Harikanta Overseas IPO- Company Analysis
Harikanta Overseas IPO under the SME IPO category is a bookbuild issue of Rs. 25.63 Cr by Harikanta Overseas Limited and involved in the production of synthetic textiles. Ikat fabrics, polyester clothing fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics are among its product offerings. In addition to providing textiles for men's kurtas, the company primarily supplies fabrics for women's clothing, including sarees, dress materials, and kurtas.
The company has established a 953.93 square meter production facility at Sai Ram Industrial Estate-2, Bamroli, Surat, Gujarat. In addition to serving important domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan, the company exports goods to Bahrain, Singapore, and Thailand.
Harikanta Overseas IPO Details
The Harikanta Overseas IPO date of opening is 20 May 2026, its initial public offering will end on 22 May, IPO allotment on May 25 and refund initiation on May 26, 2026.
The Rs. 25.63 crore new SME IPO comprises a wholly fresh issue of 0.27 Cr shares.
The Harikanta Overseas IPO listing date (expected) might be Wednesday, May 27, 2026, and listing at the BSE and SME.
The Harikanta Overseas IPO price band is Rs. 91 to Rs. 96.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
May 20, 2026 |
|
IPO Closing Date |
May 22, 2026 |
|
IPO Allotment Date |
May 25, 2026 |
|
Refund Initiation |
May 26, 2026 |
|
IPO Listing Date |
May 27, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
30 Nov 2025 |
31 Mar 2025 |
|
Assets |
32.51 |
23.12 |
|
Total Income |
26.28 |
35.50 |
|
Profit After Tax |
5.09 |
4.47 |
|
EBITDA |
7.35 |
6.72 |
|
Net Worth |
18.77 |
13.79 |
|
Reserves and Surplus |
11.68 |
6.59 |
|
Total Borrowing |
2.87 |
3.26 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(100.12) |
67.64 |
193.99 |
|
Net Cash Flow Investing Activities |
(388.81) |
(63.08) |
(336.69) |
|
Net Cash Flow Financing Activities |
583.93 |
5.59 |
128.15 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Capital Expenditure for Factory premises. ~ Rs. 5.40 Cr.
-
Capital Expenditure for the purchase of machinery. ~ Rs. 9.33 Cr.
-
Working Capital Requirement. ~ Rs. 4.75 Cr.
-
General Corporate Purposes.
Listed Peers of Harikanta Overseas Ltd.
|
Companies |
Face Value (Rs.) |
EPS |
PE Ratio |
|
Betex India Limited |
10 |
13.03 |
28.01 |
|
Swasti Vinayaka Synthetics Limited |
1 |
0.27 |
12.78 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
56.72% |
|
ROCE |
37.56% |
|
Debt/Equity |
0.24 |
|
RoNW |
32.41% |
|
PAT Margin |
12.70% |
|
EBITDA Margin |
18.92% |
|
Price to Book Value |
5.01 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 6.69 from the last year, the resulting P/E ratio is 14.34x.
Explore the Amba Auto Sales & Services IPO.
IPO's Strengths
-
Quality Products
-
Efficient production process
-
Customization and flexibility
-
Global Reach and Export Capability
-
Range of Products.
IPO's Weaknesses
-
Business is significantly dependent on yarn and other related raw materials
-
Operations are energy-intensive and any disruption in the power supply
-
Business is working capital-intensive and any inability to secure adequate financing may adversely impact operations.
Harikanta Overseas IPO GMP (Grey Market Premium)
Harikanta Overseas IPO GMP today is Rs. 0 as of 16 May 2026, while writing this information.
Harikanta Overseas IPO Summary
|
IPO Opening & Closing Date |
20 May, 2026 to 22 May, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 91 to Rs. 96 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
26,70,000 Shares (Rs. 26 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
25,35,600 Shares (Rs. 24 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,30,400, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,45,600.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Harikanta Overseas IPO Allotment Status
To check the Harikanta Overseas IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Harikanta Overseas Ltd.
-
Hardik Gotawala
-
Abhishek Gotawala
-
Nilesh Gotawala
|
Pre-Issue Promoter Shareholding |
96.87% |
|
Post-Issue Promoter Shareholding |
70.66% |
IPO Lead Managers
Interactive Financial Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
Harikanta Overseas IPO is a well-structured SME IPO blog covering key details like IPO dates, financials, valuation, GMP, lot size, objectives, strengths, risks, and allotment process. To improve SEO performance, the blog should add stronger keyword placement, source-backed data, internal links, FAQ schema, and a clear risk disclaimer for better trust and ranking.
Other Related Blogs:- OnEMI Technology Solutions IPO,
Value 360 Communications IPO
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
