Harikanta Overseas IPO

Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. The company offers different types of products including Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company primarily caters fabric to women’s wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men’s kurtas. Although their fabrics have multiple end uses, the majority of them are utilised in the manufacturing of different types of sarees. The company exports products such as Ikat fabrics and dhupion fabrics, which not only reinforced its market presence but also expanded its customer base beyond India.

The company has a manufacturing unit at Surat, Gujarat and it is spread across 953.93 sq. mtrs. In early years, the company marketed its products through merchant exporters. It gradually started focusing on direct exports as well, establishing itself as a player in the textile export market with expertise and increasing international demand. It 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, it extended presence to other key markets such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab and Rajasthan. The domestic sale accounted for 55.39 % and International sale was 42.00% as of Nov 2025.

The company’s major revenue portion comes from Gujarat which is about 55% and on international ground, Cambodia made up 34.54% as of Nov 2025. Its sales from manufacturing products were around 68% and contract manufacturing sales was ~32%. Ikat fabrics contribute ~ 76% and polyester garment fabrics contribute ~8% during April 2025 to Nov 2025. As of FY25, IKat fabrics capacity utilisation was 94.44% and polyester garment fabrics was 95.79%. In FY25, total capacity utilisation was 92.57%.