· SME · BSE
Price Band
₹86–91
Lot Size
1200 shares
Issue Size
₹24 Cr
Min. Investment
₹1,09,200
Indicative, updates through the day
Cap price plus current GMP: ₹91 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Harikanta Overseas IPO is an SME issue that listed on BSE on 2 June 2026. The issue price band is fixed at ₹86–₹91 per equity share with a minimum market lot size of 1200 shares, bringing the total issue size to ₹24 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,09,200.
No meaningful grey market premium is actively quoted for Harikanta Overseas IPO at this stage. For an SME issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 1200 shares (approx. ₹1,09,200 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Bigshare Services Pvt. Ltd., with the basis of allotment finalised on 29 May 2026 and listing completed on 2 June 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹91
Listed At
₹79.75
Current Price
₹75.77
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.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 54,000 | 2.13% |
| NII (HNI) | 12,40,800 | 48.94% |
| − bNII > ₹10L | 8,26,800 | 0% |
| − sNII < ₹10L | 4,14,000 | 0% |
| Retail | 12,40,800 | 48.94% |
| Market Maker | 1,34,400 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,18,400 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,18,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,27,600 |
| S-HNI (Max) | 9 | 10800 | ₹9,82,800 |
| B-HNI (Min) | 10 | 12000 | ₹10,92,000 |
EPS (Pre IPO)
6.21
EPS (Post IPO)
7.73
ROE
27.10%
P/E (Pre IPO)
14.66
P/E (Post IPO)
11.77
Price / Book
3.68
Market Cap
₹65Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Yajur Fibres Ltd. | 23.49 | ₹120.41 Cr | |
| K K Silk Mills Ltd. | 12.12 | ₹28.50 Cr | |
| Game Changers Texfab Ltd. | 10.58 | ₹54.84 Cr | |
| Sihora Industries Ltd. | 13.14 | ₹10.56 Cr | |
| Siddhi Cotspin Ltd. | 16.06 | ₹69.85 Cr | |
| Rachit Prints Ltd. | 11.85 | ₹19.50 Cr |
Harikanta Overseas Ltd. Address
Bigshare Services Pvt. Ltd.