Hariom Atta & Spices IPO bidding started from May 16, 2024 and ended on May 21, 2024. The allotment for Hariom Atta & Spices IPO was finalized on Wednesday, May 22, 2024. The shares got listed on NSE SME on May 24, 2024.
IPO Size: 1,155,000 shares (5.54 Cr) Fresh Issue: 1,155,000 shares (5.54 Cr) Subscription Dates: May 16, 2024 to May 21, 2024 Expected Allotment: Wednesday, May 22, 2024 Listing Date (Tentative): May 24, 2024 Price Band: ₹48 per share Retail Investors: ₹.144,000 (3000 shares) Small HNI : ₹.288,000(2 lots, 6000 shares) Big HNI : ₹.1,008,000(7 lots, 21000 shares)
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | May 24, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Fresh Issue | 1,155,000 (aggregating up to ₹5.54 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,688,210 |
| Share holding post issue | 3,843,210 |
| Market Maker Portion | 93,000 Shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 530,954 (45.97%) |
| Others | 530,954 (45.97%) |
| Total Shares Offered | 1,155,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Retail Investors | 530,954 | |||
| Others | 530,954 | |||
| Total | 1,061,907 | 0 | 0.00 | 0.00 |
HOAC Foods India Limited IPO opens on May 16, 2024 and closes on May 21, 2024.
| IPO Open Date | Thursday, May 16, 2024 |
| IPO Close Date | Tuesday, May 21, 2024 |
| Basis of Allotment* | Wednesday, May 22, 2024 |
| Initiation of Refunds* | Thursday, May 23, 2024 |
| Credit of Shares to Demat* | Thursday, May 23, 2024 |
| Listing Date* | Friday, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 21, 2024 |
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 |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹ 144,000 |
| Retail (Max) | 1 | 3000 | ₹ 144,000 |
| HNI (Min) | 2 | 6000 | ₹ 288,000 |
The promoters of the company are Mr. Rambabu Thakur, Mrs. Gaytri Thakur and Yashwant Thakur.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 69.95% |
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.
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
HOAC Foods India Limited
D-498, 1st Floor Palam Extension
Sector-7 Dwarka, Raj Nagar - II,South West Delhi
New Delhi- 110077
Phone: +91 85272 73940
Email: info@attahariom.com
Website: https://hoacfoodsindia.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
| Listing Date | May 24, 2024 |
| NSE Symbol | HOACFOODS |
| ISIN | INE0S6S01017 |
| Final Issue Price | ₹ 48 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 48 | ₹ 48 |
| Open | ₹ 147 | ₹ |
| Low | ₹ 139.65 | ₹ |
| High | ₹ 147 | ₹ |
| Close Price | ₹ 139.65 | ₹ |
HOAC Foods India Limited IPO is a main-board FPO of 1,155,000 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 5.54 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000 Shares.
The HOAC Foods India Limited IPO opens on May 16, 2024 and closes on May 21, 2024.
Retail Investors: ₹.144,000 (3000 shares) Small HNI : ₹.288,000(2 lots, 6000 shares) Big HNI : ₹.1,008,000(7 lots, 21000 shares)
The finalization of Basis of Allotment for HOAC Foods India Limited IPO will be done on Wednesday, May 22, 2024, and the allotted shares will be credited to your demat account by Thursday, May 23, 2024. Check the HOAC Foods India Limited IPO allotment status.