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Hariom Atta & Spices IPO
HOAC Foods India Limited
HOAC Foods India IPO Details
HOAC Foods India Limited commonly known by Hariom Atta & Spices is coming up with an IPO to raise Rs. 554.40 Lakhs which will be a totally a fresh issue.
Business Overview
HOAC Foods India operates into the food industry.
The products offered are made from handpicked raw materials from various parts of the country which includes Flour (Chakki Atta), Herbs & Spices (organic), Unpolished Pulses Grains and Yellow Mustard Oil
The company sells its products in and around Delhi-NCR through exclusive brand outlets
Utilization of funds
The net proceeds will be utilized for funding the working capital requirements and for general corporate purposes.
HOAC Foods India IPO Strengths
- Experienced Management team
- Diversified Product Portfolio
- Scalable Business Model
- Strong distribution network
- In-house Manufacturing
- Increasing Sales Growth of the individual stores by offering incentives & training to retail outlet employees and sales team
HOAC Foods India IPO Weaknesses
- Dependency on third party suppliers for some of their products like pulses, rice, grains, millets etc.
- Competition with highly established competitors.
- Vulnerable to cost increases or shortages as the company does not have long-term agreements with suppliers for raw materials
- No long term customer base.
- Limited geographical reach
- Negative Cash Flow
- Unsecured loans availed by the company may be recalled at any time, posing a financial risk
HOAC Foods India Revenue & Profit
+0.746 | +0.012 |
+1.094 | +0.027 |
+1.219 | +0.059 |
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HOAC Foods India IPO Dates
| Open Date | 16 May , 2024 |
| Close Date | 21 May , 2024 |
| Allotment Date | 22 May , 2024 |
| Initiation of Refunds | 23 May 2024 |
| Credit of Shares to Demat Account | 23 May 2024 |
| Listing Date | 24 May 2024 |
HOAC Foods India IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Hariom Atta & Spices IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Hariom Atta & Spices IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Hariom Atta & Spices IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the HOAC Foods India IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the HOAC Foods India IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.