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 February 28, 2026, the company has 111 permanent employees.
Competitive Strengths
| Period Ended | 30 Nov 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 32.51 | 23.12 |
| Total Income | 26.28 | 35.50 |
| Profit After Tax | 5.09 | 4.47 |
| EBITDA | 7.35 | 6.72 |
| NET Worth | 18.77 | 13.79 |
| Reserves and Surplus | 11.68 | 6.59 |
| Total Borrowing | 2.87 | 3.26 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Factory premises | 5.40 |
| 2 | Capital Expenditure for purchase of machineries | 9.33 |
| 3 | Working Capital Requirement | 4.75 |
| 4 | General Corporate Purpose |
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 31.15% | 56.72% |
| ROCE | 31.99% | 37.56% |
| Debt/Equity | 0.15 | 0.24 |
| RoNW | 27.10% | 32.41% |
| PAT Margin | 19.50% | 12.70% |
| EBITDA Margin | 27.97% | 18.92% |
| Price to Book Value | 3.68 | 5.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.21 | 7.73 |
| P/E (x) | 15.46 | 12.42 |
| IPO Date | 20 to 22 May, 2026 |
| Listing Date | Wed, May 27, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,70,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,34,400 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,35,600 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 25,35,600 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 71,95,740 shares |
| Share Holding Post Issue | 98,65,740 shares |
Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala are the company promoters.
| Share Holding Pre Issue | 96.87% |
| Share Holding Post Issue | 70.66% |
As per our analysis and Based on the information we have, this is the output.
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