Harikanta Overseas IPO
Market Sentiment
IPO Details
Market Lot Size
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Financial Analysis
| Metric | 2025 | Nov 2025 |
|---|---|---|
| Revenue | 35.50 | 26.28 |
| Expense | 29.30 | 19.75 |
| Profit (PAT) | 4.47 | 5.09 |
| Total Assets | 23.12 | 32.51 |
| Company | EPS | P/E |
|---|---|---|
| Betex India Limited | 13.03 | 35.61 |
| Swasti Vinayaka Synthetics Limited | 0.27 | 19.44 |
Promoters: Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 71,95,740 | 96.87% |
| Promoter Holding Post Issue | 98,70,740 | 70.66% |
Strengths & Risks
- Strong institutional (QIB) demand — 21.3x.
- Revenue grew 56% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 57%.
- Low leverage — debt/equity of 0.24.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product portfolio comprises Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics. The company mainly supplies fabrics used in women’s wear, such as sarees, dress materials, and kurtas, and also provides fabric for men’s kurtas. The company has a mission to deliver high-quality fabric solutions for both domestic and international markets by using advanced technology and sustainable manufacturing practices. In 2024, the company expanded by adding new factory premises and starting in-house yarn processing initiatives. The company has established a manufacturing facility in Surat, Gujarat, covering 953.93 sq. meters at Sai Ram Industrial Estate-2, Bamroli. It also exports its products to Bahrain, Singapore, and Thailand, while catering to major domestic markets including Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan.
Harikanta Overseas Ltd., 28, Sairam Ind Estate, Bamroli, Surat, Gujarat, 394107
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure for Factory premises | 5.40 |
| Capital Expenditure for purchase of machineries | 9.33 |
| Working Capital Requirement | 4.75 |
| General Corporate Purpose | - |
Resources & Documents
Harikanta Overseas has set a price band of Rs 91–Rs 96 per share for an issue size of Rs 26 crore. The stock listed with a 16.93% discount versus its issue price on June 02, 2026.
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. Its product portfolio comprises Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber fabrics.
The issue is promoted by Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala with Interactive Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital Expenditure for Factory premises (Rs 5 crore) and Capital Expenditure for purchase of machineries (Rs 9 crore).
On fundamentals, the company is posting revenue growth of 56.3%, a profit margin of 8.7%, return on equity of 56.7% in its most recent reported period. Listed peers in this segment include Betex India Limited (P/E 35.61x) and Swasti Vinayaka Synthetics Limited (P/E 19.44x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Harikanta Overseas IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Harikanta Overseas GMP history and trend, or learn how grey market premium works and how reliable it is.
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