Harikanta Overseas Limited is engaged in the manufacturing of synthetic textile fabrics. The company offers a wide range of fabrics including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen fabrics, and natural fiber fabrics.
The company primarily supplies fabrics used in women’s wear such as sarees, dress materials, kurtas, and fashion garments. It also provides fabrics for men’s kurtas and ethnic wear segments.
Harikanta Overseas operates its manufacturing facility in Surat, Gujarat, spread across approximately 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli. The company manufactures and processes textile fabrics catering to both domestic and export markets.
The company exports its products to countries such as Bahrain, Singapore, and Thailand. In India, it serves customers across major markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.
As of February 28, 2026, the company had 111 permanent employees supporting its manufacturing, operations, administration, and business activities.
Harikanta Overseas IPO – Details
| IPO Opening Date | 20 May 2026 |
| IPO Closing Date | 22 May 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 26,70,000 Shares Worth ₹25.63 Crore Fresh Issue: 26,70,000 Shares Worth ₹25.63 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 – ₹96 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 2.13% |
| NII Shares Offered | 48.94% |
| Retail Shares Offered | 48.94% |
Harikanta Overseas IPO – Date Schedule
| IPO Open Date | 20 May 2026 |
| IPO Close Date | 22 May 2026 |
| Basis of Allotment | 25 May 2026 |
| Initiation of Refund | 26 May 2026 |
| Credit of Shares to Demat | 26 May 2026 |
| IPO Listing Date | 27 May 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 22, 2026 |
Harikanta Overseas IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,30,400 |
| Retail (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Competitive Strength
- Quality Products.
- Efficient production process.
- Customization and flexibility.
- Global Reach and Export Capability.
- Range of Products.
Company Promoters
- Hardik Gotawala
- Abhishek Gotawala
- Nilesh Gotawala
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2023 (Standalone) | ₹15.06 Cr | ₹14.72 Cr | ₹0.25 Cr |
| 31 March 2024 (Standalone) | ₹11.27 Cr | ₹10.15 Cr | ₹0.82 Cr |
| 31 March 2025 (Consolidated) | ₹35.50 Cr | ₹29.30 Cr | ₹4.47 Cr |
| 30 November 2025 (Consolidated) | ₹26.28 Cr | ₹19.75 Cr | ₹5.09 Cr |
Key Performance Indicator
| KPI | Values (Nov 30, 2025) |
|---|---|
| ROE | 31.15% |
| ROCE | 31.99% |
| Debt/Equity | 0.15 |
| RoNW | 27.10% |
| PAT Margin | 19.50% |
| EBITDA Margin | 27.97% |
| Price to Book Value | 3.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.21 | 7.73 |
| P/E (x) | 15.46 | 12.42 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditure for Factory premises. | ₹5.40 |
| Capital Expenditure for purchase of machineries. | ₹9.33 |
| Working Capital Requirement. | ₹4.75 |
| General corporate purposes. | – |
✅Strengths
- Strong presence in synthetic textile fabric manufacturing.
- Diverse product portfolio including Ikat, saree, dhupion, poly linen, and natural fiber fabrics.
- Focus on women’s ethnic wear segment with steady market demand.
- Manufacturing unit located in Surat, a major textile hub of India.
- Export presence in Bahrain, Singapore, and Thailand.
- Product customization and flexible manufacturing capabilities.
- Experienced promoter involvement in business operations.
- Established domestic customer network across multiple states.
- Efficient production process with quality-focused operations.
- Strategic location provides easy access to raw materials and textile ecosystem.
⚠️Risks
- Business depends heavily on textile industry demand and fashion trends.
- High dependence on third-party transporters for logistics and deliveries.
- Fluctuation in raw material prices can impact margins.
- Export business exposed to foreign currency fluctuation risks.
- Competition from organized and unorganized textile manufacturers.
- Dependence on skilled workforce for maintaining product quality.
- Any slowdown in export markets may affect revenue growth.
- Customer concentration or reduction in orders can impact operations.
- Textile industry is highly competitive with pricing pressure.
- Any disruption in Surat textile ecosystem may affect manufacturing activities.
Harikanta Overseas IPO Promoter Holding
| Pre-Issue Share Holding | 96.87% |
| Post Issue Share Holding | 70.66% |
Harikanta Overseas IPO Prospectus
Company Contact Information
| Harikanta Overseas Limited 28, Sairam Ind Estate Bamroli, Surat, Gujarat, 394107 Phone: +919898682560 Email: info@harikantaoverseas.com Website: https://www.harikantaoverseas.com/ |
Harikanta Overseas IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Harikanta Overseas IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd. |
Harikanta Overseas IPO FAQ
| What is the Harikanta Overseas IPO? Harikanta Overseas IPO is an SME IPO. The issue is priced at ₹91 – ₹96 per equity share. The IPO is to be listed on BSE SME. |
| When will Harikanta Overseas IPO open? The IPO is to open on 20 May 2026 for QIB, NII, and Retail Investors. |
| What is Harikanta Overseas IPO Investors’ Portion? The investors’ portion for QIB – 2.13%, NII – 48.94%, and Retail – 48.94%. |
| What is the Harikanta Overseas IPO Size? Harikanta Overseas IPO size is ₹25.63 Crore. |
| What are the Harikanta Overseas IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,30,400, while the maximum bid is 2400 Shares for ₹2,30,400. |
| What is the Harikanta Overseas IPO Allotment Date? Harikanta Overseas IPO allotment date is 25 May 2026. |
| What is the Harikanta Overseas IPO Listing Date? Harikanta Overseas IPO listing date is 27 May 2026. The IPO is to be listed on the BSE SME. |
