Harikanta Overseas Limited Plans SME IPO To Raise Up To Rs 25.63 Crore
Harikanta Overseas is set to launch its initial public offering (IPO) on May 20, 2026, with the company aiming to raise up to Rs 25.63 crore through the issue.
The IPO comprises 26.70 lakh equity shares with a price band of Rs 91-96 per share. The issue will close on May 22, 2026, and the company’s shares are proposed to be listed on the SME platform of BSE Limited.
The face value of each equity share is Rs 10. Interactive Financial Services Limited is acting as the book-running lead manager to the issue, while Swati Malu is the compliance officer.
Based in Surat, Gujarat, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen and natural fibre fabrics.
The company primarily caters to the women’s wear segment, supplying fabrics used for sarees, dress materials and kurtas, while also serving the men’s ethnic wear market.
Harikanta Overseas was incorporated on October 22, 2018, with a focus on expanding into international markets. The company exports products such as Ikat and Dhupion fabrics and has established a manufacturing facility at Sai Ram Industrial Estate-2 in Bamroli, Surat.
Its manufacturing unit spans around 953.93 square metres and supports the company’s export-oriented operations and growing global customer base.
