Harikanta Overseas IPO
Bookbuilding IPO | ₹26.00 Cr | Listing at BSE SME
IPO Open
Wed, May 20, 2026
IPO Close
Fri, May 22, 2026
Price Band
₹91.00 to ₹96.00
Market Cap (Pre-IPO)
₹94.71 Cr
IPO Details
| IPO Date | May 20, 2026 to May 22, 2026 |
| Listing Date | Tentative: May 27, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹91.00 to ₹96.00 |
| Lot Size | 1200 Shares (Minimum: ₹115,200.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹26.00 Crores |
| Total Shares Offered | 2,670,000 shares |
| Fresh Issue | 2,535,600 shares |
| Offer For Sale | 2,670,000 shares |
Harikanta Overseas IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 54,000 |
| Retail Shares Offered | 12,40,800 |
| NII Shares Offered | 12,40,800 |
Harikanta Overseas IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹230,400 |
| Retail (Max) | 2 | 2,400 | ₹230,400 |
| S-HNI (Min) | 3 | 3,600 | ₹345,600 |
| S-HNI (Max) | 8 | 9,600 | ₹921,600 |
| B-HNI (Min) | 9 | 10,800 | ₹1,036,800 |
Harikanta Overseas Financial Information (Restated Consolidated)
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 56.72% |
| ROCE (Return on Capital Employed) | 37.56% |
| Debt/Equity | 0.24 |
| RoNW (Return on Net Worth) | 32.41% |
| PAT Margin (Profit After Tax Margin) | 12.70% |
| EBITDA Margin | 18.92% |
| Price to Book Value | 5.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.21 | 7.73 |
| P/E (x) | 15.46 | 12.42 |
| Promoter Holding | 96.87% | 70.66% |
Company Promoters
- Hardik Gotawala
- Abhishek Gotawala
- and Nilesh Gotawala are the company promoters.
Company Overview
Harikanta Overseas – Company Overview
- Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics for the apparel industry.
Core Segments
- Women’s Wear Fabrics: Saree fabrics, dress materials, kurta fabrics
- Specialty Fabrics: Ikat fabrics, dhupion fabrics, poly linen, and natural fiber fabrics
- Men’s Wear Fabrics: Fabrics for men’s kurtas
- The company primarily supplies fabrics for ethnic and fashion wear, catering to both domestic and international markets.
- Its manufacturing facility is located in Surat, Gujarat, covering around 953.93 sq. meters.
- The company exports products to countries like Bahrain, Singapore, and Thailand, while also serving major Indian markets such as Delhi, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Karnataka.
- The company focuses on quality textile production, design variety, and efficient fabric manufacturing.
- As of February 28, 2026, the company had 111 employees.
Company Strengths
- Quality Products
- Efficient production process
- Customization and flexibility
- Global Reach and Export Capability
- Range of Products
Use of Proceeds
| 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 Purpose |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Harikanta Overseas IPO Peer Comparison
Harikanta Overseas peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Harikanta Overseas Ltd. | 9.84 | - | 19.13 | - | 33.00 | - | - |
| Betex India Ltd. | 13.03 | - | 227.34 | 28.01 | 5.73 | 1.61 | - |
| Swasti Vinayaka Synthetics Ltd. | 0.27 | - | 2.55 | 12.78 | 10.54 | 1.50 | - |
Quick Info
| Sector | Textiles - Fabrics |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹94.71 Cr |
Important Dates
| IPO Open | May 20, 2026 |
| IPO Close | May 22, 2026 |
| Allotment Date | May 25, 2026 |
| Credit to Demat | May 26, 2026 |
| Listing Date | Tentative: May 27, 2026 |
Lead Manager(s)
Interactive Financial Services Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- IPO Type: Book build issue aggregating to ₹25.63 crores.
- Issue Structure: Entirely a fresh issue of 0.27 crore shares totaling ₹25.63 crores.
- IPO Dates: The issue opens on May 20, 2026 and closes on May 22, 2026.
- Allotment Date: Expected to be finalized on May 25, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of May 27, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,30,400 (at upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹3,45,600.
- IPO Price Band: ₹91 to ₹96 per equity share.
- Lot Size: 1,200 shares per lot.
This IPO offers investors an opportunity to participate in the trading and export-oriented business sector, subject to market risks.