BSE List Price : ₹

subscription

Category	Times
QIBs	1x
HNIs	0.29x
Retail	0.32x
Total : 0.32x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹230,400
Retail Maximum	2	2,400	₹230,400
S-HNI Minimum	3	3,600	₹345,600
S-HNI Maximum	8	9,600	₹921,600
B-HNI Minimum	9	10,800	₹1,036,800

About the Company

Founded in 2018, Harikanta Overseas operates in the manufacturing of synthetic textile fabrics. Its product range includes Ikat fabrics, polyester-based garment fabrics, saree fabrics, dhupion fabrics, poly linen, as well as natural fiber fabrics. The company primarily caters to women’s apparel segments such as sarees, dress materials, and kurtas, while also supplying fabrics for men’s kurtas.

The company aims to provide premium-quality fabric solutions to both domestic and global markets by leveraging modern technology and adopting sustainable production methods. In 2024, it strengthened its operations by setting up additional factory premises and initiating in-house yarn processing.

Harikanta Overseas runs a manufacturing unit located in Surat, Gujarat, with a total area of 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli.

In addition to serving key domestic regions such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan, the company also exports its products to international markets including Bahrain, Singapore, and Thailand.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹15.06	₹14.72	₹0.25	₹-
2024	₹11.27	₹10.15	₹0.82	₹-
2025	₹35.50	₹29.30	₹4.47	₹23.12

Company Promoter

Hardik Gotawala

Abhishek Gotawala

Nilesh Gotawala

Know before investing

• • Strengths

  Strong focus on product quality: The company prioritizes maintaining consistent quality standards, which helps in gaining customer confidence and fostering long-term, repeat business relationships.

  Tailored solutions and adaptability: The company’s capability to provide customized textile offerings allows it to meet diverse customer needs and keep up with changing fashion trends.

• • Risks

  Execution and equipment procurement risk: Any delays in procuring or installing machinery for expansion initiatives could result in higher costs and postpone project completion timelines.

  Power dependency risk: The company’s manufacturing processes rely significantly on a continuous energy supply, and any increase in energy costs could impact operational efficiency as well as overall financial performance.

Objects of the Issue & Utilisation of proceeds

Capital Expenditure for Factory premises.

Capital Expenditure for purchase of machineries.

Working Capital Requirement.

General Corporate Purpose.

Company  Address

Harikanta Overseas Ltd.
28, Sairam Ind Estate, Bamroli
Surat, Gujarat, 394107
Phone: +919898682560
Email: info@harikantaoverseas.com
Website: http://www.harikantaoverseas.com/

IPO Registrar

Bigshare Services Pvt. Ltd
Phone: 022-62638200
E-mail: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/ipo_allotment.html

IPO Review

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