HOAC Foods India (Hariom Atta & Spices IPO): Things To Know

Hariom Atta & Spices IPO is open for subscription starting Thursday, May 16, 2024, and closing on Tuesday, May 21, 2024. The price of this upcoming IPO is decided at Rs 48 per share. The minimum lot size set for the retail category is 3000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots with 6000 shares. The minimum investment required for retail category investors is Rs 1,44,000 (48 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (48 x 6000 shares). Hariom Atta & Spices IPO is a fixed price issue of Rs 5.54 crores. This upcoming IPO is a fresh issue of 11.55 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 22, 2024. Hariom Atta & Spices IPO will be listed on NSE SME, and the listing date is fixed on Friday, May 24, 2024. The book-running lead manager of Hariom Atta & Spices IPO is GYR Capital Advisors Private Limited. The registrar for this IPO is Kfin Technologies Limited. The market maker of this issue is Giriraj Stock Broking. 

About HOAC Foods India Limited

HOAC Foods India Limited, incorporated in 2018, manufactures flour, spices, and other food products. The company sells its products under the brand name "Hariom." They sell chakki atta, herbs and spices, unpolished pulses, grains, and yellow mustard oil. Hariom Atta is a famous manufacturing company that specialises in producing high-quality Atta along with a variety of other products. The company's mastery lies in the production of Atta, ensuring the flour's quality and purity. Additionally, Hariom Atta is known for its yellow mustard oil. It takes good care in sourcing and processing the mustard oil to keep its purity and ensure the finest quality. As of December 31, 2023, HOAC foods India had 10 exclusive brand outlets. Out of these 4 are owned by the company and 6 are owned by the franchisees. These outlets sold only the company's products. The manufacturing capacity is located in Gurugram, the company's product portfolio consists of 153 product SKUs of ground and blended spices.

Objectives of Hariom Atta & Spices IPO

The funds received from this initial public offering will be used for funding the day-to-day capital requirements of the company. Additionally, general corporate purposes such as financing capital expenditure, acquisition also be fulfilled.

Financials of HOAC Foods India Limited (Amt in Rs Lakhs)

HOAC Foods India posted a revenue of Rs 1,154.71 lakhs and net profit of 74.50 lakhs for the period ending on 31 December 2023. The revenue increased by 11.43% and net profit increased by 115.11% between the FY ending on 31 March 2023 and 31 March 2022. 

Other Important Details of Hariom Atta & Spices IPO

Time-Table of Hariom Atta & Spices IPO

Lot Size of Hariom Atta & Spices IPO

IPO Reservation of Hariom Atta & Spices Limited

Key Performance Indicator of Hariom Atta & Spices Limited IPO

The market capitalization of Hariom Atta & Spices is Rs 18.45 Crore.

EPS and P/E Ratio Post IPO

Promoters of Hariom Atta & Spices Limited and Their Holdings

The promoters of Hariom Atta & Spices company are Rambabu Thakur, Gaytri Thakur and Yashwant Thakur.

Lead Manager(s) of Hariom Atta & Spices IPO

The lead manager for Hariom Atta & Spices IPO is GYR Capital Advisors Private Limited. 

How do you apply for the Hariom Atta & Spices IPO?

Wait for the public issue to open for subscription, then click here to apply for the Hariom Atta & Spices Limited IPO with Bigul.

How do you check the allotment status of Hariom Atta & Spices IPO?

The registrar for Hariom Atta & Spices IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Hariom Atta & Spices IPO?

Hariom Atta & Spices IPO is a fixed price issue of Rs 5.54 crores. This upcoming IPO is a fresh issue of 11.55 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 22, 2024.

2. Who are the lead managers for the Hariom Atta & Spices Limited IPO?

GYR Capital Advisors Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Hariom Atta & Spices Limited, handling the IPO's administrative aspects.

4. How can I apply for the Hariom Atta & Spices IPO?

The public subscription of this new IPO will open on May 16, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received from this initial public offering will be used for funding the day-to-day capital requirements of the company. Additionally, general corporate purposes such as financing capital expenditure, acquisition also be fulfilled.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Hariom Atta & Spices Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of HOAC Foods India Limited?

HOAC Foods India posted a revenue of Rs 1,154.71 lakhs and net profit of 74.50 lakhs for the period ending on 31 December 2023. The revenue increased by 11.43% and net profit increased by 115.11% between the FY ending on 31 March 2023 and 31 March 2022.