
FY 2023–24₹11.27 Cr
FY 2024–25₹35.50 Cr
H1 FY26 (Nov 2025)₹26.28 Cr
🎯 Key Performance Indicators
56.72%
ROE
FY 2024–25
37.56%
ROCE
FY 2024–25
12.70%
PAT Margin
FY 2024–25
0.24
Debt/Equity
FY 2024–25
31.15%
ROE (H1 FY26)
Nov 30, 2025
31.99%
ROCE (H1 FY26)
Nov 30, 2025
19.50%
PAT Margin
Nov 30, 2025
3.68x
Price/Book
Nov 30, 2025
⚖︀ Valuation & EPS
Pre-IPO EPS
₹6.21
FY25 earnings / pre-issue shares
P/E: 15.46x
Post-IPO EPS
₹7.73
Annualised H1 FY26 / post-issue shares
P/E: 12.42x
Price to Book Value
5.01x
At upper price band (FY25 book)
Market Cap (Post-IPO)
₹94.71 Cr
At issue price ₹96
ℹ️ Pre-IPO EPS (₹6.21) based on pre-issue shareholding (71,95,740) and FY25 earnings. Post-IPO EPS (₹7.73) based on post-issue shareholding (98,65,740) and annualised H1 FY26 earnings.
🎯 Objects of the Issue
Net proceeds utilisation
1
Capital Expenditure for Factory premises
₹5.40 Cr
2
Capital Expenditure for purchase of machineries
₹9.33 Cr
3
Working Capital Requirement
₹4.75 Cr
Total Net Proceeds Target ₹19.48 Cr
🏢 About Harikanta Overseas Limited
Est. 2018 · Surat, Gujarat · Synthetic Textile Fabrics

Harikanta Overseas Limited is engaged in the manufacturing of synthetic textile fabrics. Its product range includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supply fabrics for women’s wear such as sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas.

The company has set up a manufacturing unit in Surat, Gujarat, spread across 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli. The company also export products to Bahrain, Singapore, and Thailand, while serving key domestic markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.

Competitive Strengths
✅Quality Products with an efficient production process
📍Customization and flexibility across a diverse range of fabric products
📋Global Reach and export capability alongside deep domestic market penetration
Company Promoters
HG
Hardik Gotawala
Promoter, Harikanta Overseas Limited
AG
Abhishek Gotawala
Promoter, Harikanta Overseas Limited
📅 Key Dates
IPO Opens20 May 2026
IPO Closes22 May 2026
Allotment25 May 2026
Refund & Share Credit26 May 2026
Listing Day27 May 2026
Price Band₹91 – ₹96
Issue Price₹96 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,30,400 (2 lots)
Issue Size₹25.63 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 +91-22-6263 8200
[email protected]
Lead Manager
Interactive Financial Services Ltd.
Market Maker
Aftertrade Broking Pvt.Ltd.
📍 Registered Address
Harikanta Overseas Ltd.
28, Sairam Ind Estate Bamroli,
Surat, Gujarat — 394107
📞 +919898682560
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Harikanta Overseas IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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