HOAC Foods India Limited IPO
- IPO Date16 May, 2024 to 21 May, 2024
- Listing Date24 May, 2024
- Face Value₹10 per share
- Issue Price₹48 to ₹48 per share
- Lot Size3000 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size11,55,000 Shares
(aggregating up to ₹5.54 Cr) - Fresh Issue11,55,000 Shares
(aggregating up to ₹5.54 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue26,88,210
- Shareholding post issue38,43,210
IPO Dates
Closing Date
21 May, 2024
Initiation of Refunds
23 May, 2024
Listing Date
24 May, 2024
16 May, 2024
Opening Date
22 May, 2024
Basis of Allotment
23 May, 2024
Credit of Shares
HOAC Foods India Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 6000 | ₹2,88,000 |
| Retail (Max) | 1 | 3000 | ₹1,44,000 |
| Retail (Min) | 1 | 3000 | ₹1,44,000 |
HOAC Foods India Limited Promoter Holding
The promoters of the company are Mr. Rambabu Thakur, Mrs. Gaytri Thakur and Yashwant Thakur.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | 69.95% |
HOAC Foods India Limited COMPANY INFORMATION
Hariom Atta & Spices IPO is a fixed price issue of Rs 5.54 crores. The issue is entirely a fresh issue of 11.55 lakh shares. Hariom Atta & Spices IPO opens for subscription on May 16, 2024 and closes on May 21, 2024. The allotment for the Hariom Atta & Spices IPO is expected to be finalized on Wednesday, May 22, 2024. Hariom Atta & Spices IPO will list on NSE SME with tentative listing date fixed as Friday, May 24, 2024. Hariom Atta & Spices IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹288,000. GYR Capital Advisors Private Limited is the book running lead manager of the Hariom Atta & Spices IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Hariom Atta & Spices IPO is Giriraj Stock Broking. Refer to Hariom Atta & Spices IPO RHP for detailed information.
Incorporated in 2018, HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand name "HARIOM" is used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in and around Delhi-NCR through exclusive brand outlets.
As of Dec 31, 2023, the company had 10 Exclusive Brand Outlets which consisted of 4 owned by the company and 6 owned by franchisees. The outlets sold only the company's products, and the sales and marketing team had 12 employees.
The company has a manufacturing facility in Gurugram.
The company's operational revenues for the nine months ended on December 31, 2023, and for the financial years ending on Fiscals 2023, 2022, and 2021 were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs, and ₹ 742.26 lakhs, respectively.
The product portfolio of the company consists of 153 product SKUs of ground and blended spices.
As of December 31, 2023, the company employs 50 people in various departments.
FAQs About Hoac Foods India Limited Ipo (Hariom Atta Spices Ipo)
HOAC Foods India Limited IPO will open on 16 May, 2024 and close on 21 May, 2024. Investors must apply within this period to participate.
The HOAC Foods India Limited IPO price band is set between ₹48.00 and ₹48.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹144000.00.
The HOAC Foods India Limited IPO shares are expected to be listed on 24 May, 2024, subject to regulatory approvals and final allotment.
You can track your HOAC Foods India Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The HOAC Foods India Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.