The Harikanta Overseas IPO is the public issue of Harikanta Overseas Limited, a company engaged in the textile manufacturing business. Through this SME IPO, the company aims to raise funds to support its business operations, strengthen working capital, expand manufacturing capabilities, and meet general corporate requirements.
Harikanta Overseas Limited operates in the textile sector and is involved in manufacturing and supplying different types of fabrics. The company focuses on producing synthetic and blended textile products that are used for garment manufacturing and other textile applications.
The Indian textile industry is one of the largest employment-generating sectors and plays an important role in domestic manufacturing and exports. Rising demand for apparel products, increasing consumption, growth in organised textile businesses, and export opportunities provide growth potential for companies operating in this segment.
The company focuses on maintaining product quality, improving production efficiency, managing customer relationships, and expanding its market presence. The IPO proceeds are planned to be utilised for business requirements, working capital needs, and other purposes mentioned in the offer document.
The Harikanta Overseas IPO provides investors an opportunity to participate in a textile manufacturing company operating in a competitive industry. However, investors should carefully analyse the company’s financial performance, business model, industry conditions, valuation, growth prospects, and risk factors before making any investment decision.
This detailed Harikanta Overseas IPO review covers IPO details, important dates, reservation, lot size, promoter holding, GMP, subscription status, allotment status, listing performance, company overview, business model, financial information, objectives of the issue, strengths, risks, registrar details, and FAQs.
Harikanta Overseas IPO Details
| Harikanta Overseas IPO Details | Information |
|---|---|
| IPO Name | Harikanta Overseas IPO |
| Company Name | Harikanta Overseas Limited |
| IPO Status | Listed |
| IPO Type | Book Building Issue |
| Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹91 Per Share |
| Issue Size | ₹24.30 Crore |
| Fresh Issue | 26,70,000 Equity Shares |
| Offer for Sale | Nil |
| Total Shares Offered | 26,70,000 Equity Shares |
| IPO Open Date | 20 May 2026 |
| IPO Close Date | 27 May 2026 |
| Basis of Allotment | 28 May 2026 |
| Refund Initiation | 29 May 2026 |
| Shares Credited to Demat | 29 May 2026 |
| Listing Date | 2 June 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,200 Shares |
| Minimum Investment | ₹1,09,200 |
| Registrar | To be Updated |
The Harikanta Overseas IPO consists of a fresh issue of equity shares through which the company will receive the funds raised from investors. There is no offer for sale component in the issue, meaning existing shareholders are not selling shares through the public offering.
The proceeds from the issue are intended to support the company’s operational requirements, improve financial flexibility, and assist in achieving its future business objectives.
After the completion of the IPO subscription process, the allotment was carried out according to the applicable SME IPO regulations. Successful applicants received shares in their demat accounts before listing, while refunds were processed for unsuccessful applicants.
Harikanta Overseas Limited operates in the textile manufacturing industry, where factors such as raw material availability, production efficiency, product quality, pricing, customer relationships, and market demand influence business performance. Investors should evaluate these factors along with the company’s financial position and future plans before investing in the IPO.
Harikanta Overseas IPO Dates & Timeline
The Harikanta Overseas IPO followed the standard SME IPO process, starting with the opening of the subscription window and ending with the listing of equity shares on the BSE SME platform. After the issue closure, the registrar completed the allotment process, initiated refunds for unsuccessful applicants, and credited shares to successful investors before listing.
| Event | Date |
|---|---|
| IPO Opening Date | 20 May 2026 |
| IPO Closing Date | 27 May 2026 |
| Basis of Allotment | 28 May 2026 |
| Refund Initiation | 29 May 2026 |
| Shares Credited to Demat Account | 29 May 2026 |
| Listing Date | 2 June 2026 |
| Listing Exchange | BSE SME |
Investors who received allotment were able to see their shares in their demat accounts before the listing date, while refunds were processed for applicants who were not allotted shares.
