Allotment

Harikanta Overseas IPO will open for subscription on May 20, 2026, while the issue will conclude on May 22, 2026. The IPO is structured as a book-built issue through which the company plans to raise nearly ₹25.63 crores. The entire issue consists of a fresh issue worth ₹25.63 crores along with an offer for sale of equity shares having a face value of ₹10 each.
The price band for the Harikanta Overseas IPO has been fixed at ₹91 to ₹96 per share. The allocation structure reserves 50% for QIB investors, 35% for retail investors, and 15% for HNI investors. The IPO is proposed to be listed on the BSE on May 27, 2026, while the allotment process is expected to be finalized on May 25, 2026.
For the financial year 2025, the company posted revenue of ₹35.50 crores and recorded a profit of ₹4.47 crores. Based on the company’s financial performance, the IPO appears more suitable for investors looking at long-term investment opportunities.
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| IPO Date | 27 May |
| IPO Listing Date | 27 May |
| IPO Face Value | ₹10 Per Equity Share |
| IPO Price Range | ₹96.00 |
| IPO Issue Size | 26,75,000 Equity Shares |
| IPO Sale Type | Fresh capital cum OFS |
| Employee Discount | - |
| IPO Issue Type | Book build Issue |
| IPO Listing | BSE SME Platform |
| hare Holding Pre Issue | 71,95,740 |
| IPO Open Date | 20 May |
| IPO Close Date | 22 May |
| IPO Allotment (Tentative) | 25 May |
| Refunds | 26 May |
| Credit to Demat Account | 26 May |
| IPO Listing Date | 27 May |
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Retail Shares Offered | - |
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| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Harikanta Overseas Private Limited is a Surat-based textile manufacturing company established in 2018 by the Gotawala family, carrying forward a strong textile legacy built through Shree Jalaram Enterprise. The company specializes in premium fabric manufacturing and export solutions for both domestic and international markets. With a focus on innovation, quality production, and customer satisfaction, Harikanta Overseas has grown from a small setup into a recognized textile enterprise serving global fashion requirements.
The company is known for its expertise in fabrics such as Ikat, Poly Linen, and Dhupian, which are valued for their craftsmanship and design appeal. Harikanta Overseas exports its products to multiple countries and supplies fabrics to manufacturers associated with leading fashion brands like H&M, Zara, Lifestyle, Max, and Zudio. Led by experienced directors including Hardik Gotawala, Nilesh Gotawala, and Abhishek Gotawala, the company continues expanding its manufacturing capabilities with modern technology, in-house yarn processing, and strategic business development initiatives.
| Assets | 32.51 | 23.12 | - |
| Total Income | 26.28 | 35.5 | - |
| 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 | - |
| ROE | 56.72% |
| ROCE | 37.56% |
| Debt/Equity | 0.24 |
| RoNW | 32.41% |
| PAT Margin | -% |
| EBITDA Margin | 18.92% |
| Price to book value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | ₹9.33 |
| 2 | To meet out the expenses of Working Capital Requirement | ₹4.75 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Harikanta Overseas Ltd.
28, Sairam Ind Estate, Bamroli
Surat, Gujarat, 394107
Phone: +919898682560
Email: info@harikantaoverseas.com
Website: http://www.harikantaoverseas.com/
Bigshare Services Pvt. Ltd
Phone: 022-62638200
E-mail: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/ipo_allotment.html