Harikanta Overseas Ipo
Harikanta Overseas IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Interactive Financial Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | May 20, 2026 |
| IPO Close Date | May 27, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹86 to ₹91 Per Share |
| Issue Size | Approx ₹24.30 Crores |
| Fresh Issue | Approx ₹24.30 Crores |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,18,400 |
| Retail Maximum | 2 | 2,400 | ₹2,18,400 |
| S-HNI Minimum | 3 | 3,600 | ₹3,27,600 |
| S-HNI Maximum | 9 | 10,800 | ₹9,82,800 |
| B-HNI Minimum | 10 | 12,000 | ₹10,92,000 |
| Investor Category | Share Offered | Shares (%) |
| QIB (Ex. Anchor) | 54,000 Shares | 2.02% |
| NII Shares Offered | 12,40,800 Shares | 46.47% |
| Retail Shares Offered | 12,40,800 Shares | 46.47% |
| IPO Open Date: | May 20, 2026 |
| IPO Close Date: | May 27, 2026 |
| Basis of Allotment: | May 29, 2026 |
| Refunds: | June 1, 2026 |
| Credit to Demat Account: | June 1, 2026 |
| IPO Listing Date: | June 2, 2026 |
| IPO Bidding Cut-off Time: | May 27, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 71,95,740 | 96.87% |
| Promoter Holding Post Issue | 98,70,740 | 70.66% |
| Purpose | Crores |
| Capital Expenditure for Factory premises | ₹5.40 |
| Capital Expenditure for purchase of machineries | ₹9.33 |
| Working Capital Requirement | ₹4.75 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2025 | ₹35.50 | ₹29.30 | ₹4.47 | ₹23.12 |
| Nov 2025 | ₹26.28 | ₹19.75 | ₹5.09 | ₹32.51 |
| KPI | Values |
| ROE: | 56.72% |
| ROCE: | 37.56% |
| EBITDA Margin: | 18.92% |
| PAT Margin: | -% |
| Debt to equity ratio: | 0.24 |
| Earning Per Share (EPS): | ₹6.69 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.41% |
| Net Asset Value (NAV): | ₹19.16 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Betex India Limited | 13.03 | 35.61 | 5.73% | 227.34 | 971.46 Cr. |
| Swasti Vinayaka Synthetics Limited | 0.27 | 19.44 | 10.54% | 2.55 | 385.58 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |