Harikanta Overseas IPO
Harikanta Overseas IPO
Overview
Harikanta Overseas IPO is a book build issue of ₹25.63 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹25.63 crore. Harikanta Overseas IPO opens for subscription on May 20, 2026 and closes on May 22, 2026. The allotment for the Harikanta Overseas IPO is expected to be finalized on May 25, 2026. Harikanta Overseas IPO will list on the BSE SME with a tentative listing date fixed as May 27, 2026. Harikanta Overseas IPO is set issue price band at ₹91 to ₹96 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,45,600. 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.
Issue Size
₹26,70,000
Issue Price
₹26 Cr
Price Band
₹91 – ₹96
Lot Size
1200 shares
Min. Investment
₹1,09,200
Max. Investment
₹1,15,200
Open Date
20 May, 2026
Close Date
22 May, 2026
Allotment
25 May, 2026
Listing
27 May, 2026
Max. Investment
₹1,15,200
Announced
20 May, 2026
Opening Date
20 May, 2026
Closing Date
22 May, 2026
Basis of Allotment
25 May, 2026
Initiation of Refunds
26 May, 2026
Credit of Shares
26 May, 2026
Listing Date
27 May, 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 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10800 | ₹10,36,800 |
(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 GMP
Harikanta Overseas SME IPO last GMP is ₹0, last updated May 15th 2026 10:30 AM. With the price band of 96.00, Harikanta Overseas SME IPO's estimated listing price is ₹96 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 15 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 15 May, 2026 | 96 | ₹0 | - | - | - | 15 May, 2026 |
| 14 May, 2026 | 96 | ₹0 | - | - | - | 14 May, 2026 |
| 13 May, 2026 | 96 | ₹0 | - | - | - | 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.