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
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure for Factory premises | ₹5 |
| Capital Expenditure for purchase of machineries | ₹9 |
| Working Capital Requirement | ₹5 |
| General Corporate Purpose | — |
| Metric | 30 Nov 2025 | 31 Mar 2025 | |
|---|---|---|---|
| Total Assets | 33 | 23 | — |
| Revenue | 26 | 36 | — |
| PAT | 5 | 4 | — |
| EBITDA | 7 | 7 | — |
| Net Worth | 19 | 14 | — |
| Reserves | 12 | 14 | — |
| Total Borrowing | 3 | 14 | — |
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 21.33 | 54,000 | 1,152,000 | ₹52 Cr |
| NII / HNI | 0.70 | 1,240,800 | 862,800 | ₹1,191 Cr |
| Retail (RII) | 0.66 | 1,240,800 | 816,000 | ₹1,191 Cr |
| Market Maker | — | 134,400 | — | ₹1 Cr |
| Total | 1.12 | 2,535,600 | 2,830,800 | ₹2,434 Cr |
* Amount calculated at upper price band (₹96) · ** Total includes all investor categories
- 1 Initiation of Refund 01 Jun 2026
- 2 Credit of Shares to Demat 01 Jun 2026
- The IPO P/E of 12x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹6 compares to post-issue EPS of ₹8 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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