The UHM Vacation IPO is scheduled to open for subscription on June 4, 2026, and…
Harikanta Overseas IPO Date, Review, Price, Allotment Details
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.
Harikanta Overseas IPO Details
| IPO Open Date | May 20, 2026 |
| IPO Close Date | May 22, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹91 to ₹96 Per Share |
| Issue Size | Approx ₹25.63 Crores, 26,75,000 Equity Shares |
| Fresh Issue | Approx ₹25.63 Crores, 26,75,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
Harikanta Overseas IPO Dates
| IPO Open Date: | May 20, 2026 |
| IPO Close Date: | May 22, 2026 |
| Basis of Allotment: | May 25, 2026 |
| Refunds: | May 26, 2026 |
| Credit to Demat Account: | May 26, 2026 |
| IPO Listing Date: | May 27, 2026 |
| IPO Bidding Cut-off Time: | May 22, 2026 – 5 PM |
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.
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