Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
20th May
Offer End Date
27th May
Allotment Date
29th May
Refund Initiation
1st Jun
Demat Transfer
1st Jun
Listing Date
2nd Jun
Founded in 2018, Harikanta Overseas Ltd is engaged in the manufacturing of synthetic textile fabrics used across multiple apparel categories. The company’s product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics. A significant portion of its production is utilised in women’s wear, particularly sarees, dress materials, and kurtas, while the company also supplies fabrics for men’s kurtas. Harikanta Overseas operates its manufacturing facility in Surat, Gujarat, at Sai Ram Industrial Estate-2, Bamroli, covering an area of approximately 953.93 square metres. The company serves customers across several domestic markets, including Delhi, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan, while also exporting products to countries such as Bahrain, Singapore, and Thailand.
The business traces its origins to the family enterprise started by the promoters’ grandfather, Mr. Harivadan Gangaram Gotawala, who initially operated manual power looms from his residence. The operations were later expanded by Mr. Kamlesh Gotawala, followed by Mr. Nilesh Gotawala, who continued managing and developing the business after 1997. As of February 28, 2026, the company had 111 permanent employees. Mr. Hardik Gotawala serves as the Managing Director of the company.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 96.87% | 70.66% |
| Public Group | 3.13% | 29.34% |
| QIB Shares Offered | 54,000 (2.02%) |
| NII (HNI) Shares Offered | 12,40,800 (46.47%) |
| Retail Shares Offered | 12,40,800 (46.47%) |
| Anchor Investor Shares Offered | 0 (0%) |
| Total Shares Offered | 26,70,000 |
| Total Shares With Anchor Investor | 26,70,000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,18,400 |
| Retail (Max) | 2 | 2,400 | ₹2,18,400 |
| S HNI (Min) | 3 | 3,600 | ₹3,27,600 |
| S HNI (Max) | 9 | 10,800 | ₹9,82,800 |
| B HNI (MIN) | 10 | 12,000 | ₹10,92,000 |
| Bigshare Services Pvt Ltd | |
|---|---|
| Phone Number | 022-62638200 |
| Email Id | ipo@bigshareonline.com |
| Website | www.bigshareonline.com |
1. Interactive Financial Services Limited
| March 31, 2025 | March 31, | March 31, | |
|---|---|---|---|
| Net Worth | ₹13.79 Cr | ₹ Cr | ₹ Cr |
| Reserves and Surplus | ₹6.59 Cr | ₹ Cr | ₹ Cr |
| Total Borrowing | ₹3.26 Cr | ₹ Cr | ₹ Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 54,000 | 11,52,000 | 21.3333 |
| Non Institutional Investors (NIIs) | 13,75,200 | 9,97,200 | 0.7251 |
| Retail Individual Investors (RIIs) | 12,40,800 | 8,16,000 | 0.6576 |
| Total | 26,70,000 | 29,65,200 | 1.11 |
India’s textile sector is among the country’s oldest industries, with a history spanning several centuries.
The industry includes both traditional hand-spun and hand-woven segments as well as large-scale mill-based manufacturing units.
India has an established production base for multiple types of fibres and yarns.
Natural fibres produced in the country include cotton, jute, silk, and wool.
The sector also manufactures synthetic and man-made fibres such as polyester, viscose, nylon, and acrylic.
Decentralised power looms, hosiery, and knitting units account for a significant share of the textile industry.
The sector maintains a close connection with agriculture due to its dependence on raw materials such as cotton.
India’s textile traditions and long-standing cultural association with fabrics contribute to the sector’s distinct identity.
The industry manufactures products across multiple categories and price segments.
Indian textile manufacturers cater to varied domestic and international market requirements through a diversified product range.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Harikanta Overseas IPO.
Harikanta Overseas Ltd IPO is a SME IPO of 26,70,000 equity shares of a face value of ₹10 aggregating up to ₹24.3 Crores. The issue is priced at ₹86 to ₹91 per share. The minimum order quantity is 1200 Shares. The IPO opens on May 20, 2026, and closes on May 27, 2026. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.
The Harikanta Overseas Ltd IPO opens on May 20, 2026 and closes on May 27, 2026.
Harikanta Overseas Ltd lot size is 1200 shares, and the minimum amount required is ₹2,18,400.
You can apply in Harikanta Overseas Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
The finalization of Basis of Allotment for Harikanta Overseas Ltd IPO will be done on May 29, 2026, and the allotted shares will be credited to your demat account by June 01, 2026.
The Harikanta Overseas Ltd listing date is June 02, 2026.
The registrar of Harikanta Overseas Ltd IPO is Bigshare Services Pvt Ltd
Interactive Financial Services Limited will be the book-running lead manager of this IPO.
The fresh issue size is ₹24.3 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹2,18,400 amount.
To apply for Harikanta Overseas Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each Harikanta Overseas Ltd share will be ranging in between ₹86 to ₹91 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, May 27, 2026.
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