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Harikanta Overseas IPO

₹91 – ₹91 · Issue Size ₹25.63 Cr

IPO Overview

StatusUpcoming
Price Band₹91 – ₹91
Issue Size₹25.63 Cr
Lot Size2400 shares
Min Investment₹2,30,400
Face Value₹10
Issue Structure
Fresh Issue₹25.63 Cr
Offer for Sale
Total Size₹25.63 Cr

Business Model

Competitive Advantages
  • The Company’s unwavering focus on high-quality fabrics drives customer loyalty, reinforces its market
  • Efficient Production Process
  • The Company’s production processes form a key part of its operations and contribute to profitability and the

IPO Timeline

Open Date20 May 2026
Close Date22 May 2026
Allotment25 May 2026
Refund26 May 2026
Credit to Demat26 May 2026
Listing Date27 May 2026

Objects of the Issue

The present Public Issue up to 26,75,000 Equity Shares at an issue price of per Equity Share. the company proposes to utilize the Net Proceeds from the issue towards the following objects: 5. Capital Expenditure for Factory premises 6.

PurposeAmount
Company has planned capital expenditure of for plant and machinery — including 20 new rapier₹9.32 Cr

Risk Factors

LIMITED. For the purpose of this Issue, the designated Stock Exchange will be the BSE LIMITED ("BSE").low
SEBI Reg. No.:INM000012856low

Strengths & Weaknesses

Strengths

  • The Company’s unwavering focus on high-quality fabrics drives customer loyalty, reinforces its market
  • Efficient Production Process
  • The Company’s production processes form a key part of its operations and contribute to profitability and the

Weaknesses

  • !LIMITED. For the purpose of this Issue, the designated Stock Exchange will be the BSE LIMITED ("BSE")

Management & Promoters

J
Joint VenturesDirector
O
Other AgreementsDirector
H
Hardik GotawalaManaging Director
H
Harikanta Weaving PrivateDirector
A
Abhishek GotawalaWhole-time Director
S
Sefali SanghviIndependent Director
H
Harshal AgrawalIndependent Director
H
Hardik Gotawala Nilesh Gotawala Nephew-UncleDirector
H
Hardik Gotawala Abhishek Gotawala CousinsDirector
N
Nilesh Gotawala Abhishek Gotawala Father-SonDirector
I
Issue Closing Date.Independent Director

Shareholding Pattern

Pre-IPO
Category%
Promoters1%
Public4%
Promoters17%
Post-IPO
Category%
Promoters32.29%
Public0.14%

Peer Comparison

CompanyP/EEPS
Harikanta Overseas IPO
Nehru Nagar Ahmedabad - Gujarat India15.0x
Mobile: +-91.0x

Pre-IPO Financials

PeriodRevenue (Cr)PAT (Cr)Net Worth (Cr)Total Assets (Cr)
March 2025₹35.17 Cr₹20.23 Cr₹23.12 Cr
March 2024₹11.11 Cr₹-0.01 Cr₹6.61 Cr
March 2023₹14.9 Cr₹4.99 Cr

About

Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product portfolio comprises Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supplies fabrics used in women’s wear, such as sarees, dress materials, and kurtas, and also provides fabric for men’s kurtas. The company has a mission to deliver high-quality fabric solutions for both domestic and international mark

Industry Overview

96 Business Overview 107 Key Industry Regulations and Policies 124 History and Certain Corporate Matters 135 Our Management 139 Our Promoters and Promoter Group 152 Dividend Policy 157 Section VI – Financial Information Restated Financial Information 158 Management’s Discussion and Analysis of Financial Condition and Results of Operations 192 Financial Indebtedness 199 Other Financial Information 202 Section VII – Legal and Other Regulatory Information Outstanding Litigation and Material Developments 204 Government and Other Statutory Approvals 209 Financial Information of Our Group Companies

ExchangeBSE
Issue Typesme
SectorTrading
Face Value10 per share

Documents

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