Free Account Opening + AMC Free Demat
Loading...

HOAC Foods India Limited IPO (Hariom Atta & Spices IPO) Detail

May 16, 2024 - May 21, 2024

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 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.

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.

Hariom Atta & Spices IPO Details

IPO Date May 16, 2024 to May 21, 2024
Listing Date May 24, 2024
Face Value ₹10 per share
Price ₹48 per share
Lot Size 3000 Shares
Total Issue Size1,155,000 shares
(aggregating up to ₹5.54 Cr)
Fresh Issue1,155,000 shares
(aggregating up to ₹5.54 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue2,688,210
Share holding post issue3,843,210
Market Maker portion93,000 shares
Giriraj Stock Broking

Hariom Atta & Spices IPO Reservation

Hariom Atta & Spices IPO offers 1,155,000 shares. 531,000 (45.97%) to NII, 531,000 (45.97%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered93,000 (8.05%)
Other Shares Offered531,000 (45.97%)
Retail Shares Offered531,000 (45.97%)
Total Shares Offered1,155,000 (100%)

Hariom Atta & Spices IPO Timeline (Tentative Schedule)

Hariom Atta & Spices 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 5 PM on May 21, 2024

Hariom Atta & Spices IPO 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
Retail (Min) 1 3000 ₹144,000
Retail (Max) 1 3000 ₹144,000
HNI (Min) 2 6,000 ₹288,000
Lot Size Calculator

Hariom Atta & Spices IPO Promoter Holding

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%

About HOAC Foods India Limited

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.

HOAC Foods India Limited Financial Information (Restated)

HOAC Foods India Limited's revenue increased by 11.43% and profit after tax (PAT) rose by 115.11% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets766.40491.72359.71208.33
Revenue1,154.711,219.051,094.03746.28
Profit After Tax74.5058.7927.3312.85
Net Worth315.73156.8698.0732.26
Reserves and Surplus46.91135.1676.3722.26
Total Borrowing204.05190.38147.50128.08
Amount in ₹ Lakhs

Key Performance Indicator

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

KPI as of December 31, 2023.

KPI Values
ROE23.60%
ROCE23.43%
Debt/Equity0.27
RoNW23.60%
P/BV4.09
PAT Margin (%)6.49
Pre IPO Post IPO
EPS (Rs) 2.192.58
P/E (x) 21.9518.57
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Hariom Atta & Spices IPO Objectives)

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

  1. Funding the working capital requirements of the company
  2. General Corporate Purposes

Hariom Atta & Spices IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. It posted an average financial performance for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Small equity capital post-IPO indicates longer gestation period for migration. Well-informed/cash surplus investors may park moderate funds for the medium term. Read detail review...


Hariom Atta & Spices IPO Subscription Status (Bidding Detail)

The Hariom Atta & Spices IPO is subscribed 2,013.64 times on May 21, 2024 6:19:56 PM. The public issue subscribed 2,556.46 times in the retail category, times in the QIB category, and 1,432.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1,432.60
Retail2,556.46
Total2,013.64

Total Application : 452,493 (2,556.46 times)

Hariom Atta & Spices IPO Prospectus

Hariom Atta & Spices IPO Rating

3
3.7
Rating:Rated 3.7 stars
Vote Here ...

Hariom Atta & Spices IPO Listing Details

Listing Date May 24, 2024
BSE Script Code
NSE Symbol HOACFOODS
ISIN INE0S6S01017
Final Issue Price ₹48 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹48.00
₹147.00
₹139.65
₹147.00
₹139.65

Check IPO Performance…

HOAC Foods India Limited Contact Details

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/

Hariom Atta & Spices IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Hariom Atta & Spices IPO - Buy or Not

Hariom Atta & Spices IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Hariom Atta & Spices IPO FAQs

Hariom Atta & Spices IPO is a SME IPO of 1,155,000 equity shares of the face value of ₹10 aggregating up to ₹5.54 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000 Shares.

The IPO opens on May 16, 2024, and closes on May 21, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Hariom Atta & Spices IPO using UPI as a payment gateway. Zerodha customers can apply in Hariom Atta & Spices IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Hariom Atta & Spices IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Hariom Atta & Spices IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Hariom Atta & Spices IPO opens on May 16, 2024 and closes on May 21, 2024.

Hariom Atta & Spices IPO lot size is 3000 Shares, and the minimum amount required is ₹144,000.

You can apply in Hariom Atta & Spices IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Hariom Atta & Spices 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 Hariom Atta & Spices IPO allotment status.

