HOAC Food India Limited IPO
About Company :
HOAC Foods India Limited, established in 2018, specializes in manufacturing flour, spices, and other food items under the brand name “HARIOM.” They operate through 10 exclusive outlets in and around Delhi-NCR. Their diversified product portfolio includes chakki atta (flour), herbs, unpolished pulses, grains, and yellow mustard oil13.
Listing Date: The shares are proposed to be listed on the NSE-SME on May 24th, 20241.
Strengths of HOAC Foods India Ltd: Experienced management team with domain knowledge.
Unique and sustainable business model.
Diversified product portfolio capturing the growing Indian spice market.
Omni-channel approach.
Cluster-based distribution through retail outlet networks.
In-house manufacturing capabilities.
Consistent focus on quality and nutritional value.
Strong and stable management team with proven ability.
Long-standing customer relationships.
Risks Involved:
The company must obtain, renew, or maintain statutory permits and approvals to operate its business and manufacturing facility.
Some products are procured from third-party suppliers1.
HOAC Food India Limited IPO Details
1) Issue Date: May 16, 2024
2) Closed Date:- May 21, 2024
3) Issue Prize : 48 Rs per share
4) Allotment Date:- May 22, 2024
5) Initiation of Refunds: May 23, 2024
6) Credit of Shares to Demat: May 23 ,2024
7) Listing Date :- May 24 ,2024
8) Lot Size: 3000 share (Minimum investment Rs 144000)
9) Expected Listing Earning: 95 Rs per equity share
10) Profit : 220000 Rs.Per lot💰💰💰💰
11) Listing At: NSE SME
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