Harikanta Overseas Limited
Bookbuilding IPO · BSE
- Price band
- ₹86 - ₹91
- Lot size
- 1,200 shares
- Issue amount
- ₹24.29 cr
- Total subscription
- 1.17×
- Opens
- 20 May 2026
- Closes
- 27 May 2026
- Allotment
- 29 May 2026
- Listing
- 2 Jun 2026
Offer at a glance
Issue overview
- Issue size
- 26,70,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,03,200
- Fresh issue
- ₹24.29 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,09,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 71,95,740
- Shares after issue
- 98,65,740
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,18,400 |
| sHNI | 3 | 3,600 | ₹3,27,600 |
| bHNI | 10 | 12,000 | ₹10,92,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 May 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 4 |
| NIB | 0 | 45 |
| RETAIL | 517 | 340 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 230 | 16 |
| HNIs (2-10L) | 115 | 29 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.49 | 10.48 |
| FIIs | 0 | 9.99 |
| Others | 0 | 0.49 |
| RETAIL | 11.29 | 7.43 |
| NIB | 11.29 | 9.07 |
| HNIs 2+ | 3.77 | 1.06 |
| HNIs 10+ | 7.52 | 8.02 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-25 | Mar-25 |
|---|---|---|
| EPS | 6.21 | 7.73 |
| ROE | 31.15 | 56.72 |
| ROCE | 31.99 | 37.56 |
| RONW | 27.1 | 32.41 |
| PRE IPO(PE) | 15.46 | 0 |
| POST IPO(PE) | 0 | 12.42 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Harikanta Overseas Limited | 0 | 0 | 10.00 | 19.13 | 33.00 | 9.84 |
| Betex India Limited | 28.01 | 365.00 | 10.00 | 227.34 | 5.73 | 13.03 |
| Swasti Vinayaka Synthetics | 12.78 | 3.45 | 1.00 | 2.55 | 10.54 | 0.27 |
Company information
Company profile
Harikanta Overseas, incorporated in 2018, is a Surat-based textile manufacturer engaged in producing synthetic and blended fabrics used primarily in women’s ethnic wear such as sarees, dress materials, and kurtas, along with select fabrics for men’s kurtas. Its product portfolio includes Ikat fabrics, polyester garment fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company operates a manufacturing facility in Surat, Gujarat, and serves both domestic and international markets, exporting to countries like Bahrain, Singapore, and Thailand while maintaining a strong presence across several Indian states. With a focused product range and growing market reach, Harikanta Overseas continues to strengthen its position in the textile and fabric manufacturing segment.
Strengths
- Quality-Focused Products: Consistent product quality helps build customer trust and repeat business.
- Efficient Production Process: Integrated manufacturing operations improve efficiency, timely delivery, and cost management.
- Customization & Flexibility: Ability to provide customized textile solutions helps meet changing customer preferences and fashion trends.
Risk factors
- Project Execution Risk: Delays in machinery procurement or installation for expansion projects may increase costs and affect timelines.
- Raw Material Dependency Risk: Fluctuations in yarn prices or supply disruptions may impact margins, profitability, and operations.
- Energy-Intensive Operations Risk: Dependence on uninterrupted power supply and rising energy costs may affect efficiency and financial performance.
Promoters
Hardik Gotawala
Abhishek Gotawala
Nilesh Gotawala
Registrar & documents
Lead manager
Interactive Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
28, Sairam Ind Estate Bamroli Surat, Gujarat, 394107
+919898682560
[email protected]Company website ↗Understanding HARIKANTA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.