Harikanta Overseas IPO Reservation
The Harikanta Overseas IPO share allocation was structured according to SME IPO guidelines. The issue provided participation opportunities for different investor categories along with a market maker portion to support liquidity after listing.
| Investor Category | Shares Reserved |
|---|---|
| Non-Institutional Investors (NII) | 50% |
| Retail Individual Investors (RII) | 50% |
| Market Maker | As per applicable norms |
| Total Issue Size | 26,70,000 Equity Shares |
The reservation structure enabled participation from retail and non-institutional investors while ensuring market maker support for maintaining trading liquidity after listing.
Harikanta Overseas IPO Lot Size
The lot size determines the minimum number of shares investors could apply for in the IPO. Based on the issue price of ₹91 per share, investors were required to apply for shares in multiples of the specified lot size.
| Application Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,200 | ₹1,09,200 |
| Retail Maximum | 1 | 1,200 | ₹1,09,200 |
| HNI/NII Minimum | 2 | 2,400 | ₹2,18,400 |
Investors applying above the retail category limit were considered under the Non-Institutional Investor category as per IPO regulations.
Harikanta Overseas IPO Promoter Holding
The promoters of Harikanta Overseas Limited held a significant stake before the IPO. After the fresh issue of equity shares, promoter ownership changed due to dilution arising from the public issue.
| Particulars | Details |
|---|---|
| Promoter Holding Before IPO | 99.99% |
| Promoter Holding After IPO | 73.50% |
The promoters continued to retain a controlling stake after the IPO, allowing them to remain involved in business decisions and future growth strategies.
Harikanta Overseas IPO GMP
Grey Market Premium (GMP) represents the unofficial premium or discount at which IPO shares are traded before their listing on the stock exchange. Since GMP transactions are not regulated, it should only be considered as an indication of market sentiment.
The GMP trend of Harikanta Overseas IPO reflected investor expectations before listing. However, GMP alone should not be considered a measure of IPO performance. Investors should focus on company fundamentals, financial performance, valuation, industry outlook, and long-term growth opportunities.
Harikanta Overseas IPO Subscription Status
The Harikanta Overseas IPO received participation from investors across different categories during the bidding period. The issue received an overall subscription of 1.11 times, reflecting the demand generated among investors during the IPO process.
| Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 21.33x |
| Non-Institutional Investors (NII) | 0.73x |
| Retail Individual Investors (RII) | 0.66x |
| Total Subscription | 1.11x |
The subscription data shows strong interest from Qualified Institutional Buyers, while participation from Retail and Non-Institutional Investor categories was comparatively lower. The overall response reflects the demand received by the company during the issue period.
Investors should not consider subscription figures alone while evaluating an IPO. Other factors such as the company’s financial performance, business model, industry outlook, valuation, competitive position, and future growth plans should also be analysed before making an investment decision.
Harikanta Overseas IPO Allotment Status
The allotment process for the Harikanta Overseas IPO was completed after the closure of the subscription period. The registrar finalised the basis of allotment after reviewing all valid applications received during the IPO bidding process.
Investors could check their Harikanta Overseas IPO allotment status through the registrar’s official website by entering details such as PAN number, application number, or DP/Client ID. Successful applicants received shares in their demat accounts before the listing date, while refunds were processed for applicants who were not allotted shares.
Harikanta Overseas IPO Listing Performance
The equity shares of Harikanta Overseas Limited were listed on the BSE SME platform after completion of the IPO process. The listing performance reflects the initial market response and investor sentiment towards the company’s public issue.
| Particulars | Details |
|---|---|
| Issue Price | ₹91 Per Share |
| Listing Price | ₹95.55 Per Share |
| Listing Gain | ₹4.55 Per Share |
| Listing Gain (%) | 5.00% |
| Closing Price on Listing Day | ₹95.55 Per Share |
The shares of Harikanta Overseas Limited made a positive debut on the stock exchange by listing above the issue price. The listing gain reflected the initial response from investors after the completion of the IPO process.
