Unlisted shares of HOAC Foods India Ltd are trading Rs 175 higher in the grey market, expecting a whopping 364.58 per cent listing gain from the public issue
HOAC Foods IPO Allotment Today: Hariom Atta & Spices Ltd received nearly 2,014 times subscription in its initial public offering. Investors will on May 22 start getting bank debit messages in the evening once they are allotted the IPO. The IPO status can be checked on registrar Kfin Technologies’ portal.
The Rs 5.54-crore SME IPO was opened for public subscription between May 16 and May 11.
Read More: Stocks To Watch: RIL, Nykaa, Paytm, HDFC Bank, BHEL, TVS Motor, Lupin, and Others
HOAC Foods IPO: How To Check Allotment Status
Step 1: Visit Kfin Technologies Ltd’s portal
Step 2: Select IPO Name ‘HOAC Foods India Limited’ from the drop-down menu
Step 3: Enter PAN number, application number or DP ID
Step 4: Click on ‘Search’ Button
Now, your Winsol Engineers IPO allotment status will be displayed on the screen.
HOAC Foods IPO GMP Today
According to market observers, unlisted shares of HOAC Foods India Ltd are trading Rs 175 higher in the grey market as compared with its issue price. The Rs 175 grey market premium or GMP means the grey market is expecting a whopping 364.58 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The price of the HOAC Foods IPO was fixed at Rs 48 per share.
Read More: Stock Market Updates: Sensex Rises 100 Points, Nifty Above 22,500; JK Tyre Soars 9%
HOAC Foods IPO: More Details
The HOAC Foods India IPO has received a blockbuster response from investors. The Rs 5.54-crore SME IPO received a whopping 2,013.64 times subscription, garnering bids for 2,13,84,84,000 shares as against 10,62,000 shares on offer.
The retail category has received a 2,556.46 times subscription, while the non-institutional investor (NII) category got a 1,432.60 times subscription.
The HOAC Foods IPO allotment will likely be finalised on May 22, while the listing will take place on May 24 on the NSE SME.
The price the IPO was fixed at Rs 48 per share.
The Hariom Atta & Spices IPO is entirely a fresh issue of 11.55 lakh shares.
The price of the Hariom Atta & Spices IPO is Rs 48 per share. Investors can apply for a minimum lot size of 3,000 shares, with a minimum investment amount of Rs 144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to Rs 2,88,000.
Read More: BPCL Share Price Target 2024: Rs 21 Dividend, 1:1 Bonus; should you BUY?
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.
Hariom Atta & Spices, founded in 2018, specialises in the production of flour, spices, and other food items. Marketed under the brand name ‘HARIOM’, the company’s products include chakki atta (flour), herbs, spices, unpolished pulses, grains, and yellow mustard oil.
With a strong presence in Delhi-NCR, Hariom operates through its 10 exclusive brand outlets, combining both company-owned and franchise-operated stores. The company has a manufacturing facility in Gurugram.
HOAC Foods India’s revenue rose 112.09 per cent and profit after tax (PAT) jumped 340.4 per cent in the financial year 2022-23.
