Harikanta Overseas Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 21.33x | 54,000 | 1,152,000 | ₹1 Cr |
| NII (HNI) | 0.70x | 1,240,800 | 862,800 | ₹12 Cr |
| Retail | 0.66x | 1,240,800 | 816,000 | ₹12 Cr |
| Market Maker | — | 134,400 | — | ₹1 Cr |
| Σ Total | 1.12x | 2,535,600 | 2,830,800 | ₹24 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹115,200 |
| Retail (Max) | 13 | 15,600 | ₹1,497,600 |
| S-HNI (Min) | 14 | 16,800 | ₹1,612,800 |
| B-HNI (Min) | 67 | 80,400 | ₹7,718,400 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Nov 2025 | 31 Mar 2025 |
|---|---|---|
| Revenue | 26 | 36 |
| EBITDA | 7 | 7 |
| Profit After Tax | 5 | 4 |
| Net Worth | 19 | 14 |
| Total Assets | 33 | 23 |
| Reserves & Surplus | 12 | 14 |
| Total Borrowing | 3 | 14 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Capital Expenditure for Factory premises – 5.40
- Capital Expenditure for purchase of machineries – 9.33
- Working Capital Requirement – 4.75
- General Corporate Purpose –
Company Overview
Incorporated in 2018, Harikanta Overseas 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 mainly supply fabrics for women’s wear such as sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas.
The company has set up a manufacturing unit in Surat, Gujarat, spread across 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli. The company also export products to Bahrain, Singapore, and Thailand, while serving key domestic markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.
As on August 31, 2025, the company has 42 permanent employees.
Competitive Strengths
- Quality Products
- Efficient production process
- Customization and flexibility
- Global Reach and Export Capability
- Range of Products