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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.
| 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 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 |
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 Offered | 93,000 (8.05%) |
| Other Shares Offered | 531,000 (45.97%) |
| Retail Shares Offered | 531,000 (45.97%) |
| Total Shares Offered | 1,155,000 (100%) |
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 |
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 | |||
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.
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 | ||||
The market capitalization of Hariom Atta & Spices IPO is Rs 18.45 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 23.60% |
| ROCE | 23.43% |
| Debt/Equity | 0.27 |
| RoNW | 23.60% |
| P/BV | 4.09 |
| PAT Margin (%) | 6.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.19 | 2.58 |
| P/E (x) | 21.95 | 18.57 |
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 1,432.60 |
| Retail | 2,556.46 |
| Total | 2,013.64 |
Total Application : 452,493 (2,556.46 times)
| Listing Date | May 24, 2024 |
| BSE Script Code | |
| NSE Symbol | HOACFOODS |
| ISIN | INE0S6S01017 |
| Final Issue Price | ₹48 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹48.00 |
| ₹147.00 |
| ₹139.65 |
| ₹147.00 |
| ₹139.65 |
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/
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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
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.
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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.