Harikanta Overseas Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Harikanta Overseas Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹91
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,09,200
Issue Size
₹24.3 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
48.93%
QIB Quota
2.13%
NII Quota
48.94%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Harikanta Overseas Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.87%
Promoter Holding (Post-Issue)
70.66%
Issue Type
Book Building - SME
ISIN
INE1UYW01010
About the Company
Our Company is engaged in the manufacturing of Synthetic textile fabrics. Our product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. We primarily cater fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. Although our fabrics have multiple end uses, the majority of them are utilized in the manufacturing of different types of sarees.
Industry Overview
India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India's textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. The organised retail apparel sector is projected to achieve revenue growth of 8-10% in FY25, driven by rising demand from a normal monsoon, easing inflation, and the festive and wedding seasons. The increasing preference for affordable, trendy fashion clothing that mimics high-fashion designs is expected to be the primary revenue driver. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme.
Company History
Our Company was originally incorporated as "Harikanta Overseas Private Limited", a Private Limited Company under the provisions of the Companies Act, 2013, Pursuant to a certificate of incorporation dated October 22, 2018 Issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a Special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on January 27, 2025 our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed to "Harikanta Overseas Limited" and a fresh Certificate was issued on February 22, 2025 by the Registrar of Companies, Central Registration Centre. The Corporate Identification Number of our Company is U17299GJ2018PLC104835.
Growth Strategy
- Expansion of production capacity and Product range.
- Increase in geographical presence.
- New Product Development and Innovation.
- Efficient Supply Chain Management.
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 26,70,000 equity shares of face value of Rs.10/- each of Harikanta Overseas Limited ("HOL" or the "Company" or the "Issuer") for cash at a price of Rs. 91 per equity share including a share premium of Rs. 81 per equity share (the "Issue Price") aggregating to Rs. 24.30 ("the Issue"), of which 1,34,400 equity shares of face value of Rs.10/- each for cash at a price of Rs. 91 per equity share including a share premium of Rs. 81 per equity share aggregating to Rs. 1.22 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., Net issue of 25,35,600 equity shares of face value of Rs.10/- each at a price of Rs. 91 per equity share aggregating to Rs. 23.07 Crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.06% and 25.70% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 91/- per equity share of face value Rs. 10/- each. The floor price is 9.1 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Quality Products.
- Efficient Production Process.
- Customization and Flexibility.
- Global Reach and Export Capability.
- Range of Products.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed, purchase of equipment / machineries. In the event of any delay in placing the orders for Machineries or in the event the vendors is not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- The company business is significantly dependent on yarn and other related raw materials, and fluctuations in their prices or availability, as well as concentration of its supplier base, may adversely affect the company operations, margins, and profitability.
- The company operations is energy-intensive and any disruption in power supply or increase in energy costs may adversely affect its business and financial performance.
- Potential Exposure to Competition Despite Non-Compete Agreements with Promoter Group Entities
- Potential Conflicts of Interest Arising from Promoters' Proprietary Businesses and Their Operational Overlap with the Company.