Bookbuilding IPO | ₹24 Cr | Listed at BSE SME | Wed, May 20, 2026 - Wed, May 27, 2026
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 started from May 20, 2026 and ended on May 27, 2026. The allotment for Harikanta Overseas IPO was finalized on May 29, 2026. The shares got listed on the BSE SME on Jun 2, 2026.
Harikanta Overseas IPO is set final issue price at ₹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.
Refer to Harikanta Overseas IPO RHP for detailed Information.
IPO Open
Wed, May 20, 2026
IPO Close (Extended)
Wed, May 27, 2026
Issue Price
₹91 per share
Market Cap (Pre-IPO)
₹89.78 Cr
| IPO Date | 20 to 27 May, 2026 |
| IPO Close (Extended) | Wed, May 27, 2026 |
| Listed on | Tue, Jun 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹86 to ₹91 |
| Issue Price | ₹91 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,70,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,34,400 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,35,600 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 25,35,600 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 71,95,740 shares |
| Share Holding Post Issue | 98,65,740 shares |
| BSE Script Code / | 544769 / |
| ISIN | INE1UYW01010 |
Harikanta Overseas IPO comprises a total issue size of 26,70,000 shares. The net offer to the public is 25,35,600 shares, after excluding 1,34,400 shares allotted on a firm basis. Of the Net offer 54,000 (2.13%) are allocated to QIB, 12,40,800 (48.94%) allocated to NII 12,40,800 (48.94%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 54,000 | 2.13% | 2.02% |
| NII (HNI) Shares Offered | 12,40,800 | 48.94% | 46.47% |
| − bNII > ₹10L | 8,26,800 | 30.97% | |
| − sNII < ₹10L | 4,14,000 | 15.51% | |
| Retail Shares Offered | 12,40,800 | 48.94% | 46.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,34,400 | 5.03% | |
| Total Shares Offered | 26,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,18,400 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,18,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,27,600 |
| S-HNI (Max) | 9 | 10,800 | ₹9,82,800 |
| B-HNI (Min) | 10 | 12,000 | ₹10,92,000 |
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 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.
As on February 28, 2026, the company has 111 permanent employees.
Competitive Strengths
| Period Ended | 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 |
| Amount in ₹ Crore | ||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹39.50 (-1.74%) |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹10.95 (+1.86%) |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹92.25 (+1.32%) |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹59.59 (-0.68%) |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹29.00 (+0.00%) |
| Rachit Prints Ltd. | SME | ₹19.50 Cr | ₹149 | 11.85 | ₹113.25 | -23.99% | ₹200.00 (-2.44%) |
| Spunweb Nonwoven Ltd. | SME | ₹60.98 Cr | ₹96 | 15.79 | ₹158.55 | +65.16% | ₹108.60 (+5.59%) |
| Silky Overseas Ltd. | SME | ₹30.68 Cr | ₹161 | 12.98 | ₹162.45 | +0.90% | ₹107.90 (+2.76%) |
| Cedaar Textile Ltd. | SME | ₹60.90 Cr | ₹140 | 12.07 | ₹113.05 | -19.25% | ₹19.50 (-2.01%) |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹39.65 (+1.10%) |
| Borana Weaves Ltd. | Mainboard | ₹144.89 Cr | ₹216 | 18.26 | ₹255.15 | +18.13% | ₹316.80 (+3.10%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Factory Premises | 5.40 |
| 2 | Capital Expenditure for purchase of machineries | 9.33 |
| 3 | Working Capital Requirement | 4.75 |
| 4 | General Corporate Purposes | 1.31 |
| 5 | Issue expenses | 3.51 |
| Total | 24.30 |
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 31.15% | 56.72% |
| ROCE | 31.99% | 37.56% |
| Debt/Equity | 0.15 | 0.24 |
| RoNW | 27.10% | 32.41% |
| PAT Margin | 19.50% | 12.70% |
| EBITDA Margin | 27.97% | 18.92% |
| Price to Book Value | 3.68 | 4.75 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.21 | 7.73 |
| P/E (x) | 14.66 | 11.77 |
| Promoter Holding | 96.87% | 70.66% |
| Market Cap | ₹89.78 Cr. |
The Harikanta Overseas IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 1.07 | 25,35,600 | 27,01,200 | 374 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | |
| Assets | 6.61 | 4.99 | |
| Total Income | 11.27 | 15.06 | |
| Profit After Tax | 0.82 | 0.25 | |
| EBITDA | 1.24 | 0.49 | |
| NET Worth | 1.97 | 1.15 | |
| Reserves and Surplus | 1.47 | 0.65 | |
| Total Borrowing | 1.47 | 1.34 | |
| Amount in ₹ Crore | |||
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 3.10 |
| 2 | Brokerage, selling commission and Marketing | 0.05 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Market Making fees | 0.14 |
| 9 | Other (Auditor and peer review auditor fees, Depository charges , Bankers to the Issue fees , IPO-related travel, communication, and meeting costs ) | 0.05 |
| Total | 3.51 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹91.00 |
| Open | ₹79.75 |
| Low | ₹75.77 |
| High | ₹79.75 |
| Last Trade | ₹75.77 |
Lead Manager Reports
Harikanta Overseas IPO is a SME IPO of 26,70,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 1200.
The IPO opens on Wed, May 20, 2026, and closes on Wed, May 27, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Harikanta Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Harikanta Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Harikanta Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Harikanta Overseas IPO opens on Wed, May 20, 2026 and closes on Wed, May 27, 2026.
Harikanta Overseas IPO lot size is 1200, and the minimum amount required for application is ₹2,18,400, with 2 lots being the minimum application size.
You can apply in Harikanta Overseas IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Harikanta Overseas IPO will be done on Friday, May 29, 2026, and the allotted shares will be credited to your demat account by Mon, Jun 1, 2026. Check the Harikanta Overseas IPO allotment status.
The Harikanta Overseas IPO listing date is on Tue, Jun 2, 2026.
