Harikanta Overseas Ltd Share Price

Harikanta Overseas Limited was originally incorporated as Harikanta Overseas Private Limited, a Private Limited Company, dated October 22, 2018 with the Registrar of Companies, Central Registration Centre. Subsequently, Company was converted from a private Company to Public Company and consequently, the name of the Company was changed to Harikanta Overseas Limited w.e.f. February 22, 2025.Company has evolved into a diversified manufacturer of textile products while strengthening its domestic presence through its associate concerns. Company is engaged in the manufacturing of Synthetic textile fabrics. The product includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. It primarily cater fabric to womens wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for mens kurtas. Although fabrics have multiple end uses, the majority of them are utilized in the manufacturing of different types of sarees.With the objective of broadening business horizons and accessing international markets, the Promoters incorporated Harikanta Overseas Private Limited on October 22, 2018. This marked a milestone in their entrepreneurial journey, creating a platform for global trade. The Company commenced exports of products such as Ikat fabrics and Dhupion fabrics, which expanded its customer base beyond India. With the objective of supplying products to overseas customers, Company has set up a manufacturing unit at Surat, Gujarat.During the initial periods, Company marketed its products through merchant exporters. With growing expertise and increasing international demand, it gradually started focusing into 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 domestic front, Company diversified the business to other key markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab and Rajasthan. In addition to its existing portfolio of Ikat fabrics and Dhupion fabrics, it commenced the production of polyester garment fabrics, saree fabrics, poly linen, and natural fiber fabrics. This diversification in manufacturing began from September 2024 25, enabling the Company to cater to a broader market base.Company has filed a Draft Red Herring Prospectus with SEBI and is planning a fresh issue of 26,75,000 equity shares of face value Rs 10 per equity by way of IPO.