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Open
20 May 2026
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Close
27 May 2026
3
Allotment
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Listing
Tue, Jun 2, 2026
Price Band
₹86 to ₹91
Issue Size
26,70,000 shares (agg. up to ₹24 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Jun 2, 2026
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
02-06-2026₹0Est. ₹91+0%
01-06-2026₹0Est. ₹91+0%
31-05-2026₹0Est. ₹91+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.07x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 32.51 | 23.12 |
| Total Income | 26.28 | 35.50 |
| Profit After Tax | 5.09 | 4.47 |
| EBITDA | 7.35 | 6.72 |
| NET Worth | 18.77 | 13.79 |
| Reserves and Surplus | 11.68 | 6.59 |
| Total Borrowing | 2.87 | 3.26 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹38.00 (-1.17%) |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹10.67 (-4.22%) |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹96.00 (-3.99%) |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹58.58 (-0.71%) |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹29.20 (+1.39%) |
| Rachit Prints Ltd. | SME | ₹19.50 Cr | ₹149 | 11.85 | ₹113.25 | -23.99% | ₹206.95 (+3.53%) |
| Spunweb Nonwoven Ltd. | SME | ₹60.98 Cr | ₹96 | 15.79 | ₹158.55 | +65.16% | ₹105.50 (-0.47%) |
| Silky Overseas Ltd. | SME | ₹30.68 Cr | ₹161 | 12.98 | ₹162.45 | +0.90% | ₹97.00 (+6.01%) |
| Cedaar Textile Ltd. | SME | ₹60.90 Cr | ₹140 | 12.07 | ₹113.05 | -19.25% | ₹19.05 (-4.75%) |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹41.32 (-1.27%) |
| Borana Weaves Ltd. | Mainboard | ₹144.89 Cr | ₹216 | 18.26 | ₹255.15 | +18.13% | ₹325.50 (+7.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Factory Premises | 5.40 |
| 2 | Capital Expenditure for purchase of machineries | 9.33 |
| 3 | Working Capital Requirement | 4.75 |
| 4 | General Corporate Purposes | 1.31 |
| 5 | Issue expenses | 3.51 |
| Total | 24.30 |
About Harikanta Overseas IPO
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. The company also export products to Bahrain, Singapore, and Thailand, while serving key domestic markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan. As on February 28, 2026, the company has 111 permanent employees. Competitive Strengths Quality Products Efficient production process Customization and flexibility Global Reach and Export Capability Range of Products + Read More
Contact Details
Harikanta Overseas Ltd. Address28, Sairam Ind Estate BamroliSurat, Gujarat, 394107+919898682560info@harikantaoverseas.comVisit Website