Hariom Atta & Spices IPO vs Indian Emulsifier IPO

Comparision between Hariom Atta & Spices IPO and Indian Emulsifier IPO.

IPO Details

Hariom Atta & Spices IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Indian Emulsifier IPO is a SME Book Built Issue proposed to list at NSE SME.

	Hariom Atta & Spices IPO	Indian Emulsifier IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Ekadrisht Capital Private Limited
Registrar	Kfin Technologies Limited	Maashitla Securities Private Limited
Market Maker	Giriraj Stock Broking Private Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Hariom Atta & Spices IPO is up to ₹5.54 Cr whereas the issue size of the Indian Emulsifier IPO is up to ₹42.39 Cr. The final issue price of Hariom Atta & Spices IPO is ₹48.00 per share and of Indian Emulsifier IPO is ₹132.00 per share.

	Hariom Atta & Spices IPO	Indian Emulsifier IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹125.00 per share
Issue Price (Upper)		₹132.00 per share
Issue Price (Final)	₹48.00 per share	₹132.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	11,55,000 shares	32,11,000 shares
Fresh Issue Size (Amount)	up to ₹5.54 Cr	up to ₹42.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	11,55,000 shares	32,11,000 shares
Issue Size Total (Amount)	up to ₹5.54 Cr	up to ₹42.39 Cr

IPO Timetable

Hariom Atta & Spices IPO opens on May 16, 2024, while Indian Emulsifier IPO opens on May 13, 2024. The closing date of Hariom Atta & Spices IPO and Indian Emulsifier IPO is May 21, 2024, and May 16, 2024, respectively.

	Hariom Atta & Spices IPO	Indian Emulsifier IPO
Anchor Bid Date		May 10, 2024
Issue Open	May 16, 2024	May 13, 2024
Issue Close	May 21, 2024	May 16, 2024
Basis Of Allotment (Tentative)	May 22, 2024	May 17, 2024
Initiation of Refunds (Tentative)	May 23, 2024	May 21, 2024
Credit of Share (Tentative)	May 23, 2024	May 21, 2024
Listing date (Tentative)	May 24, 2024	May 22, 2024
Anchor Lockin End date 1		Jun 16, 2024
Anchor Lockin End date 2		Aug 15, 2024

Financials

Hariom Atta & Spices IPO P/E ratio is 21.95, as compared to Indian Emulsifier IPO P/E ratio of 30.54.

Hariom Atta & Spices IPO

Indian Emulsifier IPO

Financial

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 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

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,176.63	3,432.26	1,910.22	59.72
Revenue	4,870.16	4,118.35	1,768.31
Profit After Tax	675.01	389.44	4.31	-0.37
Net Worth	2,636.35	1,204.35	814.94	0.63
Reserves and Surplus	1,735.22	393.34	3.93	-0.37
Total Borrowing	2,244.45	2,030.44	1,068.54	58.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

65.25%

Promoter Shareholding (Post-Issue)

69.95%

48.11%

P/E Ratio

21.95

30.54

Market Cap

₹18.45 Cr.

₹161.33 Cr.

ROE

23.60%%

25.61%%

ROCE

23.43%%

38.03%%

Debt/Equity

0.27

0.51

EPS

₹2.19

₹4.32

RoNW

23.60%%

25.60%%

Shares Offered

In the Hariom Atta & Spices IPO retail investors (RII) are offered 5,31,000 shares while in Indian Emulsifier IPO retail investors are offered 5,31,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Hariom Atta & Spices IPO and 6,10,000 shares in Indian Emulsifier IPO.

	Hariom Atta & Spices IPO	Indian Emulsifier IPO
Anchor Investor Reserveration		9,10,000 shares
Market Maker Reserveration	93,000 shares	1,61,000 shares
QIB	0 shares	6,10,000 shares
NII	5,31,000 shares	4,60,000 shares
RII	5,31,000 shares	10,70,000 shares
Employee	0 shares	0 shares
Others
Total	10,62,000 shares	21,40,000 shares

Bids Received (Subscription)

Hariom Atta & Spices IPO subscribed 2,013.64x in total, whereas Indian Emulsifier IPO subscribed 460.07x.

	Hariom Atta & Spices IPO	Indian Emulsifier IPO
QIB (times)		175.95x
NII (times)	1,432.60x	779.63x
Big NII (times)
Small NII (times)
RII (times)	2,556.46x	484.66x
Employee (times)
Other (times)
Total (times)	2,013.64x	460.07x

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Indian Emulsifier IPO	TGIF Agribusiness IPO

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