Harikanta Overseas IPO

About Harikanta Overseas IPO

The offer consists of a fresh issue. The fresh issue will include up to 26,75,000 Equity Shares aggregating to ₹ [-] crores. The total number of shares and aggregate amount are yet to be finalised.

Harikanta Overseas price band is set at XX to XX per share. The lot size for an application is XX. The minimum amount of investment required by ……… is ₹XX (XX shares) (based on upper price). The minimum lot size investment for HNI is …….

The Harikanta Overseas IPO opens on XX and closes on YY. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Their product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. They primarily cater fabric to women’s wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas.

Objectives of Harikanta Overseas IPO

• Capital expenditure for factory premises
  
• Capital expenditure for purchase of machineries.
  
• Working capital requirement.
  
• General corporate purpose.
  

Industry Outlook

The Indian Textile and Apparel Industry is valued at over US$ 10000 crores, employing over 45 million people and accounting for 14% of the country's industrial production. India is a global leader in producing several textile products, such as being the second biggest producer of silk, cotton and Multimode Fibre (MMF). It is also a world leader in jute production, accounting for nearly 70% of global production. Additionally, based on capacity, the country has the second largest vertically integrated production base after China. This leadership position gives the country significant advantages, such as manufacturing strength across the value chain and a huge raw material base. The value chain includes weaving, spinning, garmenting and processing. The Confederation of Indian Industry (CII) expects the industry to achieve a production level of US$ 25000 crores by FY25, rising at a Compounded Annual Growth Rate (CAGR) of 12% between FY22 and FY25. In terms of exports, the CII expects industry exports to increase at a CAGR of 15% and reach US$ 18500 crores by FY25. The growth in the industry will maximise value creation and employment generation and boost investment of approximately US$ 18000 crores in the industry.

Harikanta Overseas Company Information

Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. While their fabrics have multiple end uses, the majority of them are utilized in the manufacturing of different types of sarees. Today, under the vision and combined experience of Mr. Hardik Gotawala, Mr. Abhishek Gotawala, and Mr. Nilesh Gotawala, the Company has evolved into a diversified manufacturer of textile products while strengthening its domestic presence through its associate concerns. With the objective of supplying products to overseas customers, they have set up a manufacturing unit at Surat, Gujarat.

Strengths of Harikanta Overseas

• Quality products with a focus on high-quality fabrics.
• Efficient production process.
• Customization and flexibility.
• Global reach and export capability.
• Range of products.

Risks of Harikanta Overseas

• Significantly dependent on yarn and other related raw materials.
• Operations are energy-intensive.
• Dependent on third party transportation service providers for delivery of raw materials to the company and delivery of finished products to the customers and business associates.
• Business is seasonal in nature.
• Risk of order cancellations or delayed payments from buyers.

Amount taken from Restated Consolidated Financials as on March 31, 2025

Source: www.bseindia.com

Notes: 1. Considering the nature and size of the business of Harikanta Overseas, the peers are not strictly comparable. However, above company is included for broad comparison.

2. The figures for Harikanta Overseas are based on the restated consolidated financial statements for the year ended March 31, 2025.

3. The figures are based on the Audited Standalone financial statements for the year ended March 31, 2025 of Betex India Limited and Swasti Vinayaka Synthetics Limited from the Annual reports of the Companies available from the website of the Stock Exchange and website of the Companies.

4. CMP of the peer group is as per the closing price as available on www.bseindia.com

5. P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on September 19, 2025 sourced from the website of Stock Exchange as divided by the Basic/diluted EPS as applicable.

Anchor Investor Bidding Date :TBA

Registrar: Bigshare Services Private Limited
Book Running Lead Manager: Interactive Financial Services Limited

Harikanta Overseas Business Model

The company earns its revenue through manufacturing of synthetic textile fabrics.

Harikanta Overseas Growth Trajectory

According to Restated Consolidated Data, as of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹35.504 crores, ₹4.468 crores, and ₹6.719 crores, respectively.

Harikanta Overseas Market Position

In its early years, the Company marketed its products through merchant exporters. With growing expertise and increasing international demand, it gradually started focusing on direct exports as well, establishing itself as a recognized player in the textile export market.

The Company initially supplied products to Cambodia and the domestic market in Surat. Over time, its export network expanded to include Bahrain, Singapore, and Thailand, while on the domestic front, the Company extended its presence to other key markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab and Rajasthan. At present, they cater to domestic markets as well as international markets.

How to apply for Harikanta Overseas IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.