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InvestmentsIPOHarikanta Overseas IPO

Harikanta Overseas IPO

SME

Open Date

20 May 2026

Close Date

22 May 2026

Min Investment

₹ 2,30,400

Lot Size

1,200

Issue Size

₹ 25.63 Cr

Price Range

₹ 91 - ₹ 96

Subscribed

-
Pre-Apply Now
status

This IPO is Open for Pre Apply.

IPO Timeline
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IPO Offer Start
20 May 2026
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IPO Offer Ends
22 May 2026
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Allotment Finalisation
25 May 2026
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Refund Initialisation
26 May 2026
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Non-Institutional Buyers (sHNI)
26 May 2026
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Listing of Shares
27 May 2026
IPO Subscription Details as on 20 May 2026, 09:22 AM

No Subcription Details for this IPO

IPO subscription details, if any,
will appear here

Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is engaged in the manufacturing of textile fabrics through integrated processes that convert raw yarn into finished fabrics. The company produces a variety of products including Ikat fabrics, polyester garment fabrics, sarees that combine traditional craftsmanship with modern aesthetics, Dhupion fabric ideal for men's kurtas, and both poly linen and natural fiber options. The company operates manufacturing units in Surat, Gujarat and utilizes advanced machinery including Jacquard Rapier Looms to produce fabrics for both domestic and international markets.
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Founded In

2018

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CEO

Vijay Jariwala

Financials of Harikanta Overseas IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue14.9011.1135.17
Other Income0.160.160.33
Total Income
15.0611.2735.50
Total Expenses
14.7210.1529.30
Profit Before Tax0.341.126.21
Total Profit
0.250.824.47

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company plans to acquire high-speed shuttleless rapier looms and air jet machines to enhance production efficiency, improve fabric consistency, and meet stringent quality standards required for international markets.9
The company requires additional working capital to fund its growth, considering the significant increase in turnover and expansion plans for enhanced production capacity.5
The company proposes to deploy the balance net proceeds towards general corporate purposes including financing working capital requirements, capital expenditure, acquiring business premises, and meeting exigencies.-
The company plans to invest in Factory's Premises5
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  • Diverse Product Portfolio: The company produces a variety of textile products including sarees, Dhupion fabric for men's kurtas, and poly linen with natural fabric options, catering to diverse customer preferences and sustainability goals.
  • Advanced Manufacturing Technology: The company has invested in modern Jacquard Rapier Looms and Rapier Machines, enabling improved weaving speed, reduced wastage, and precision in fabric design while increasing production capacity.
  • Strong Production Capacity: The company operates with high capacity utilization rates of 92.57% in FY 2025, demonstrating efficient use of manufacturing resources across multiple product lines.
  • Experienced Leadership: Promoters Hardik Gotawala and Abhishek Gotawala have over a decade of experience in the textile industry, strengthening client relationships and contributing to customer base growth.
  • Quality Control Systems: The company maintains comprehensive quality inspection processes including GSM checking, measurement verification, and final quality checks to ensure adherence to customer requirements and industry standards.
  • Strategic Location Advantage: Manufacturing facilities located in Surat, Gujarat provide access to readily available raw materials in the local market, eliminating the need for long-term supply agreements.
  • Strong Customer Base: The company maintains long-term customer relationships with top 10 customers contributing 83.31% of revenue (₹2086.08 lakhs) as of November 2025.
  • Skilled Workforce: The company employs 111 permanent employees including skilled and semi-skilled labor with no history of strikes or labor disputes, maintaining cordial employee relationships.

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