Harikanta Overseas Limited
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The Initial Public Offering of Harikanta Overseas Limited's culminated in its successful listing on Jun 02, 2026 at the BSE trading platform. The company secured 26,70,000 Shares through this capital market exercise, with 26,70,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹86 to ₹91, with minimum investment requirements of 1200 shares. The subscription period from May 20, 2026 to May 27, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on May 29, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Harikanta Overseas, incorporated in 2018, is a Surat-based textile manufacturer engaged in producing synthetic and blended fabrics used primarily in women’s ethnic wear such as sarees, dress materials, and kurtas, along with select fabrics for men’s kurtas. Its product portfolio includes Ikat fabrics, polyester garment fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company operates a manufacturing facility in Surat, Gujarat, and serves both domestic and international markets, exporting to countries like Bahrain, Singapore, and Thailand while maintaining a strong presence across several Indian states. With a focused product range and growing market reach, Harikanta Overseas continues to strengthen its position in the textile and fabric manufacturing segment.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Quality-Focused Products: Consistent product quality helps build customer trust and repeat business.
- Efficient Production Process: Integrated manufacturing operations improve efficiency, timely delivery, and cost management.
- Customization & Flexibility: Ability to provide customized textile solutions helps meet changing customer preferences and fashion trends.
- Project Execution Risk: Delays in machinery procurement or installation for expansion projects may increase costs and affect timelines.
- Raw Material Dependency Risk: Fluctuations in yarn prices or supply disruptions may impact margins, profitability, and operations.
- Energy-Intensive Operations Risk: Dependence on uninterrupted power supply and rising energy costs may affect efficiency and financial performance.
- Hardik Gotawala
- Abhishek Gotawala
- Nilesh Gotawala
Harikanta Overseas Limited
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