
Food & Agro Processing / FMCG · NSE
HOAC Foods India Limited was founded in 2018 and is known for making high-quality flour, spices, and food products under the brand name "HARIOM". Based in Delhi-NCR, the company offers a wide range of products like chakki atta (flour), spices, herbs, pulses, grains, and yellow mustard oil. Their manufacturing unit is located in Gurugram, ensuring top-notch quality and efficiency. As of December 31, 2023, HOAC Foods operates 10 Exclusive Brand Outlets — 4 company-owned and 6 franchise stores — selling only their products. With a team of 12 sales and marketing professionals and 50 employees overall, the company is growing fast. HOAC Foods reported revenues of ₹1,148.59 lakhs for the nine months ending December 31, 2023, showing consistent growth over the past few years. Offering 153 product SKUs, HOAC Foods is carving its place in the competitive food market with a focus on quality, innovation, and customer satisfaction.
Price Band
₹48
Issue Size
₹5.54 Cr
Lot Size
3000 shares
GMP
+302.1%
Est. Listing
₹193
at current GMP
Subscribed
1994.62x
overall
Open
16 May 2024
Close
21 May 2024
Allotment
22 May 2024
Refund
23 May 2024
Demat Credit
24 May 2024
Listing
24 May 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
22 May 2024
Basis finalization
Refunds Initiate
23 May 2024
Mandate release
Demat Credit
24 May 2024
Shares in demat
Listing Debut
24 May 2024
Trading begins
HOAC Foods India Limited is bringing an initial public offering (IPO) in the Food & Agro Processing / FMCG sector with an aggregate issue size of ₹5.54 Crores. The shares are offered at a price band of ₹48 to ₹48 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-05-21, the basis of allotment is scheduled to be finalized on 2024-05-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.