Harikanta Overseas IPO
Textiles • ₹25.63 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
- The company is significantly dependent on yarn and related raw materials such as air tex y…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹91
Lot Size
1200 shares
Issue Size
₹25.63 Cr
Open
20 May 2026
Close
27 May 2026
Subscription
1.11×
IPO Schedule
| Issue Open Date | 20 May 2026 |
| Issue Close Date | 27 May 2026 |
| Listing Date | 01 Jun 2026 |
About Harikanta Overseas
Harikanta Overseas Limited is a manufacturer of synthetic textile fabrics. The company’s product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics. Its fabrics are primarily used for women’s wear, such as sarees, dress materials, and kurtas, while also catering to fabrics for men’s kurtas. The company supplies products to both domestic and international markets, with exports to countries, including Cambodia, Bahrain, Singapore, and Thailand. Harikanta Overseas operates a manufacturing facility in Surat, Gujarat, spread across approximately 953.93 square metres at Sai Ram Industrial Estate-2, Bamroli. The company also undertakes finishing, packaging, and quality checks for products sourced through third-party job workers when required. In addition, its wholly owned subsidiary, Harikanta Weaving Private Limited, supports manufacturing operations and job work with rapier looms and related machinery.
Company Details
Founders / Promoters
Mr Hardik Gotawala
Founded
2018
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Harikanta Overseas — IPOFins Verdict
QuantitativeDriven by QIB demand at 21.3x and moderate disclosed risk (5/10), Harikanta Overseas listed at a discount of 12.4% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- Harikanta Overseas Limited derives a significant portion of its revenue from exports. In FY25, export sales and merchant exports together contributed over 64% of its operating revenue. The company exp
- The company operates a manufacturing facility in Surat, Gujarat, a major synthetic textile manufacturing hub. This location provides access to raw material suppliers, textile infrastructure, logistics
- Harikanta Overseas manufactures a diversified range of textile fabrics, including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics. The co
- The company claims to have flexible production capabilities that allow it to handle both bulk and customised fabric orders. According to the prospectus, it undertakes customised production for fabrics
- The company’s subsidiary, Harikanta Weaving Private Limited, supports manufacturing operations and job work activities. The subsidiary claims to have 16 rapier looms along with supporting machinery, w
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Actual listing outcome → score −1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹91
Listing Price
₹79.75
Listing Gain/Loss
-12.36%
Listing Date
01 Jun 2026
Price Since Listing
Returns are measured against the ₹91 issue price.
Listing
₹79.75
-12.4%
1 Week
₹83.31
-8.5%
1 Month
₹79
-13.2%
Current
₹76.3
-16.2%
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FAQ
What is the price band of Harikanta Overseas IPO?
The price band is ₹91 per share with a lot size of 1200 shares. Minimum investment: ₹1,09,200.
What does Harikanta Overseas do?
Harikanta Overseas Limited is a manufacturer of synthetic textile fabrics. The company’s product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics. Its fabrics are primarily used for women’s wear, such as sarees, dress materials, and kurtas, while also catering to fabrics for men’s kurtas. The company supplies products to both domestic and international markets, with exports to countries, including Cambodia, Bahrain, Singapore, and Thailand. Harikanta Overseas operates a manufacturing facility in Surat, Gujarat, spread across approximately 953.93 square metres at Sai Ram Industrial Estate-2, Bamroli. The company also undertakes finishing, packaging, and quality checks for products sourced through third-party job workers when required. In addition, its wholly owned subsidiary, Harikanta Weaving Private Limited, supports manufacturing operations and job work with rapier looms and related machinery.
Should I apply for Harikanta Overseas IPO?
Harikanta Overseas listed at ₹79.75 (-12.4% discount to the ₹91 issue price) after 1.1x subscription. IPOFins Score 5/10: Driven by QIB demand at 21.3x and moderate disclosed risk (5/10), Harikanta Overseas listed at a discount of 12.4% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Harikanta Overseas?
Harikanta Overseas was founded by Mr Hardik Gotawala in 2018.