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Harikanta Overseas IPO
Price Band
₹86.0–91.0
Issue Size
₹24.3 Cr
Lot Size
1,200 shares
Min Investment
₹218,400
2 LOTS MIN
GMP
—
Issue Price
₹91.0
Harikanta Overseas IPO AI Summary
- Harikanta Overseas IPO is listed on BSE SME in the Other Textile Products sector.
- Price band: ₹86.0–₹91.0 per share, lot size 1,200 shares (min. investment ₹218,400, 2 lots minimum).
- Subscription window: 20 May–27 May 2026, listing on 02 Jun 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Harikanta Overseas IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 August 31, 2025, the company has 42 permanent employees. Competitive Strengths Quality Products Efficient production process Customization and flexibility Global Reach and Export Capability Range of Products
Company Financials (₹ Cr)
As of 2025-11-30
| 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 |
Key Ratios
EPS
₹6.21
NAV
₹19.16
ROE
56.72%
ROCE
37.56%
RoNW
32.41%
P/B Value
4.75
P/E Ratio
14.66
Market Cap
₹89.78 Cr
PAT Margin
12.70%
Debt/Equity
0.24
Promoters
Hardik Gotawala, Abhishek Gotawala and Nilesh Gotawala
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹35.50 Cr in the period ending 31 Mar 2025, declining to ₹26.28 Cr by 30 Nov 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹4.47 Cr in the period ending 31 Mar 2025, increasing to ₹5.09 Cr by 30 Nov 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests a potential listing gain, while a negative or zero GMP may indicate a lack of demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions. It's important to consider the company's fundamentals, growth potential, and sector performance.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable returns might want to avoid IPOs like this, as they can be subject to significant price fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscriptions is May 20, 2026, and it closes on May 27, 2026. Allotment of shares will occur on May 29, 2026, with the listing date set for June 2, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Harikanta Overseas's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Harikanta Overseas IPO?
The price band of Harikanta Overseas IPO is ₹86.0–₹91.0 per share.
When does Harikanta Overseas IPO open and close?
Harikanta Overseas IPO opens on 20 May 2026 and closes on 27 May 2026.
When does Harikanta Overseas IPO list on the stock exchange?
Harikanta Overseas IPO listed on 02 June 2026 at ₹91.0.
What is the lot size for Harikanta Overseas IPO?
The lot size for Harikanta Overseas IPO is 1200 shares, requiring a minimum investment of ₹218,400 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹86.0 to ₹91.0.
What is the minimum investment required?
The minimum investment required is ₹218,400.
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
When is the listing date for the IPO?
The listing date for the IPO is June 2, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 May 2026
Close
27 May 2026
Allotment
29 May 2026
Listing
02 Jun 2026
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