HOAC Foods India Limited

16 May 2024 - 21 May 2024 Individual Category SME NSE

Min Investment

₹288000

Price Band

₹48

Issue Size

11.55 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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16 May 2024

Open Date

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21 May 2024

Close Date

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22 May 2024

Allotment Date

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24 May 2024

Listing Date

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. 

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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.

Founded

2018

Managing Director

Rambabu Thakur

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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