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HARIKANTA · BSE · Textiles
Harikanta Overseas IPO listed on 02 Jun 2026 on BSE at ₹79.75, a loss of 12.36% over the issue price of ₹91.00. The IPO was subscribed 1.17x overall.
Harikanta Overseas IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 20 May 2026 |
| IPO Close Date | 27 May 2026 |
| Basis of Allotment | 29 May 2026 |
| Initiation of Refunds | 01 Jun 2026 |
| Credit of Shares to Demat | 01 Jun 2026 |
| Listing Date | 02 Jun 2026 |
Listing day gain
-12.36%
Listed at ₹79.75 (issue ₹91)
Issue
₹91
Listing
₹79.75
Current
₹75.77
-16.74% vs issue
Day range
₹75.77 – ₹79.75
Issue Size
2,669,791 shares
(aggregating up to ₹24.00 Cr)
Issue Price
₹86 – ₹91
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹218,400
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
2,669,791 shares
(aggregating up to ₹23 Cr)
Offer for Sale
[.]
Reserved for Market Maker
134,400 shares
(aggregating up to ₹1.00 Cr)
Issue Type
book building
Open Date
20 May
Close Date
27 May
Allotment
29 May
Listing
02 Jun
Last updated: 4 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 30 May 2026 Latest | ₹91 | ₹0 | ₹91 | ₹0 |
0%
|
1:54 PM |
| 29 May 2026 | ₹91 | ₹0 | ₹91 | ₹0 |
0%
|
10:11 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 27 May 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 21.33x | - |
| NII | 0.8x | - |
| bNII (bids above ₹10L) | 1.07x | - |
| sNII (bids below ₹10L) | 0.28x | - |
| Individual Investors | 0.66x | - |
| Total | 1.17x | - |
Showing the latest subscription snapshot.
View full subscription historyHardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹218,400 |
| Retail (Max) | 2 | 2,400 | ₹218,400 |
| S-HNI (Min) | 3 | 3,600 | ₹327,600 |
| S-HNI (Max) | 9 | 10,800 | ₹982,800 |
| B-HNI (Min) | 10 | 12,000 | ₹1,092,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 54,000 (2.02%) |
| NII (HNI) Shares Offered | 1,240,800 (46.48%) |
|
•
bNII > ₹10L
|
826,800 (30.97%) |
|
•
sNII < ₹10L
|
414,000 (15.51%) |
| Market Maker Shares Offered | 134,400 (5.03%) |
| Individual Investors Shares Offered | 1,240,800 (46.47%) |
| Total Shares Offered | 2,670,000 (100.00%) |
Harikanta Overseas isn't a flashy name, but it's a real business doing real work in one of India's most competitive industries.
Set up in 2018 by the Gotawala family in Surat, the company makes synthetic and specialty textile fabrics — Ikat, polyester garment fabric, sarees, dhupion, poly linen, and natural fibre blends. Surat is essentially the heartland of India's synthetic textile trade, so location-wise, they're exactly where they need to be.
The factory runs Rapier Jacquard machines, which are the industry standard for producing patterned woven fabrics at scale. The product mix leans toward fabrics used in ethnic wear and fashion apparel, and the company supplies both domestic buyers and export markets. They claim relationships with established fashion brands, though the specifics aren't publicly detailed.
Three members of the Gotawala family run the business — Hardik as Managing Director, and Nilesh and Abhishek as Whole-Time Directors. Hardik also separately runs Tripura Textile, a weaving and silk fabric unit he started in 2015, which gives the family roots in the trade going back further than Harikanta itself. The company has 42 full-time employees as of mid-2025.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 15.06 | 11.27 | 35.5 |
| Profit After Tax (PAT) | 0.25 | 0.82 | 4.47 |
| EBITDA | 0.49 | 1.24 | 6.72 |
| Total Assets | 4.99 | 6.61 | 23.12 |
| Net Worth | 1.15 | 1.97 | 13.79 |
| Reserves & Surplus | 0.65 | 1.47 | 6.59 |
| Total Borrowing | 1.34 | 1.47 | 3.26 |
Revenue & Profit Trend
The basis of allotment for Harikanta Overseas IPO was finalised on 29 May 2026. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Harikanta Overseas IPO is expected to open in May 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Harikanta Overseas IPO is ₹86.00 - ₹91.00 per share.
As per market sources, Harikanta Overseas IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Harikanta Overseas IPO stands at 1.17x overall.
The listing date for Harikanta Overseas IPO is 02 Jun 2026.
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