Harikanta Overseas SME IPO Details 2026
All About Harikanta Overseas:
The Harikanta Overseas size is ₹25.63 crore, including a fresh issue of ₹25.63 crore and an offer for sale of – crore. It is a Book Build issue. The IPO issue opens on May 20, 2026 and closes on May 26, 2026. The share allotment is expected on May 29, 2026, and the listing date is June 2, 2026. Harikanta Overseas Limited is based in Surat, Gujarat and operates in the Textiles sector. It filed its DRHP on September 29, 2025, and will list its shares on the BSE SME. Bigshare Services Pvt.Ltd. is the registrar, while Interactive Financial Services Ltd. serves as the merchant banker for the offer.
IPO Highlights
IPO Reservation and Lot Size
The company has reserved shares for various investor categories. The retail shares reservation is not less than 35% ( – shares), and QIB has not more than 50% ( – ). NII reservation is not less than 15% ( – ). Further, the minimum lot size is 1,200 shares. The anchor investor reservation is – and the market maker reservation is 1,34,400 shares (agg. up to ₹1 Cr).
IPO Issue Structure
QIB | 54,000 (2.13%) |
| Anchor Investor | |
| QIB (Ex. Anchor) | |
NII (HNI) | 12,40,800 (48.94%) |
| bNII > ₹10L | 8,26,800 |
| sNII < ₹10L | 4,14,000 |
Retail | 12,40,800 (48.94%) |
Market Maker | 1,34,400 |
Total | 26,70,000 |
On September 29, 2025 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.
IPO GMP
The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.
Financial Performance (₹ in Cr)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Income | 35.17 | 11 | 14.9 |
| Profit After Tax | 4.46 | 0.12 | 0.25 |
| EBITDA | 6.71 | 1.24 | 0.48 |
| Net Worth | 13.78 | 1.96 | 1.14 |
| Assets | 23.11 | 6.6 | 4.98 |
| Total Debt | 3.34 | 1.47 | 1.14 |
| PAT | 4.46 | 0.12 | 0.25 |
Key Performance Indicator
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| EBITDA Margin (%) | 19.08 | 11.27 | 3.22 |
| PAT Margin (%) | 12.68 | 1.09 | 1.68 |
| EPS (₹) | 6.69 | 1.27 | 0.4 |
| ROE (%) | 32.37 | 6.12 | 21.93 |
| ROCE (%) | 37.56 | 35.11 | 19.03 |
| ROA (%) | 19.3 | 1.82 | 5.02 |
| Debt to Equity (x) | 0.24 | 0.75 | 1.17 |
To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus.
Harikanta Overseas SME IPO Review:
You must assess the company’s financial position before deciding on investments. You can read our full review article here.
Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.
IPO Financial Snapshot
✅Strengths
⚠️Weaknesses
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Harikanta Overseas Ltd. Company Details
Harikanta Overseas Limited started its business in 2018. The company operates in the Textile sector. It manufactures synthetic textile fabrics for the domestic and international market. The team provides textile manufacturing and export services to clients. Its main office is in Surat. The firm employs 42 workers in various departments. Its leadership team has 8 years of industry experience. The company holds several quality certificates for its operations, specifically ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health and Safety Management System). The company mainly supplies fabrics for women’s wear, like sarees and kurtas. The product list also includes fabrics for men’s kurtas.
Main Offerings:
Key Strength:
Company Address: 28, Sairam Ind Estate Bamroli, Surat, Gujarat, 394107
You can contact the company via call or email.
+91 9898682560| info@harikantaoverseas.com
Intermediaries & Key Contacts
Frequently Asked Questions
It is a BSE SME IPO with a fresh issue of ₹25.63 crores. The company manufactures various synthetic textile fabrics and operates in the textile industry.
You can apply using the ASBA facility in your net banking account. Most brokers also offer UPI-based applications on their mobile apps.
The share allotment is expected on May 25, 2026. You can check the status on the registrar’s website, Bigshare Services Pvt.Ltd., after this date.
The shares will list on the BSE SME platform on May 27, 2026. Trading usually begins at 9:15 AM.
The minimum lot size is 1,200 shares. A retail investor needs to invest at least ₹1,15,200 for one lot at the upper price band of ₹96.
Bigshare Services Pvt.Ltd. is the official registrar for this public offer. They manage the application processing and share allotment.
An HNI (Non-Institutional Investor) must apply for a minimum of 3 lots or 3,600 shares, amounting to ₹3,45,600 at the upper price band.
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