Hariom Atta & Spices is scheduled to hit the market on May 16, 2024 and close on May 21, 2024. Hariom Atta & Spices plans to raise around ₹5.54 Cr through an IPO with a sale of up to 1,155,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%
HOAC Foods India was established in 2018 as a manufacturer specializing in flour, spices, and various food products under the brand name “HARIOM.” Operating primarily in Delhi-NCR, the company has 10 Exclusive Brand Outlets, with a mix of owned and franchise-operated outlets. These outlets exclusively offer the company's products, which include chakki atta, herbs & spices, unpolished pulses, grains, and yellow mustard oil. With a dedicated sales and marketing team of 12 employees and a manufacturing facility located in Gurugram, the company has seen consistent operational revenues over the past few fiscal years.
The company's product range encompasses 153 different SKUs of ground and blended spices, catering to diverse consumer preferences. As of December 31, 2023, HOAC Foods India Limited employs a total of 50 individuals across various departments, indicating steady growth and expansion in its workforce. The company's financial performance has shown resilience, with operational revenues of ₹1,148.59 lakhs for the nine months ending on December 31, 2023, and notable figures for the fiscal years 2023, 2022, and 2021. The blend of owned and franchise outlets, coupled with a diverse product portfolio and strategic workforce management, reflects the company's commitment to delivering quality food products to its customers while maintaining steady growth in the market.
Hariom Atta & Spices IPO Details
Hariom Atta & Spices IPO opens on May 16, 2024, and closes on May 21, 2024. The Listing date for Hariom Atta & Spices IPO is on May 24, 2024. The price band for IPO is ₹48 per share and lot size of 3000 Shares.
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | May 24, 2024 |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹5.54 Cr |
| Face Value | ₹10 per share |
Hariom Atta & Spices IPO Tentative Timetable
Hariom Atta & Spices opening date is May 16, 2024 and close date is May 21, 2024. The IPO allotment date is May 22, 2024. The refund initiation of IPO is on May 23, 2024. The credit of shares in demat account is on May 23, 2024. The listing date is on May 24, 2024.
| Event | Date |
|---|---|
| IPO Opening | May 16, 2024 |
| IPO Closing | May 21, 2024 |
| IPO Allotment Date | May 22, 2024 |
| Refund Initiation | May 23, 2024 |
| Shares Credit to Demat | May 23, 2024 |
| Lisiting Date | May 24, 2024 |
Hariom Atta & Spices IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹144,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹144,000 |
| Retail(Maximum) | 1 | 3000 | ₹144,000 |
| HNI (Minimum) | 2 | 6000 | ₹288,000 |
Hariom Atta & Spices IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.95% |
Hariom Atta & Spices IPO Review
Hariom Atta & Spices IPO Review
Hariom Atta & Spices recently launched its IPO with a market capitalization of Rs 18.45 Cr. This IPO has garnered significant attention due to its impressive key performance indicators. The Return on Equity (ROE) stands at a strong 23.60%, reflecting the company's efficiency in generating profits from shareholders' investments. Similarly, the Return on Capital Employed (ROCE) is at 23.43%, indicating effective utilization of capital for growth. Moreover, with a Debt/Equity ratio of 0.27, Hariom Atta & Spices shows a conservative approach towards debt management, which is reassuring for investors.
Looking at the financial metrics post IPO, we see a notable increase in Earnings Per Share (EPS) from Rs 2.19 to Rs 2.58. This signifies enhanced profitability on a per share basis, making the company more attractive to potential investors. The Price to Earnings (P/E) ratio has also improved from 21.95 to 18.57, suggesting that investors are willing to pay less for each unit of earnings post IPO, which could indicate a positive market sentiment towards the company. Additionally, the company's Profit After Tax (PAT) margin of 6.49% showcases its ability to efficiently convert revenue into profits, highlighting a strong financial performance.
In terms of objectives, the IPO proceeds are set to be utilized for funding working capital requirements and general corporate purposes. This strategic allocation of funds indicates a focus on sustaining operations and driving overall growth. With a Price to Book Value (P/BV) ratio of 4.09, investors can gain insights into the company's market valuation compared to its book value per share. Overall, Hariom Atta & Spices IPO presents a compelling investment opportunity backed by solid financial performance and clear utilization plans for the raised capital.
Hariom Atta & Spices IPO Subscription Status (Bidding Details)
Table not foundHariom Atta & Spices IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Hariom Atta & Spices IPO FAQs
What is Hariom Atta & Spices IPO?
Hariom Atta & Spices is issuing 1,155,000 equity shares with a face value of 10 each, totaling up to ₹5.54 Cr. The shares are being offered at a price of ₹48 each, with a minimum order quantity of 3000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Hariom Atta & Spices IPO will open?
Hariom Atta & Spices will open on May 16, 2024 for QIB, NII, and Retail Investors.
When Hariom Atta & Spices IPO will end?
Hariom Atta & Spices will end on May 21, 2024.
What is Hariom Atta & Spices IPO Size?
Hariom Atta & Spices IPO size is ₹5.54 Cr.
What is Hariom Atta & Spices IPO Price Band?
Hariom Atta & Spices price band is ₹48 per share.
What is the Hariom Atta & Spices IPO Allotment Date?
Hariom Atta & Spices allotment date is May 22, 2024.
What is the Hariom Atta & Spices IPO Listing Date?
Hariom Atta & Spices listing date is May 24, 2024. The IPO is to be listed on BSE and NSE.
How to Hariom Atta & Spices IPO through Zerodha?
To apply for the IPO “Hariom Atta & Spices” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Hariom Atta & Spices IPO through Upstox?
To apply for the IPO “Hariom Atta & Spices” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Hariom Atta & Spices IPO Allotment Status?
For Hariom Atta & Spices IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Hariom Atta & Spices IPO GMP?
You can check out here: Hariom Atta & Spices IPO GMP