Harikanta Overseas Ltd.
HARIKANTASME
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Overview
Harikanta Overseas Limited is a Surat-based manufacturer of synthetic textile fabrics focused on women’s wear and saree-related applications. Harikanta Overseas Limited produces Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen and natural fiber fabrics, and also undertakes finishing, packaging and quality checks on outsourced production when needed. Harikanta Overseas Limited has evolved from a family-run weaving business into an export-oriented textile company serving domestic markets and overseas customers in Cambodia, Thailand, Bahrain and Singapore, supported by its manufacturing unit in Surat and its subsidiary Harikanta Weaving Private Limited.
Opening Date
May 20, 2026
Closing Date
May 22, 2026
Listing Date
May 27, 2026
IPO Type
SME
IPO Status
Open
Issue Size
—
Fresh Issue
25.63 Cr
Offer for Sale
0 Cr
Price Band
₹91 - ₹96
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to support Harikanta Overseas Limited’s manufacturing expansion and strengthen its operating capacity.
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Funding capital expenditure for factory premises, including construction of an expanded manufacturing facility at Diamond Industrial Park, Sachin, Surat, to create additional production floors for airjet looms, rapier jacquard machines, finishing operations, yarn storage, inspection and packing activities.
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Funding capital expenditure for plant and machineries to expand fabric manufacturing capacity, improve operational efficiency and support the company’s broader product portfolio across Ikat fabrics, garment fabrics, saree fabrics, natural fiber fabrics and related textile offerings.
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Meeting working capital requirements to support higher inventory, receivables and day-to-day operating needs arising from increased production scale, customer servicing, export operations and broader domestic market presence.
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Supporting general corporate purposes, which may include business exigencies, administrative requirements, operational strengthening and other approved corporate needs within the regulatory limits applicable to IPO proceeds usage.
Key Performance Indicator
P/E Ratio
15.46
EPS
6.21
ROE
31.15%
ROCE
31.99%
RONW
27.1%
Debt to Equity Ratio
—
PAT Margin
19.5%
EBITDA Margin
27.97%
P/B
3.68
SWOT Analysis
Strengths
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Diverse textile product portfolio spanning Ikat, dhupion, saree, garment, poly linen and natural fiber fabrics.
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Established export presence with meaningful revenue from Cambodia, Thailand, Bahrain and Singapore markets.
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Promoter-led business with multi-generational textile experience and direct involvement in operations.
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Improving scale and profitability supported by manufacturing expansion and subsidiary-backed execution capacity.
Weaknesses
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Revenue concentration among a limited number of customers increases dependence on key buyers.
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Operations rely on leased registered office and factory premises, including properties linked to promoters.
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Dependence on third-party transporters and external processors can affect delivery timelines and cost control.
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No disclosed hedging arrangements leave export-linked business exposed to currency volatility risks.
Opportunities
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IPO-funded expansion of factory premises and machinery can materially raise production capacity.
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In-house yarn processing and broader product development may improve cost control and product consistency.
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Growing domestic and export demand for Indian textiles offers room to widen geographic reach.
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Addition of nylon fabrics and increased natural fiber output can diversify revenue mix and customer segments.
Threats
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Intense competition from organized and unorganized textile players may pressure pricing and margins.
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Power supply disruptions or tariff increases could impair manufacturing efficiency and profitability.
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Order cancellations or delayed buyer payments can strain working capital and liquidity.
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Regulatory, labor, permit renewal and environmental compliance requirements may increase operational risk and cost.
Subscription Rate
Frequently Asked Questions about Harikanta Overseas Ltd.
Harikanta Overseas Limited is a Surat-based manufacturer of synthetic textile fabrics focused on women’s wear and saree-related applications. Harikanta Overseas Limited produces Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen and natural fiber fabrics, and also undertakes finishing, packaging and quality checks on outsourced production when needed. Harikanta Overseas Limited has evolved from a family-run weaving business into an export-oriented textile company serving domestic markets and overseas customers in Cambodia, Thailand, Bahrain and Singapore, supported by its manufacturing unit in Surat and its subsidiary Harikanta Weaving Private Limited.
The Harikanta Overseas Ltd. IPO is scheduled to open for subscription on May 20, 2026 and close on May 22, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Harikanta Overseas Ltd. IPO is ₹91 to ₹96. Investors can place bids within this range once the issue opens.
The minimum lot size for the Harikanta Overseas Ltd. IPO is 1200 shares. The minimum investment amount ₹1,15,200.
The total issue size of the Harikanta Overseas Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Harikanta Overseas Ltd. IPO has been subscribed 0.07 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Harikanta Overseas Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Harikanta Overseas Ltd. are expected to list on stock exchanges on May 27, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Harikanta Overseas Ltd. IPO are proposed to be used for The main objectives of the issue are to support Harikanta Overseas Limited’s manufacturing expansion and strengthen its operating capacity., Funding capital expenditure for factory premises, including construction of an expanded manufacturing facility at Diamond Industrial Park, Sachin, Surat, to create additional production floors for airjet looms, rapier jacquard machines, finishing operations, yarn storage, inspection and packing activities., Funding capital expenditure for plant and machineries to expand fabric manufacturing capacity, improve operational efficiency and support the company’s broader product portfolio across Ikat fabrics, garment fabrics, saree fabrics, natural fiber fabrics and related textile offerings., Meeting working capital requirements to support higher inventory, receivables and day-to-day operating needs arising from increased production scale, customer servicing, export operations and broader domestic market presence., Supporting general corporate purposes, which may include business exigencies, administrative requirements, operational strengthening and other approved corporate needs within the regulatory limits applicable to IPO proceeds usage.
Before applying for the Harikanta Overseas Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
