📋 Harikanta Overseas Ltd IPO 2026 — Date, Price Band, GMP & Allotment
Harikanta Overseas Ltd IPO is a BSE SME book-built issue opening on 20 May 2026 and closing on 22 May 2026. The company is raising ₹25.63 Crore entirely through a fresh issue at a price band of ₹91–₹96 per share. The Harikanta Overseas IPO allotment is scheduled for 25 May 2026 and shares are expected to list on BSE SME on 27 May 2026. Check all 2026 IPOs on IPOView.
🏢 About Harikanta Overseas Ltd — Company Overview
Incorporated in 2018 and headquartered in Surat, Gujarat, Harikanta Overseas Ltd is engaged in the manufacturing of synthetic textile fabrics — one of India's most established and export-oriented industrial sectors. The company offers a diverse product portfolio comprising Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics — with a primary focus on women's wear including sarees, dress materials, and kurtas, and also catering to men's ethnic wear segments.
Harikanta Overseas operates a manufacturing facility spread across 953.93 square meters in Bamroli, Surat — one of India's premier synthetic textile manufacturing hubs. The company is promoted by Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala — bringing family-led textile manufacturing expertise to a public market listing. Financially, the company reported revenue of ₹35.50 Crore in FY25 with a profit of ₹4.47 Crore — demonstrating stable profitability in a competitive sector.
📊 Harikanta Overseas IPO Details at a Glance
🔹 Exchange: BSE SME
🔹 Issue Type: Book Built SME IPO (100% Fresh Issue)
🔹 Price Band: ₹91 – ₹96 per share
🔹 Face Value: ₹10 per share
🔹 Lot Size: 1,200 shares
🔹 Minimum Investment (Retail): ₹2,30,400 (2 lots = 2,400 shares at ₹96)
🔹 Issue Size: ₹25.63 Crore (100% Fresh Issue)
🔹 Lead Manager: Interactive Financial Services Ltd.
🔹 Registrar: Bigshare Services Pvt. Ltd.
🔹 Promoters: Hardik Gotawala, Abhishek Gotawala, Nilesh Gotawala
🔹 FY25 Revenue: ₹35.50 Crore
🔹 FY25 PAT: ₹4.47 Crore
🔹 QIB Quota: 50% | NII Quota: 15% | Retail Quota: 35%
🔹 GMP Today: Check live on IPOView
📅 Harikanta Overseas IPO Timeline — Important Dates
🗓️ IPO Open Date: 20 May 2026 (Wednesday)
🗓️ IPO Close Date: 22 May 2026 (Friday)
🗓️ Allotment Date: 25 May 2026 (Monday)
🗓️ Demat Credit / Refund: 26 May 2026 (Tuesday)
🗓️ Listing Date: 27 May 2026 (Wednesday) — BSE SME
📈 Harikanta Overseas IPO GMP Today
Check the latest Harikanta Overseas IPO GMP today live on IPOView for real-time grey market premium updates ahead of the 27 May 2026 listing. Track all 2026 IPO GMP on IPOView. GMP is unofficial and should not be the sole basis of your investment decision.
✅ Harikanta Overseas IPO — Strengths
✔️ 100% Fresh Issue — All Capital to Company: The entire ₹25.63 Crore raised flows directly to Harikanta Overseas — with no OFS component — ensuring IPO capital funds genuine business growth rather than promoter exits.
✔️ Surat — India's Synthetic Textile Capital: Harikanta Overseas operates from Surat — India's most important synthetic textile manufacturing hub — benefiting from deep supplier ecosystems, skilled labor availability, established logistics networks, and proximity to major domestic and export markets.
✔️ Diversified Product Portfolio: Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics across multiple textile categories reduce product concentration risk and allow Harikanta Overseas to serve diverse customer requirements across women's and men's ethnic wear segments.
✔️ Women's Ethnic Wear Growth Market: India's women's ethnic wear segment — particularly sarees, kurtas, and dress materials — continues to grow driven by fashion consciousness, festive demand, and the resurgence of traditional wear among younger consumers. Harikanta Overseas directly serves this growing demand.
✔️ Stable Profitability: Harikanta Overseas reported a PAT of ₹4.47 Crore on revenue of ₹35.50 Crore in FY25 — demonstrating stable earnings generation in what is often a thin-margin manufacturing sector.
⚠️ Harikanta Overseas IPO — Risks
❌ High Minimum Investment of ₹2,30,400: The minimum retail application of 2 lots at ₹2,30,400 is significantly above the typical SME IPO minimum — limiting the pool of retail investors who can participate and potentially reducing the retail oversubscription momentum that drives SME IPO GMP and listing performance.
❌ Intensely Competitive Textile Sector: India's synthetic textile manufacturing sector is highly fragmented and competitive — with Surat alone having thousands of fabric manufacturers competing on price and product differentiation. Harikanta Overseas must continuously invest in product development and client relationships to maintain its competitive position.
❌ Raw Material Price Volatility: Synthetic textile manufacturing is dependent on petrochemical-derived raw materials — particularly polyester yarns and synthetic fibers — whose prices are directly linked to global crude oil and polymer price cycles, creating input cost volatility that can compress margins on fixed-price customer orders.
❌ Small Revenue Scale of ₹35.50 Crore: Harikanta Overseas remains a relatively small manufacturer — making it more vulnerable to customer concentration risk, key personnel departures, and competitive disruption from larger, better-capitalized textile companies.
🎯 Should You Apply for Harikanta Overseas Ltd IPO?
Harikanta Overseas IPO is suited for investors who understand textile manufacturing businesses and believe in India's ethnic wear and synthetic fabric market growth. The 100% fresh issue, Surat location advantage, and stable profitability are genuine positives. However, the high minimum investment, competitive sector dynamics, and raw material price volatility require careful evaluation. Best suited for investors with a minimum 18 to 24 month holding horizon. Check all upcoming IPOs in 2026 on IPOView before deciding.
🔍 Conclusion
Track Harikanta Overseas IPO GMP, subscription status, allotment date and listing price on IPOView. Also check all upcoming 2026 IPOs on IPOView.