Harikanta Overseas Limited IPO

Harikanta Overseas Limited IPO

SME BSE SME 100% Book Built Offer
Upcoming

Price Band

₹91 - ₹96

Total Issue

₹26 Cr

Bid Dates

20 May - 22 May

Subscription

-

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Valuation

Market Cap

₹94.71 Cr

P/E Ratio

14.35x

P/B Ratio

5.01x

Harikanta Overseas IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

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May 20 - May 22

Business Overview

Harikanta Overseas Limited is a Surat-based manufacturer and exporter of synthetic and natural textile fabrics. Incorporated in 2018, the Company produces Ikat fabrics, polyester garment fabrics, sarees, dhupion, poly linen, and natural fiber fabrics, primarily for women's wear. Manufacturing is done at Sai Ram Industrial Estate-2, Bamroli, Surat, using Jacquard Rapier Looms (owned and rented). The Company exports Ikat and Dhupion fabrics to Cambodia, Thailand, Bahrain, and Singapore — ~64% of FY25 revenue — and serves domestic markets across Gujarat, Maharashtra, and Delhi.

Harikanta Overseas IPO Lot Size

Lot Information for Harikanta Overseas IPO
Category Lots Shares Amount
Ind (Min) 2 2,400 ₹2,30,400
Ind (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
Allocate Funds
Market Maker
₹1.34 L
Employee
₹0.00
Shareholder
₹0.00

Harikanta Overseas IPO Size

Total ₹25.63 Cr
Fresh Issue
₹26 Cr (0.27 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of the Issue

Capital Expenditure for Factory Premises

₹5.40 Cr

Capital Expenditure for Purchase of Plant and Machineries

₹9.33 Cr

Working Capital Requirements

₹4.75 Cr

General corporate purposes & issue expenses

₹6.15 Cr

Total

₹25.63 Cr

Harikanta Overseas IPO IPO Details Live GMP

GMP ₹0
Est. Price ₹96
Est. Gain 0.00%

Harikanta Overseas IPO Peer Comparison

(Rs. in crores)

Harikanta Overseas IPO Peer Comparison Table
Particulars Harikanta Overseas Betex India Swasti Vinayaka Synthetics
Revenue 35.17 96.38 38.38
PAT 4.47 1.95 2.42
EPS (₹) 6.69 13.03 0.27
NAV (₹) 19.16 227.34 2.55
RONW 32.41% 5.73% 10.94%
EBITDA 18.92% 4.60% 11.28%
PAT Mrgn 12.70% 1.97% 8.51%
PE Ratio 14.35 28.01 12.78

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 05, 2026 for Peers

Harikanta Overseas IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Harikanta Overseas IPO
Particulars Nov-25 Mar-25 Mar-24 Mar-23
Revenue 26.08 35.17 11.11 14.90
PAT 5.09 4.47 0.82 0.25
Net Worth 18.87 13.79 1.97 1.15
Borrowings 2.87 3.26 1.47 1.34
Assets 32.51 23.12 6.61 4.99
NAV (₹) 26.08 19.16 - -
EPS (₹) 7.07 6.69 1.27 0.40

Key Performance Indicators (KPIs)

EBITDA

18.92%

PAT

12.70%

ROE

56.72%

ROCE

37.56%

Debt to Equity

0.24

Promoter Holding

Promoter

96.87%

Public

3.13%

Hardik Gotawala 32.29%
Abhishek Gotawala 32.29%
Nilesh Gotawala 32.29%

Management

Hardik Gotawala MD
Nilesh Gotawala WTD
Abhishek Gotawala WTD
Ms. Shafali Jain CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Lead Managers (1)

Interactive Financial

Company Details

Name: Harikanta Overseas Limited

Address: 28, Sairam Industrial Estate-2, Bamroli, Surat-394107, Gujarat, India

Number: +91-9898682560

Email: info@harikantaoverseas.com

Website: https://harikantaoverseas.com

Frequently Asked Questions (FAQs)

What is Harikanta Overseas IPO?
Harikanta Overseas IPO is a SME IPO having an issue size of ₹26 Crs. Harikanta Overseas IPO is priced at ₹91 - ₹96 per share. The issue opens on 20 May 26 and closes on 22 May 26.
When will Harikanta Overseas IPO open?
Harikanta Overseas IPO opens on 20 May 26 and closes on 22 May 26.
What is the GMP of Harikanta Overseas IPO?
The estimated Grey Market Premium of Harikanta Overseas IPO is ₹0 per share (0.00%).
What is the lot size of Harikanta Overseas IPO?
The minimum lot size of Harikanta Overseas IPO is 1200 shares & the minimum application amount is Rs. 115200.
When is the allotment of Harikanta Overseas IPO?
The allotment date of Harikanta Overseas IPO is 25 May 26.
What is the listing date of Harikanta Overseas IPO?
The listing date of Harikanta Overseas IPO is 27 May 26.
What is the subscription of Harikanta Overseas IPO?
Harikanta Overseas IPO is subscribed -.
What is the price band of Harikanta Overseas IPO?
Harikanta Overseas IPO is priced at ₹91 - ₹96 per share.
How to check allotment status of Harikanta Overseas IPO?
Click the allotment link on Harikanta Overseas IPO page of IPO360.
How to apply Harikanta Overseas IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Harikanta Overseas IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Harikanta Overseas IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Harikanta Overseas IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date