Harikanta Overseas Ltd IPO is an upcoming BSE SME offering from a Surat-based synthetic textile manufacturer entering the capital markets to fund working capital requirements and accelerate growth. He…
Harikanta Overseas Ltd IPO is an upcoming BSE SME offering from a Surat-based synthetic textile manufacturer entering the capital markets to fund working capital requirements and accelerate growth. Here is a complete overview of all key details.
IPO Details
DetailInformationIssue Size₹25.63 CroreIssue TypeBook Built Issue (100% Fresh Issue)Price Band₹91 – ₹96 per shareFace Value₹10 per shareLot Size1,200 sharesMin. Investment (Retail)₹2,30,400 (2,400 shares)Listing PlatformBSE SMETentative Listing DateMay 27, 2026Allotment DateMay 25, 2026RegistrarBigshare Services Pvt. Ltd.Lead Manager (BRLM)Interactive Financial Services Ltd.Market MakerAftertrade Broking Pvt. Ltd.
About the Company
Established in 2018, Harikanta Overseas Limited is a Surat-based textile manufacturing company specialising in synthetic and artificial textile fabrics. The company manufactures a wide range of products including saree fabrics, polyester garment fabrics, dhupion fabrics, poly linen, and Ikat fabrics, primarily catering to the women's ethnic wear and garment markets.
The company operates a manufacturing facility in Surat and also has an export-oriented presence, supplying products to international markets including Bahrain, Singapore, and Thailand. Its business model is based on sourcing, manufacturing, and supplying textile products to wholesalers, retailers, exporters, and institutional buyers.
Financial Highlights
ParticularsFY 2025Revenue₹35.50 CrProfit After Tax (PAT)₹4.47 Cr
Use of IPO Proceeds
- Working capital requirements
- General corporate purposes
- Issue-related expenses
Key Strengths
- Established manufacturing presence in Surat, India's leading textile hub
- Diversified product portfolio across saree, garment, and specialty fabrics
- International export footprint in Bahrain, Singapore, and Thailand
- 100% fresh issue — full proceeds available for business growth
Risk Factors
- Textile sector subject to raw material price volatility
- Competition from large-scale domestic and international manufacturers
- SME platform implies lower liquidity compared to mainboard companies
Issue Structure
CategoryAllocation
QIB 50%
NII / HNI 15%
Retail Investors 35%