The HOAC Foods India Limited date has been confirmed from May 16, 2024 – May 21, 2024. Read the post to learn about HOAC Foods India Limited IPO GMP.
The Veritaas Advertising IPO is a book-built issue of Rs 8.48 crores. The issue is entirely a fresh issue of 11.55 lakh shares. 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.
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Key Details Of HOAC Foods India Limited IPO
Bidding Dates
May 16- 21
Price Range
₹48 per share
Face Value
₹10 per share
GMP
₹145
HOAC Foods India Limited IPO GMP
The HOAC Foods India Limited IPO GMP is ₹145.
IPO Overview
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 a 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.
HOAC Foods India Limited IPO Details
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Fresh Issue | 1,155,000 shares (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 Giriraj Stock Broking |
HOAC Foods India Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 766.40 | 491.72 | 359.71 | 208.33 |
| Revenue | 1,154.71 | 1,219.05 | 1,094.03 | 746.28 |
| Profit After Tax | 74.50 | 58.79 | 27.33 | 12.85 |
| Net Worth | 315.73 | 156.86 | 98.07 | 32.26 |
| Reserves and Surplus | 46.91 | 135.16 | 76.37 | 22.26 |
| Total Borrowing | 204.05 | 190.38 | 147.50 | 128.08 |
| Amount in ₹ Lakhs | ||||
HOAC Foods India Limited IPO Timeline
| 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 | 5 PM on May 21, 2024 |
Company Profile
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. At HOAC, we
are proud of our brand name. It’s more than just letters – it shows our values, mission, and commitment to quality. HOAC stands for ‘Healthy, Organic, Authentic, and Convenient,’ shaping our brand identity. These values drive everything we do, from selecting top-notch ingredients to providing top-quality products to our valued customers.
Registrar Info
| Name | Mas Services Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | HOAC Foods India Limited |
| Phone number | +91 85272 73940 |
| Email ID | [email protected] |
| Website | hoacfoodsindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
HOAC Foods India Limited IPO FAQs
When Hariom Atta & Spices IPO will open?
The Hariom Atta & Spices IPO opens on May 16, 2024 and closes on May 21, 2024.
What is the lot size of Hariom Atta & Spices IPO?
Hariom Atta & Spices IPO lot size is 3000 Shares, and the minimum amount required is ₹144,000.
When is Hariom Atta & Spices IPO listing date?
The Hariom Atta & Spices IPO listing date is not yet announced. The tentative date of Hariom Atta & Spices IPO listing is Friday, May 24, 2024.
