Hariom Atta and Spices IPO: Check subscription status, key dates and financials

Hariom Atta and Spices IPO: The initial public offering of HOAC Foods India Limited, or Hariom Atta and Spices, opened for subscription on Thursday, May 16. The NSE SME IPO, which will close on May 21, is a fixed price issue at ₹48 per equity share,

The offering is a fresh issuance of 11,55,000 equity shares worth ₹5.54 crore without an offer for sale (OFS) component. The minimum bid size is 3,000 shares worth ₹1.44 lakh.

The funds generated from the IPO will be allocated towards funding the company's working capital requirements and general corporate purposes.

GYR Capital Advisors Private Limited is the lead book-running manager for the issue, while Kfin Technologies is the registrar.

Hariom Atta & Spices IPO: Key dates

• Hariom Atta & Spices IPO bidding date: May 16 to May 21
• Share allotment finalisation: May 22
• Lot size: 3000 shares
• Minimum investment: ₹1,44,000
• Issue size: ₹5.54 crore
• Refund initiation: May 23
• Transfer to demat account: May 23
• Listing: May 24

HOAC Foods India IPO: Day one subscription status

So far, the Hariom Atta and Spices IPO has been subscribed 11.8 times. It has received bids for 1,36,80,000 shares against 11,55,000 shares on offer. NIIs bid for 18,21,000 shares, while retail investors placed 1,18,59,000 bids.

About HOAC Foods India Limited

HOAC Foods India, established in 2018, is a manufacturer of flour (chakki atta), herbs and spices, grains, and unpolished pulses. The company sells its products in the Delhi-NCR region under the ‘Hariom’ brand name through its exclusive outlets. They also sell chai (tea) masala and other grocery products like sambhar masala, mustard oil, chaat masala, and channa masala.

Rambabu Thakur, Gaytri Thakur and Yashwant Thakur are the promoters of the company.

For the financial year 2022-23, the company reported a revenue of ₹12 crore, up 11.1% from ₹10.88 crore in the previous fiscal. The net profit stood at 58.7 lakh for the year ending March 2023, against 27.3 lakh in FY22.

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