Harikanta Overseas IPO GMP today is Rs -11.25. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
HARIKANTAOVERSEAS
Harikanta Overseas IPO GMP, Subscription & Allotment Status Today
Harikanta Overseas is a SME IPO with a price band of Rs 86.00 to Rs 91.00 that listed on 02 Jun 2026 at a listing gain of -12.36%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹86.00 - ₹91.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 27 May 2026
- Listing Date
- 02 Jun 2026
Current GMP Status
₹-11.25
-12.36% vs upper band
Est. Listing Gain
-12.36%
Last Trend
25 May 2026
Listing Price
₹79.75
Retail Entry
₹2,18,400
IPO Details
Complete IPO information
| Current GMP | ₹-11.25 |
|---|---|
| Estimated Listing Gain | -12.36% |
| Price Band | ₹86.00 - ₹91.00 |
| Issue Price | Approx ₹91.00 Crores |
| Listing Price | ₹79.75 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 0.49x |
| Listing Date | 02 Jun 2026 |
| Minimum Investment | ₹2,18,400 |
Head-to-head
Compare Harikanta Overseas IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Harikanta Overseas is priced at ₹91 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,18,400 to participate in this SME issue.
The latest recorded Grey Market Premium for Harikanta Overseas stands at ₹-11.25, implying an estimated listing gain of around -12.36% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Harikanta Overseas's IPO was subscribed 0.49x overall, with a category-wise breakdown of Retail 0.34x, QIB 11.18x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
20 May 2026
✓
Bidding Closes
27 May 2026
✓
Allotment
TBA
✓
Listing
02 Jun 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 25 May 2026 | ₹0.00 | - | 0.00% |
| 20 May 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,18,400 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,18,400 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,27,600 |
| S-HNI Maximum | 9 Lot | 10,800 | ₹9,82,800 |
| B-HNI Minimum | 10 Lot | 12,000 | ₹10,92,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Harikanta Overseas IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | May 20, 2026 |
| IPO Close Date | May 22, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹91 to ₹96 Per Share |
| Issue Size | Approx ₹25.63 Crores, 26,75,000 Equity Shares |
| Fresh Issue | Approx ₹25.63 Crores, 26,75,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
Analysis
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Analysis
Harikanta Overseas IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Analysis
Harikanta Overseas IPO Dates
The Harikanta Overseas IPO date is May 20 and the close date is May 22. The Harikanta Overseas IPO allotment will be finalized on May 25 and the IPO listing on May 27.
| Event | Date |
|---|---|
| IPO Open Date | May 20, 2026 |
| IPO Close Date | May 22, 2026 |
| Basis of Allotment | May 25, 2026 |
| Refunds | May 26, 2026 |
| Credit to Demat Account | May 26, 2026 |
| IPO Listing Date | May 27, 2026 |
| IPO Bidding Cut-off Time | May 22, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
The promoters of the company are Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 71,95,740 | 96.87% |
| Promoter Holding Post Issue | 98,70,740 | -% |
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Capital Expenditure for Factory Premises | ₹5.40 |
| Capital Expenditure for Purchase of Machineries | ₹9.33 |
| Working Capital Requirement | ₹4.75 |
| General Corporate Purpose | ₹- |
Analysis
About Harikanta Overseas IPO
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product portfolio comprises Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supplies fabrics used in women’s wear, such as sarees, dress materials, and kurtas, and also provides fabric for men’s kurtas.
The company has a mission to deliver high-quality fabric solutions for both domestic and international markets by using advanced technology and sustainable manufacturing practices. In 2024, the company expanded by adding new factory premises and starting in-house yarn processing initiatives.
The company has established a manufacturing facility in Surat, Gujarat, covering 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli.
It also exports its products to Bahrain, Singapore, and Thailand, while catering to major domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.
Analysis
Harikanta Overseas IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2025 | ₹35.50 | ₹29.30 | ₹4.47 | ₹23.12 |
Analysis
Harikanta Overseas IPO Valuation – FY2025
Check Harikanta Overseas IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE | 56.72% |
| ROCE | 37.56% |
| EBITDA Margin | 18.92% |
| PAT Margin | -% |
| Debt to Equity Ratio | 0.24 |
| Earning Per Share (EPS) | ₹6.69 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 32.41% |
| Net Asset Value (NAV) | ₹19.16 |
Analysis
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Betex India Limited | 13.03 | 35.61 | 5.73% | 227.34 | 971.46 Cr. |
| Swasti Vinayaka Synthetics Limited | 0.27 | 19.44 | 10.54% | 2.55 | 385.58 Cr. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd.
FAQ
Harikanta Overseas IPO FAQs
Harikanta Overseas IPO price band is Rs 86.00 to Rs 91.00. Check the latest issue price, lot size and GMP together before applying.
Harikanta Overseas IPO open date is 20 May 2026, close date is 27 May 2026, and listing date is 02 Jun 2026.
Harikanta Overseas IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,18,400.
Harikanta Overseas is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Harikanta Overseas IPO subscription status currently shows Retail 0.34x, QIB 11.18x, Overall 0.49x.
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