Harikanta Overseas IPO
Harikanta Overseas IPO
Overview
Harikanta Overseas IPO is a book build issue of ₹24.30 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹24.30 crore. Harikanta Overseas IPO bidding opened for subscription on May 20, 2026 and will close on May 27, 2026. The allotment for the Harikanta Overseas IPO is expected to be finalized on May 29, 2026. Harikanta Overseas IPO will list on the BSE SME with a tentative listing date fixed as Jun 2, 2026. Harikanta Overseas IPO is set issue price band at ₹86 to ₹91 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,09,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,27,600. Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd.
Total Shares
26,70,000
Issue Size
₹24 Cr
Price Band
₹86 – ₹91
Lot Size
1200 shares
Min. Investment
₹2,18,400
Max. Investment
₹2,18,400
Open Date
20 May, 2026
Close Date
27 May, 2026
Allotment
29 May, 2026
Listing
02 Jun, 2026
Max. Investment
₹2,18,400
Announced
20 May, 2026
Opening Date
20 May, 2026
Closing Date
27 May, 2026
Basis of Allotment
29 May, 2026
Initiation of Refunds
01 Jun, 2026
Credit of Shares
01 Jun, 2026
Listing Date
02 Jun, 2026
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About Harikanta Overseas IPO
Incorporated in 2018, Harikanta Overseas 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
Harikanta Overseas IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.1% increase in shares
Harikanta Overseas IPO Financial Health
Harikanta Overseas IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,18,400 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,18,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,27,600 |
| S-HNI (Max) | 9 | 10800 | ₹9,82,800 |
| B-HNI (Min) | 10 | 12000 | ₹10,92,000 |
(All values in CR)
Harikanta Overseas IPO Valuations
| Metric | Value |
|---|---|
| ROE | 31.15 |
| ROCE | 31.99 |
| Debt/Equity | 0.15 |
| RoNW | 27.10 |
| PAT Margin | 19.50 |
| EBITDA Margin | 27.97 |
| Price to Book Value | 3.68 |
(All values in CR)
Harikanta Overseas IPO Strength & Risk
Harikanta Overseas IPO Strengths
- Operates in the synthetic textile fabric manufacturing segment
- Product portfolio includes saree fabrics, Ikat fabrics, polyester fabrics, poly linen, and natural fiber fabrics
- Strong improvement in revenue and profitability in FY2025
- Healthy profitability ratios with strong ROE and ROCE figures
- Low debt-to-equity ratio indicates manageable leverage
- IPO proceeds aimed at factory expansion and machinery purchase
- Benefits from growing textile and apparel demand in India
- ISO-certified manufacturing operations improve credibility and quality standards
- Entire IPO is a fresh issue, which supports business growth instead of promoter exit
Harikanta Overseas IPO Risks
- SME IPOs carry high volatility and low liquidity risk
- Textile business is highly competitive with pricing pressure
- Business performance may fluctuate due to raw material cost changes
- Heavy dependence on fashion and apparel demand cycles
- Limited operating history as a listed public company
- Large minimum investment amount increases retail risk exposure
- SME stocks may face sharp price swings after listing
- Customer concentration and regional concentration risks may exist
- Grey market premium visibility is still limited/uncertain
- Small-scale business compared to larger listed textile peers
Harikanta Overseas IPO Subscriptions Status
Harikanta Overseas IPO subscribed 0.55 times. The public issue subscribed 0.36 times in the individual investors category, 11.18 times in QIB (Ex Anchor), and 0.27 times in the NII category by May 26, 2026 10:14:05 AM (Day 5).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 1,34,400 | 1,34,400 | 1.223 |
| QIB (Ex Anchor) | 11.18 | 54,000 | 6,03,600 | 5.493 |
| NII | 0.27 | 12,40,800 | 3,32,400 | 3.025 |
| bNII (> ₹10L) | 0.32 | 8,26,800 | 2,62,800 | 2.391 |
| sNII (< ₹10L) | 0.17 | 4,14,000 | 69,600 | 0.633 |
| Individual Investors | 0.36 | 12,40,800 | 4,46,400 | 4.062 |
| Total | 0.55 | 25,35,600 | 13,82,400 | 12.58 |
Harikanta Overseas IPO GMP
Harikanta Overseas SME IPO last GMP is ₹0, last updated May 26th 2026 09:30 AM. With the price band of 91.00, Harikanta Overseas SME IPO's estimated listing price is ₹91 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 26 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 26 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 26 May, 2026 |
| 25 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 25 May, 2026 |
| 24 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 24 May, 2026 |
| 23 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 23 May, 2026 |
| 22 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 22 May, 2026 |
| 21 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 21 May, 2026 |
| 20 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 20 May, 2026 |
| 19 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 19 May, 2026 |
| 18 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 18 May, 2026 |
| 17 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 17 May, 2026 |
| 16 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 16 May, 2026 |
| 15 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 15 May, 2026 |
| 14 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 14 May, 2026 |
| 13 May, 2026 | 96 | ₹0 | - | ₹96 (0.00%) | - | 13 May, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Harikanta Overseas IPO
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Find Harikanta Overseas IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.