Harikanta Overseas Ltd IPO

Quality Products.

Efficient Production Process.

Customization and Flexibility.

Global Reach and Export Capability.

Range of Products.

Location of Facility.

Promoter and Management Involvement.

The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed, purchase ofequipment / machineries. In the event of any delay in placing the orders for Machineries or in the event thevendors is not able to provide the equipment / machineries in a timely manner, or at all, the same may result intime and cost over-runs.

The company business is significantly dependent on yarn and other related raw materials, and fluctuations in their pricesor availability, as well as concentration of its supplier base, may adversely affect the company operations, margins, andprofitability.

The company operations is energy-intensive and any disruption in power supply or increase in energy costs may adverselyaffect 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 Overlapwith the Company.

The company business is working capital intensive and any inability to secure adequate financing may adversely impactoperations.

Dependence on third-party and subsidiary job work arrangements.

The company has experienced negative cash flows in previous years / periods. Any operating losses or negative cash flowin the future could adversely affect its results of operations and financial condition.

There may has been certain instances of non-compliances with respect to certain corporate actions taken bythe Company in the past. Consequently, its may be subject to regulatory actions and penalties.

The company business is seasonal in nature, which could adversely affect its business operations and financialperformance.