Minimum Investment
About Company
Company Name: Harikanta Overseas Limited
Industry / Sector: Textiles / Synthetic Fabrics Manufacturing
Founded Year: 2018
Promoters: Hardik Gotawala, Abhishek Gotawala, Nilesh Gotawala
Harikanta Overseas Limited 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 primarily supplies fabrics for women’s wear such as sarees, dress materials, and kurtas, and also offers fabrics for men’s kurtas. It has a manufacturing unit in Surat, Gujarat, and exports to Bahrain, Singapore, and Thailand while serving domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan. As of February 28, 2026, the company had 111 permanent employees.
IPO Basic Details
| Company Name | Harikanta Overseas Limited |
| IPO Type | SME IPO |
| Price Band | ₹91 – ₹96 |
| Lot Size | 1200 |
| Total Issue Size | ₹25.63 Cr (26,70,000 shares) |
IPO Strengths & Risks
Strengths
- Quality products and efficient production process
- Customization and flexibility
- Global reach with exports to multiple countries
- Diverse product range
Risks
- Highly competitive and fragmented textile sector
- Raw material price volatility
- Export market risks
IPO Important Dates
| IPO Open Date | 20 May 2026 |
| IPO Close Date | 22 May 2026 |
| Basis of Allotment | 25 May 2026 |
| Refund Initiation | 26 May 2026 |
| Demat Credit Date | 26 May 2026 |
| Listing Date | 27 May 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance amount
Investor Reservation
| QIB Quota | 2.02% |
| Retail Quota | 46.47% |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 2400 | ₹2,30,400 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 3 lots | 3600 | ₹3,45,600 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 9 lots | 10800 | ₹10,36,800 |
Key Performance Indicators (KPI)
| ROE | 31.15% (30 Nov 2025) / 56.72% (31 Mar 2025) |
| ROCE | 31.99% (30 Nov 2025) / 37.56% (31 Mar 2025) |
| RoNW | - |
| PAT Margin | 19.50% (30 Nov 2025) / 12.70% (31 Mar 2025) |
| EBITDA Margin | 27.97% (30 Nov 2025) / 18.92% (31 Mar 2025) |
| EPS | - |
| NAV per share | - |
| Debt to Equity | 0.15 (30 Nov 2025) / 0.24 (31 Mar 2025) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | 23.12 Cr | 35.50 Cr | 4.47 Cr | 6.72 Cr | 13.79 Cr | 3.26 Cr |
| 30 Nov 2025 | 32.51 Cr | 26.28 Cr | 5.09 Cr | 7.35 Cr | 18.77 Cr | 2.87 Cr |
Grey Market Premium
| GMP Price | N/A (pre-listing) |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | May 2026 |
| Estimated Listing Price | N/A |
IPO Subscription Data
| Total Subscription | Pending (IPO opens 20 May 2026) |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://ipo.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: 28, Sairam Ind Estate Bamroli, Surat, Gujarat 394107
Website: https://www.harikantaoverseas.com/
Email: info@harikantaoverseas.com
Phone: +91 98986 82560
IPO Documents
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