Harikanta Overseas IPO
Price band
₹86 – ₹91
Lot size
1200 shares
Min investment
₹1,09,200
Issue size
₹25.63 Cr
IPO schedule
| Open date | 20 May 2026 |
| Close date | 27 May 2026 |
| UPI mandate cut-off | 27 May 2026 |
| Allotment finalisation | 29 May 2026 |
| Refund initiation | 1 Jun 2026 |
| Shares credited to demat | 1 Jun 2026 |
| Listing date | 2 Jun 2026 |
| Mandate end date | 11 Jun 2026 |
| Anchor lock-in (50%) | 27 Jun 2026 |
| Anchor lock-in (remaining) | 26 Aug 2026 |
Issue size
Subscription status
Reserved and applied figures are in crore shares.
About Harikanta Overseas
Harikanta Overseas Limited is a textile manufacturing company engaged in the production of synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics. The company primarily supplies fabrics used in women’s wear, such as sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas. The business generates revenue through the manufacture and sale of fabrics in both domestic and international markets. Initially, the company marketed products through merchant exporters and later expanded into direct exports. Its export markets include Bahrain, Singapore, Thailand, and Cambodia, while domestically it serves markets across states such as Gujarat, Delhi, Karnataka, Maharashtra, Punjab, Rajasthan, and Uttar Pradesh. The company also undertakes job work through its subsidiary, Harikanta Weaving Private Limited, to support production and order execution.
Strengths
- Harikanta Overseas manufactures a wide range of synthetic textile fabrics, including Ikat, saree, and polyester fabrics.
- The company serves both domestic and international markets, including Bahrain, Singapore, Thailand, and Cambodia.
- Its promoters have multi-generational experience in the textile manufacturing business.
- The company has its own manufacturing facility in Surat, Gujarat, with multiple production units.
- Harikanta Weaving Private Limited supports the company through job work and production capacity expansion.
Risks
- The business depends heavily on the timely renewal of licenses, permits, and regulatory approvals.
- The company’s trademarks are currently registered in the name of a director, and the transfer is still pending.
- Promoters will continue to hold significant control after the issue, potentially influencing major decisions.
- The company has related-party transactions with promoter-linked entities and firms.
- The textile business depends on raw material costs and operational efficiency, which can affect profitability.
Use of proceeds
| Capital expenditure | ₹5.4 (21.07%) Cr |
| Working capital | ₹4.75 (18.53%) Cr |
| General corporate purposes | ₹6.15 (24%) Cr |
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.