About Harikanta Overseas Limited
Harikanta Overseas Limited is engaged in the textile manufacturing business and focuses on producing and supplying different types of fabrics for various textile applications. The company operates in the synthetic and blended fabric segment, catering to the requirements of garment manufacturers, traders, and other customers.
The company’s product portfolio includes different varieties of fabrics used in apparel and textile-related applications. Harikanta Overseas focuses on maintaining product quality, meeting customer requirements, and improving operational efficiency through its manufacturing activities.
The textile industry in India provides significant growth opportunities due to increasing domestic consumption, export potential, and rising demand for apparel and fabric products. The company aims to strengthen its business position by improving production capabilities, expanding customer reach, and enhancing operational performance.
Harikanta Overseas Limited follows a customer-oriented approach by focusing on timely delivery, quality standards, and competitive pricing. The company continues to explore opportunities to expand its presence in the textile market while adapting to changing industry requirements.
Business Model
Harikanta Overseas Limited follows a textile manufacturing and supply-based business model focused on producing and distributing fabric products for customers in the textile and garment industry.
The major components of the company’s business model include:
- Fabric Manufacturing – The company manufactures synthetic and blended fabrics used in garment and textile applications.
- Product Development – The company focuses on developing fabric varieties according to customer requirements and market demand.
- Quality Management – Maintaining consistent product quality and meeting customer specifications are important aspects of its operations.
- Customer Network – The company supplies products to textile traders, garment manufacturers, and other customers through established business relationships.
- Production Efficiency – Improving manufacturing processes and operational efficiency helps the company manage costs and meet customer requirements.
- Market Expansion – The company aims to increase its customer base and strengthen its presence in the textile sector.
The company’s future growth strategy focuses on expanding manufacturing capabilities, improving product offerings, increasing market reach, and strengthening its position in India’s competitive textile industry.
Product Portfolio
Harikanta Overseas Limited offers a range of textile products manufactured for use in garment production and other textile applications. The company focuses on producing quality fabrics that meet the requirements of customers in the textile and apparel industry.
The major product categories of the company include:
- Synthetic Fabrics – Fabrics made using synthetic fibres and used in various apparel and textile applications.
- Blended Fabrics – Textile materials developed by combining different fibres to provide desired characteristics such as durability and comfort.
- Polyester Fabrics – Fabrics widely used in garment manufacturing due to their strength, flexibility, and cost efficiency.
- Ikat Fabrics – Specialised textile products featuring traditional patterns and designs used in clothing and fashion applications.
- Dhupion Fabrics – Decorative and textured fabrics used in various apparel and textile products.
- Poly Linen Fabrics – Fabric varieties combining polyester and linen characteristics for different textile requirements.
The company focuses on maintaining product quality, improving product variety, and developing fabrics according to customer preferences and market demand.
Industry Overview
India’s textile industry is one of the largest sectors contributing to manufacturing, employment generation, and exports. The industry includes various segments such as fibre production, yarn manufacturing, fabric processing, apparel manufacturing, and textile exports.
The sector continues to receive support from increasing domestic consumption, rising demand for apparel products, government initiatives, and growing opportunities in international markets. India’s strong textile ecosystem, skilled workforce, and established manufacturing capabilities provide growth opportunities for companies operating in this industry.
The demand for synthetic and blended fabrics has increased due to their wide applications in apparel, fashion, home textiles, and industrial uses. Changing consumer preferences, growth of organised retail, and expansion of online fashion platforms have further supported the development of the textile market.
However, the textile industry faces challenges such as fluctuations in raw material prices, changing fashion trends, competition from domestic and international manufacturers, export market conditions, and increasing operational costs. Companies with efficient production systems, quality products, strong customer relationships, and effective cost management are better positioned for sustainable growth.
With continued demand for textile products and India’s growing role in global textile manufacturing, the industry offers opportunities for companies that can improve efficiency, expand product offerings, and adapt to changing market requirements.
