SME
IPO ·
BSE SME
Harikanta Overseas Ltd
Listed
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics.
Issue details
Price band
₹86 – ₹91
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,18,400
Issue size
₹24.30 Cr
Fresh issue
₹23.07 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
20 May 2026
Closes
27 May 2026
UPI mandate cut-off
5:00 PM on 27 May 2026
Allotment
29 May 2026
Refunds
1 Jun 2026
Shares in demat
1 Jun 2026
Listing
2 Jun 2026
Subscription and listing
Subscription
1.07x
Listing price
₹79.75
Registrar
Bigshare Services Pvt Ltd
Lead manager
Interactive Financial Services
Subscription by category
Total
1.07x
Total applications
374
Listing day
Issue price
₹91
Open
₹79.75
High
₹79.75
Low
₹75.77
Day close
₹75.77
Listing gain at open
-12.36%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
54,000
2.02%
NII Shares Offered
12,40,800
46.47%
bNII > ₹10L
8,26,800
30.97%
sNII < ₹10L
4,14,000
15.51%
Retail Shares Offered
12,40,800
46.47%
Market Maker Shares Offered
1,34,400
5.03%
Total Shares Offered
26,70,000
100.00%
Finaccle’s quick read
Under review
Not enough restated financial history in the offer document to run our screen.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product range includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supply fabrics for women’s wear such as sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas. The company has set up a manufacturing unit in Surat, Gujarat, spread across 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
31.15%
ROCE
31.99%
Debt / equity
0.15
PAT margin
19.50%
P/E post issue
11.77
Market cap
₹89.78 Cr
Use of IPO money
Capital Expenditure for Factory Premises
₹5.40 Cr
Capital Expenditure for purchase of machineries
₹9.33 Cr
Working Capital Requirement
₹4.75 Cr
General Corporate Purposes
₹1.31 Cr
Issue expenses
₹3.51 Cr
Strengths
Risks to watch
!
Limited restated financial history; read the RHP carefully
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.