The Hariom Atta & Spices IPO listing date is on May 24, 2024.
Open an Instant Account with Zerodha

Hariom Atta & Spices IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

216 Comments

90. Simply Vicky |   Link |  Bookmark |June 7, 2024 11:29:00 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Those people who are buying it at steep valuation, will suffer losses later. All this is happened with today's euphoria in sme market. People are buying it at exorbitant prices defying co. Fundamentals,P/BV & P.E. under FOMO.
People should know that it's just regional player with concentration in certain pockets. It may not compete with established players in sophisticated manner with distribution network.
89. Simply Vicky |   Link |  Bookmark |May 29, 2024 4:54:01 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Atta kal sukhke aaj fir gal gaya...na jane kitna galega😂😂😂😂
88. knowledgebuddies |   Link |  Bookmark |May 28, 2024 2:48:44 PM
Hello Should i applied 2 lots in HNi or should i apply 1 lot in retail which is good?
87. Phycho adi |   Link |  Bookmark |May 27, 2024 11:00:24 AM
Still not unblock my ammount 🥺
86. Ipoaspire |   Link |  Bookmark |May 25, 2024 11:59:12 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
What the stupid is this market ,good companies like NEW SWAN MULTITECH, COMMITTED CARGO, DELAPLEX etc are struggling at IPO price..this company with meagre profits listed almost 3times . I wonder still there are people to purchase at a exorbitant price
85. Phycho adi |   Link |  Bookmark |May 24, 2024 9:52:42 PM
Still not unblock my ammount 🥺🥺🥺🥺
85.1. Vimal Garodia |   Link |  Bookmark |May 25, 2024 9:03:11 AM
IPO Guru IPO Guru (3400+ Posts, 3800+ Likes)
@Phycho adi I suggest you wait until monday. If, still not unblocked then contact your bank. Email to that specific branch and cc that mail to registrar also. They will help you with this matter..
84. rohiitian |   Link |  Bookmark |May 24, 2024 10:07:14 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Sold at 140, not the crazy returns it looked like at one point, but still fantastic 🙏🔥
84.13. rohiitian |   Link |  Bookmark |May 27, 2024 2:30:32 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
I feel Vilas will be lower (300-350x) - more might be set aside for Beacon due to higher GMP. But right now everything getting crazy oversubscribed - even for tiny gains.

Imagine now issues are being subscribed 600x for 20% listing pop. That's effectively 0.1% return over 3 days which is hardly 10-12% annualized @GrayIsTheNewBlack
84.14. GrayIsTheNewBlack |   Link |  Bookmark |May 27, 2024 3:41:04 PM
IPO Guru IPO Guru (2700+ Posts, 1800+ Likes)
@rohiitian - I somehow missed taking Beacon into consideration.
Maybe 5k - Vilas, 5k - Beacon then
Still pretty high subscription figures.
83. milgayasigachire |   Link |  Bookmark |May 24, 2024 10:35:40 AM
Thank god i did not get allotment.

Feeling sad for the innocent investors who got trapped in this by getting allotment.
83.1. IPOse Dukhi Atma |   Link |  Bookmark |May 24, 2024 12:16:42 PM (200+ Posts)
why? It listed at huge premium,, even if someone sells after 3-4 LCs, they will still gain huge profit
82. IPOswami |   Link |  Bookmark |May 24, 2024 8:16:18 AM (200+ Posts)
Anybody still IDFC FIRST fund not unblocked
82.1. SOAM |   Link |  Bookmark |May 24, 2024 10:19:12 AM
Top Contributor Top Contributor (900+ Posts, 100+ Likes)
Unblocked few mins ago.
81. StarSon |   Link |  Bookmark |May 24, 2024 9:46:36 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Ye aata kaise gal gaya...😵‍💫
80. Ultrashine Holdings |   Link |  Bookmark |May 24, 2024 9:05:20 AM
I think opening will be at 150-160
79. Vipul M Shah |   Link |  Bookmark |May 23, 2024 5:10:43 PM (400+ Posts)
Today is a bank holiday in Maharashtra and some other State. So amount will get unblocked / Lien remove tomorrow. Don't worry.
78. smart man |   Link |  Bookmark |May 23, 2024 11:34:03 AM
Received zero allotment in both categories & still amounts are blocked, very frustrating
78.1. Nishra |   Link |  Bookmark |May 23, 2024 2:59:01 PM (200+ Posts)
Same here in both SME no allotment & amount r still blocked in yes Bank ..any one has same issue in yes bank & other bank?
77. Abhishek Rajkot |   Link |  Bookmark |May 23, 2024 11:38:36 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Kisko retail mai mila kya?
I got ZERO
76. Raghav Aggarwal |   Link |  Bookmark |May 23, 2024 8:47:16 AM
Kissi ko milta bhi hai acha SME IPO?
No luck, applied about 16 applications including 5 bhni
75. Squareb |   Link |  Bookmark |May 23, 2024 8:33:18 AM (200+ Posts)
No luck !!
74. Abhii VPG |   Link |  Bookmark |May 23, 2024 1:12:42 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
ZERO
May’24 has been extremely rude till now!!
:(
73. Abhii VPG |   Link |  Bookmark |May 23, 2024 1:11:15 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Many. Congratulations sir @rohiitian 🎉🧨
72. rohiitian |   Link |  Bookmark |May 22, 2024 9:12:14 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Got 1 lot of HOAC from 40/40/30 (40 lot was lucky) - Hariom Hariom 🙏
72.24. Jugaadu |   Link |  Bookmark |May 23, 2024 12:28:21 PM
Congratulation @rohiitian Sir.
72.25. Mr. Agrawal |   Link |  Bookmark |May 23, 2024 10:41:35 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Congratulations Bhai !!!
71. SOAM |   Link |  Bookmark |May 22, 2024 11:16:46 PM
Top Contributor Top Contributor (900+ Posts, 100+ Likes)
0/6