Hariom Atta & Spices IPO Date, Details, Allotment And Review

Hariom Atta & Spices IPO (HOAC Foods India Limited IPO) is offering 11.55 lakh fresh shares at a fixed price of Rs 48 per share, totalling Rs 5.54 crores. The Hariom Atta & Spices IPO opens for subscription on May 16, 2024, and closes on May 21, 2024.

The allotment is expected to be finalized on May 22, 2024, with a listing on NSE SME scheduled for May 24, 2024.

For retail investors, the minimum lot size is 3000 shares, requiring a minimum investment of Rs 144,000. High Net Worth Individuals (HNI) need to apply for 2 lots, totalling 6000 shares and an investment of Rs 288,000.

Hariom Atta & Spices IPO

Referring Document – Hariom Atta & Spices RHP

Hariom Atta & Spices IPO Details

Open DateMay 16, 2024
Close DateMay 21, 2024
Listing DateMay 24, 2024
IPO Size11.55 Lakh Shares
(aggregating up to ₹5.54 Cr)
Fresh Issue11,55,000 Shares of ₹10 Face Value
(aggregating up to ₹5.54 Cr)
Face Value₹10 per share
IPO Price Band₹48 per share
IPO Listing onNSE SME
Lot Size3000 Shares
Share Offered to Retail50% of the total issue share
Share Offered to QBI50% of the total issue share
Share Offered to HNI

Hariom Atta & Spices IPO Date

IPO Open DateMay 16, 2024
IPO Close DateMay 21, 2024
Basis of AllotmentMay 22, 2024
Initiation of RefundsMay 23, 2024
The credit of SharesMay 23, 2024
Listing DateMay 24, 2024

Hariom Atta & Spices IPO Lot Size

Retail (Min)13000₹144,000
Retail (Max)13000₹144,000
HNI (Min)26,000₹288,000

Hariom Atta & Spices IPO GMP Today

The Grey Market Premium (GMP) for Hariom Atta & Spices NSE Emarge IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the Hariom Atta & Spices IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>

Hariom Atta & Spices IPO Subscription Status

For real-time updates on the subscription status of the Hariom Atta & Spices IPO, kindly navigate to our “IPO Subscription Status Live” section in the menu or click the provided link. The subscription window for the Hariom Atta & Spices IPO commences on May 16, 2024.

Hariom Atta & Spices IPO Allotment Status

You can check the allotment status for the Hariom Atta & Spices IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number.

After entering the required information, click submit and view the allotment status of the IPO. You may watch the IPO allotment status around the expected date of May 22, 2024.

Know About Hariom Atta & Spices Limited or HOAC Foods India Limited

  • Founded in 2018, HOAC Foods India Limited specializes in manufacturing flour, spices, and other food items.
  • The company markets its products under the brand name “HARIOM” and primarily operates in the Delhi-NCR region.
  • It owns 4 Exclusive Brand Outlets while 6 are operated by franchisees, totaling 10 outlets as of December 31, 2023.
  • The company’s product range includes flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil.
  • Sales and marketing operations are supported by a team of 12 employees.
  • HOAC Foods India Limited runs its manufacturing operations from Gurugram.
  • Operational revenues for the nine months ending December 31, 2023, and for the fiscal years ending in 2023, 2022, and 2021 were ₹1,148.59 lakhs, ₹1,208.56 lakhs, ₹1,087.27 lakhs, and ₹742.26 lakhs, respectively.
  • The company offers a diverse portfolio of 153 product SKUs, comprising ground and blended spices.
  • As of December 31, 2023, the company has a total workforce of 50 employees across various departments.

Hariom Atta & Spices Limited Promoters Holding

  • The promoters of HOAC Foods India Limited are Mr. Rambabu Thakur, Mrs. Gaytri Thakur, and Yashwant Thakur.
  • Shareholding pre-issue stands at 99.99%.
  • Post-issue, the shareholding will be reduced to 69.95%.

Objects of the Issue IPO

a) Funding the working capital requirements of the company
b) General Corporate Purposes

Hariom Atta & Spices Limited Financial Report (Restated)

ParticularsFor the Period / Year ended on (₹ in Lakh)
31 December 202331 March 202331 March 202231 March 2021
PAT (Profit After Tax)74.5058.7927.3312.85
Net Worth315.73156.8698.0732.26

Key Performance Indicator (KPI) of Hariom Atta & Spices Limited

ParticularsFor the period ended 31st December, 2023For the year ended March 31
Revenue from Operations (₹ in Lakhs)1,148.591,208.56
Growth in Revenue from Operations (%)11.16%46.48%
Other Income (₹ in Lakhs)6.1210.49
Total Income (₹ in Lakhs)1,154.711,219.05
EBITDA (₹ in Lakhs)131.72114.39
EBITDA Margin (%)11.41%9.38%
Profit After Tax (₹ in Lakhs)74.5058.79
PAT Margin (%)*6.49%4.86%
ROE (%)23.60%37.48%
ROCE (%)23.43%30.12%

Peer Group Comparison Of Hariom Atta & Spices Limited

Name of the CompanyCMP*EPS (₹)Face Value (₹)P/E Ratio*RoNW (%)NAV Per ShareTotal Income (₹ in lakhs)
Contil India Limited155.002.011077.118.46%2381.46920.69
Jetmall Spices and Masala Limited16.000.491032.650.03%16.22363.68
HOAC Foods India Limited48.002.841016.900.37%11.741219.05

Hariom Atta & Spices IPO Registrar

Selenium Tower- B, Plot 31-32, Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad-500 032, Telangana, India.
Tel No.: +91 40 6716 2222 Fax: +91 40 2343 1551
Website: www.kfintech.com;
Email: hoacfoods.ipo@kfintech.com;
Investor Grievance Email: einward.ris@kfintech.com;

Hariom Atta & Spices IPO Book Running Lead Manager

B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India.
Tel. No.: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com

Hariom Atta & SpicesLimited Contact

428, Gala Empire, Near JB Tower, Drive in Road, Thaltej,
Ahemdabad-380 054, Gujarat, India.
Telephone: +91 8777564648
E-mail id: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com;
Investor Grievance e-mail ID: investors@gyrcapitaladvisors.com

Hariom Atta & Spices Limited IPO Application Form PDF

To download theHariom Atta & Spices IPO application form click on Application Form Download ASBA IPO Forms PDF.


Cash Flow is week otherwise good. May Apply.


What is the opening and closing date of the Hariom Atta & Spices IPO?

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

When is the listing date for the Hariom Atta & Spices IPO?

The IPO is scheduled to be listed on NSE SME on May 24, 2024.

What is the minimum lot size and investment for retail investors?

The minimum lot size for retail investors is 3000 shares, requiring a minimum investment of Rs 144,000.

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