Harikanta Overseas IPO Financial Information
The financial performance of Harikanta Overseas Limited provides insights into the company’s revenue growth, profitability, asset position, and overall financial performance during the reported financial years. Analysing financial statements helps investors understand the company’s operational efficiency and business growth.
The financial information below is based on the company’s restated financial statements provided in the offer document.
Statement of Assets, Liabilities and Equity
| Particulars (₹ in Lakhs) | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Total Assets | 2,324.62 | 2,015.84 | 1,642.73 |
| Total Liabilities | 1,521.48 | 1,372.96 | 1,198.42 |
| Total Equity (Net Worth) | 803.14 | 642.88 | 444.31 |
The balance sheet reflects the company’s financial position during the reported years. Growth in assets and equity indicates the company’s efforts towards strengthening its operational base and supporting business activities.
Statement of Profit and Loss
| Particulars (₹ in Lakhs) | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue from Operations | 4,862.35 | 3,941.62 | 3,214.78 |
| EBITDA | 438.52 | 346.84 | 278.46 |
| Profit Before Tax (PBT) | 286.74 | 221.36 | 172.58 |
| Profit After Tax (PAT) | 211.48 | 163.72 | 127.24 |
The company’s financial performance shows improvement in revenue and profitability over the reported period. The growth in earnings reflects expansion in business operations and improved operational performance.
Harikanta Overseas IPO Key Financial Ratios
| Ratio | FY2025 |
|---|---|
| EBITDA Margin | 9.02% |
| PAT Margin | 4.35% |
| Return on Equity (ROE) | 26.33% |
| Return on Capital Employed (ROCE) | 18.94% |
| Debt to Equity Ratio | 1.89 |
| Earnings Per Share (EPS) (₹) | 12.82 |
| Net Asset Value (NAV) (₹) | 48.67 |
The above financial ratios provide an overview of the company’s profitability, capital efficiency, leverage position, and shareholder returns. Investors should evaluate these financial indicators along with business performance, valuation, industry conditions, and future growth plans before making an investment decision.
Harikanta Overseas IPO Objects of the Issue
The Harikanta Overseas IPO has been launched to raise funds for strengthening the company’s business operations, supporting expansion plans, and meeting various corporate requirements. The proceeds from the issue are proposed to be utilised for the objectives mentioned in the offer document.
The key objectives of the issue include:
- Working Capital Requirements – A portion of the IPO proceeds will be used to meet the company’s working capital needs, including procurement of raw materials, inventory management, and regular operational expenses.
- Purchase of Plant and Machinery – The company intends to utilise part of the funds towards acquiring equipment and machinery to improve manufacturing capabilities and support operational growth.
- Expansion and Business Development – The proceeds will help the company strengthen its manufacturing operations, improve production efficiency, and expand its business activities.
- General Corporate Purposes – A part of the funds will be allocated towards general business requirements, administrative expenses, and other corporate initiatives.
- Issue Related Expenses – The company will use a portion of the IPO proceeds to meet expenses associated with the public issue process.
The effective utilisation of IPO funds is expected to improve operational efficiency, strengthen financial flexibility, and support Harikanta Overseas Limited’s long-term growth plans in the textile industry.
Harikanta Overseas IPO Strengths
Harikanta Overseas Limited operates in the textile manufacturing sector with a focus on fabric production, customer relationships, and operational improvement. The key strengths of the company include:
- Presence in Textile Manufacturing Industry – The company operates in a well-established sector with demand from apparel manufacturers, traders, and other textile businesses.
- Diverse Fabric Portfolio – The company offers various types of fabrics, including synthetic, blended, polyester, and specialised textile products, helping it cater to different customer requirements.
- Growing Textile Market Opportunities – Increasing demand for apparel, fashion products, and textile materials provides growth opportunities for manufacturers.
- Focus on Product Quality – Maintaining quality standards and meeting customer specifications helps the company build long-term business relationships.
- Experienced Promoters and Management – The promoters and management team possess industry knowledge and operational experience to manage business activities.
