Harikanta Overseas IPO
LISTEDSMEListing Performance
Listed
Issue Price
₹96
Listed On
02 Jun 2026
- Price Band
- ₹91 – ₹96
- Lot Size
- 1,200
- Lot Value
- ₹1,15,200
- Open Date
- 20 May20 May 2026
- Close Date
- 22 May22 May 2026
- Min Investment
- ₹1,15,200
About Harikanta Overseas
Manufactures textile fabrics including Indian wear, Ikat, polyester garment, saree, dhupion, poly linen, and natural fiber fabrics for domestic and international markets, operating on purchase orders from customers.
Use of IPO Proceeds
Total allocation: ₹19.48 Cr (excludes issue expenses)
Promoters
Hardik Gotawala
Promoter and Managing Director · age 33
Pre-issue: 32.29% · Post-issue: 23.55%
Abhishek Gotawala
Promoter and Whole Time Director · age 28
Pre-issue: 32.29% · Post-issue: 23.55%
Nilesh Gotawala
Promoter and Whole Time Director · age 51
Pre-issue: 32.29% · Post-issue: 23.55%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: BSE SME
Strengths (6)
- •Quality fabrics driving customer loyalty and market leadership
- •Efficient production processes ensuring timely delivery and profitability
- •Customization and flexible production serving diverse customer needs
- •Global reach with exports to Thailand, Bahrain, Singapore, Cambodia
- •Diverse product range including Ikat, polyester, saree fabrics
- •Surat location providing raw material access and logistics
Risk Factors (6)
- •No orders placed for capital expenditure; delays in equipment procurement may cause time and cost overruns.
- •Equity shares never publicly traded; active market may not develop; price volatility and resale risk exist.
- •Circuit breakers on stock exchange restrict daily price movements, limiting shareholder ability to sell at desired prices.
- •First public issue with no formal prior market; issue price may not reflect future market price.
- •Global economic and political factors beyond control adversely affect business, costs, and stock price.
- •Restrictions on listing and trading approval could delay equity share listing and restrict share disposal ability.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,15,200 |
| Retail (max) | 1 | 1,200 | ₹1,15,200 |
| S-HNI (min) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (min) | 9 | 10,800 | ₹10,36,800 |
Subscription Status
Subscription data will appear once bidding begins.
Allotment Statistics
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
20 May 2026 · Wed
Issue Closes
22 May 2026 · Fri
Bidding Cut-off (UPI Mandate)
22 May 2026 · 5:00 PM IST
Allotment
25 May 2026 · Mon
Listing
02 Jun 2026 · Tue
Issue Opens
20 May 2026 · Wed
Issue Closes
22 May 2026 · Fri
Bidding Cut-off (UPI Mandate)
22 May 2026 · 5:00 PM IST
Allotment
25 May 2026 · Mon
Listing
02 Jun 2026 · Tue
IPO Details
| Registrar | Bigshare Services Pvt.Ltd. |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹26.00 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Interactive Financial Services Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 35.17 | 4.47 | 6.69 | — | 32.41% |
| FY24 | 11.11 | 0.82 | — | — | — |
| FY23 | 14.9 | 0.25 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 15.06 | 11.27 | 35.5 |
| EBITDA | 0.49 | 1.27 | 6.72 |
| Net Worth | 1.15 | 1.97 | 13.79 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
14.3x
Price ÷ EPS
EPS (FY25)
₹7
Earnings per share
RoNW
32.41%
Return on net worth
ROCE
37.56%
as reported in filing
EBITDA margin
19.1%
EBITDA ÷ revenue
Price/NAV
5.01x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | 71,95,740 |
| Equity Shares (Post-Issue) | 98,65,740 |
Source: Harikanta Overseas offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
- Hardik Gotawala(Promoter)+32.29%
- Abhishek Gotawala(Promoter)+32.29%
- Nilesh Gotawala(Promoter)+32.29%
- Public+3.13%
Post-Issue
- Hardik Gotawala(Promoter)+23.55%
- Abhishek Gotawala(Promoter)+23.55%
- Nilesh Gotawala(Promoter)+23.55%
- Public—
Source: Harikanta Overseas offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+2.13%
- NII / HNI+15.00%
- Retail+48.87%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Harikanta Overseas offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Hardik Gotawala₹0.14 Cr p.a.
Managing Director
- Nilesh Gotawala₹0.14 Cr p.a.
Whole-time Director
- Abhishek Gotawala₹0.10 Cr p.a.
Whole-time Director
- Shreyansh Shah
Independent Director
Associate Member of ICAI, Information Systems Audit Assessment
Over 6 years of experience as Chartered Accountant since July 2019
- Sefali Sanghvi
Independent Director
Bachelor of Commerce, Company Secretary (CS), Bachelor of Laws (Special)
Over 6 years of experience in corporate secretarial and legal compliance matters
- Harshal Agrawal
Independent Director
Associate Member of ICSI
Over 11 years of experience in corporate secretarial and compliance matters
Key Managerial Personnel (2)
- Shafali Jain
Chief Financial Officer
Bachelor of Commerce (Special)
3 years with Kotak Mahindra Bank
- Swati Malu
Company Secretary and Compliance Officer
Bachelor of Commerce (Special – External), Associate Member of ICSI
12 years; worked at Mohit Industries Limited and Shiven Yarns Pvt. Ltd.
Source: Harikanta Overseas offer document (DRHP/RHP).
Industry & Market
Per Confederation of Indian Industry (CII), a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Harikanta Overseas Limited | — | 9.84 | 33 | 19.13 |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Bigshare Services Pvt.Ltd.→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Harikanta Overseas IPO opening?
The Harikanta Overseas IPO opens on 20 May 2026 and closes on 22 May 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Harikanta Overseas IPO?
The price band for the Harikanta Overseas IPO is ₹91 to ₹96. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Harikanta Overseas IPO?
The minimum lot size is 1200 shares with a minimum investment of ₹1,15,200. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Harikanta Overseas IPO today?
Grey Market Premium data for Harikanta Overseas is not available yet. It typically starts appearing a few days before the IPO opens.
When will the Harikanta Overseas IPO list on NSE and BSE?
The Harikanta Overseas IPO is expected to list on 02 Jun 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Harikanta Overseas IPO allotment status?
The registrar for this IPO is Bigshare Services Pvt.Ltd.. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Harikanta Overseas IPO a mainboard or SME issue?
Harikanta Overseas is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Harikanta Overseas IPO?
You can apply for the Harikanta Overseas IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
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