Issue Price
₹96
Per Share
GMP
NIL
Grey Market
Est. Listing
₹96
Expected Price
Min. Application
₹230,400
2 lots × 1200 shares
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 StrengthsQuality ProductsEfficient production processCustomization and flexibilityGlobal Reach and Export CapabilityRange of Products
Harikanta Overseas Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 54,000 | — | ₹0.52 Cr | 21.33x |
| NII / HNI | 1,240,800 | — | ₹11.91 Cr | 0.70x |
| Retail (RII) | 1,240,800 | — | ₹11.91 Cr | 0.66x |
| Market Maker | 134,400 | — | ₹1.29 Cr | — |
| TOTAL | 2,535,600 | 100.00% | ₹24.34 Cr | 1.12x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹115,200 |
| Retail (Max) | 13 | 15,600 | ₹1,497,600 |
| sNII (Min) | 14 | 16,800 | ₹1,612,800 |
| bNII (Min) | 68 | 81,600 | ₹7,833,600 |
| Particulars | 30 Nov 2025 | 31 Mar 2025 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | 26.28 | 35.50 | N/A |
| EBITDA | 7.35 | 6.72 | N/A |
| Profit After Tax (PAT) | 5.09 | 4.47 | N/A |
| Net Worth | 18.77 | 13.79 | N/A |
| Total Assets | 32.51 | 23.12 | N/A |
| Reserves & Surplus | 11.68 | 13.79 | N/A |
| Total Borrowings | 2.87 | 13.79 | N/A |