Harikanta Overseas IPO Subscription Status Day-1: Live Bidding

Harikanta Overseas IPO subscription status opened on Wednesday, May 20, 2026 and will close on May 22, 2026. The company plans to raise around ₹25.63 crores through the IPO. The issue allocation is divided into 35% for retail investors, 50% for QIBs, and 15% for NIIs. The IPO price band has been fixed at ₹91 to ₹96 per equity share.

The minimum market lot for the Harikanta Overseas IPO is 2,400 shares with an application amount of ₹2,30,400. Harikanta Overseas IPO is an SME IPO and is proposed to be listed on the BSE SME platform.

Harikanta Overseas IPO Subscription Status – Day 1

Company Overview

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.