Click it and Unblock the Notifications
Harikanta Overseas Ltd. IPO
IPO Timeline
-
20 May 2026Bidding Starts
-
22 May 2026Bidding Ends
-
29 May 2026Allotment Finalization
-
2 Jun 2026Listing
About Harikanta Overseas Ltd.
The Company is engaged in the manufacturing of Synthetic textile fabrics. The 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 the fabrics have multiple end uses, the majority of them are utilized in the manufacturing of different types of sarees. The origins of the business can be traced back to the Promoters’ grandfather, Mr. Harivadan Gangaram Gotawala, who laid the foundation by operating manual power looms from his residence. Over time, the enterprise was expanded by his son, Mr. Kamlesh Gotawala, who scaled up operations and established a stronger market presence. Following his untimely demise in 1997, his brother, Mr. Nilesh Gotawala, assumed responsibility for the business and continued to nurture and grow its operations.
Harikanta Overseas Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 12,26,400 (46.18%) |
| Market Makers | 1,34,400 (5.06%) |
| Non Institutional Investors | 12,40,800 (46.72%) |
| Qualified Institutional Buyers (QIBs) | 54,000 (2.03%) |
| Retail Individual Investors (RIIs) | 12,40,800 (46.72%) |
Harikanta Overseas Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 46.68 Cr | 6.45 Cr | 13.02 Cr |
| 31 Mar 2024 | 11.27 Cr | 82.29 Lakh | 1.50 Cr |
| 31 Mar 2023 | 15.06 Cr | 28.11 Lakh | 68.11 Lakh |
Harikanta Overseas Ltd. Background
-
2022The Company was incorporation as private limited company under the name “Harikanta Overseas Private Limited”.
-
2024The Company has acquired 99.99 % of total shares of “Harikanta Weaving Private Limited” as on November 13, 2024.
The company achieved ISO 9001:2015 certification; Quality Management System (QMS), for Manufacturing of Textile Fabrics.
The company achieved ISO 14001:2015 certification; Environmental Management System for Manufacturing of Textile Fabrics.
The company achieved ISO 45001:2018 certification; Occupational Health and Safety Management System for Manufacturing of Textile Fabrics.
-
2025The Company was converted into Public Limited Company under the name of “Harikanta Overseas Limited”.
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Capital Expenditure for Factory premises.
2. Capital Expenditure for purchase of machineries.
3. Working Capital Requirement.
4. General Corporate Purpose.
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 96.00 | - |
| Open | ₹ 79.75 | - |
| Low | ₹ 75.77 | - |
| High | ₹ 79.75 | - |
| Last Trade | ₹ 75.77 | - |
The Promoters of the company are Hardik Gotawala, Abhishek Gotawala, Nilesh Gotawala.
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 ... Read more
Phone no:9898682560
FAQs
When does Harikanta Overseas Ltd. IPO opens and closes?
Harikanta Overseas Ltd. IPO opens from 20th May to 22nd May 2026.What is the size of Harikanta Overseas Ltd. IPO?
The size of the Harikanta Overseas Ltd. IPO is ₹25.49 Cr.What is the price range of Harikanta Overseas Ltd. IPO?
The price range of Harikanta Overseas Ltd. IPO is at ₹91 to ₹96 per share.What is the minimum investment and lot size required for the Harikanta Overseas Ltd. IPO?
The minimum investment required is ₹1,15,200 and minimum lot size is 1200 shares.When is Harikanta Overseas Ltd. IPO listing date?
The Harikanta Overseas Ltd. IPO will be listed on 2nd June 2026.What is the objective of Harikanta Overseas Ltd. IPO?
The Company proposes to utilize the Net Proceeds from the issue towards the following objects: 1. Capital Expenditure for Factory premises.2. Capital Expenditure for purchase of machineries.
3. Working Capital Requirement.
4. General Corporate Purpose.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
Sign in with Google