- Customer Relationship Network – Established relationships with customers in the textile sector support business continuity and growth.
- Expansion Opportunities – Improvement in manufacturing capabilities and wider market reach can support future business growth.
- Operational Flexibility – The company’s focus on product variety allows it to respond to changing market requirements.
Harikanta Overseas IPO Risk Factors
Investors should carefully evaluate the following risks associated with Harikanta Overseas Limited before making an investment decision:
- Raw Material Price Fluctuation – Changes in prices of textile raw materials such as fibres and yarn may impact production costs and profit margins.
- High Competition – The textile industry includes several organised and unorganised players, creating competitive pressure on pricing and margins.
- Dependence on Textile Industry Conditions – Any slowdown in apparel demand, exports, or textile market conditions may affect business performance.
- Working Capital Requirements – Textile manufacturing requires continuous working capital for inventory, production, and customer credit cycles.
- Customer Concentration Risk – Dependence on specific customers or markets may impact revenue if business relationships change.
- Technology and Manufacturing Risks – Maintaining efficient production processes and upgrading machinery are important for remaining competitive.
- Economic and Market Risks – Changes in economic conditions, demand cycles, and industry trends may affect growth prospects.
- SME Listing Risks – Shares listed on the SME platform may experience lower liquidity and higher volatility compared to companies listed on the main board.
Harikanta Overseas IPO Registrar Details
The registrar manages IPO-related activities including processing applications, finalising allotment, handling refunds, crediting shares to investors’ demat accounts, and resolving investor queries.
| Particulars | Details |
|---|---|
| Registrar | Bigshare Services Private Limited |
| Website | https://www.bigshareonline.com |
| [email protected] | |
| Investor Helpline | +91-22-6263 8200 |
Investors can contact the registrar for queries related to IPO applications, allotment status, refunds, demat credit, and other issue-related services.
Harikanta Overseas IPO Conclusion
The Harikanta Overseas IPO provides investors an opportunity to participate in a company operating in India’s textile manufacturing sector. The company focuses on fabric production, product diversification, customer relationships, and operational improvement to strengthen its business position.
The funds raised through the IPO are expected to support working capital requirements, manufacturing expansion, purchase of machinery, and other corporate purposes. These initiatives may help the company improve operational capacity and support future growth.
However, investors should consider various risks including raw material price fluctuations, industry competition, working capital requirements, customer dependence, and SME market-related risks before making an investment decision.
Overall, the Harikanta Overseas IPO should be evaluated based on the company’s financial performance, valuation, business strategy, industry outlook, growth opportunities, and risks disclosed in the offer document.
Harikanta Overseas IPO FAQs
What is the Harikanta Overseas IPO?
The Harikanta Overseas IPO is a SME public issue through which Harikanta Overseas Limited raised funds for business expansion, working capital requirements, machinery purchase, and other corporate purposes.
What was the issue price of the Harikanta Overseas IPO?
The issue price of the Harikanta Overseas IPO was ₹91 per equity share.
What was the minimum lot size for the Harikanta Overseas IPO?
The minimum application size was 1,200 equity shares, requiring an investment of ₹1,09,200.
On which stock exchange are Harikanta Overseas shares listed?
The equity shares of Harikanta Overseas Limited are listed on the BSE SME platform.
Who was the registrar for the Harikanta Overseas IPO?
Bigshare Services Private Limited was the registrar for the Harikanta Overseas IPO.
What were the objectives of the Harikanta Overseas IPO?
The IPO proceeds were proposed to be utilised for working capital requirements, purchase of plant and machinery, business expansion, general corporate purposes, and issue-related expenses.
What are the major risks associated with the Harikanta Overseas IPO?
Key risks include raw material price fluctuations, competition in the textile industry, dependence on market conditions, working capital requirements, customer concentration, and SME listing-related risks.
Should investors consider investing in the Harikanta Overseas IPO?
Investors should analyse the company’s financial performance, valuation, business model, industry outlook, growth prospects, and risk factors before making any investment decision.
