Hariom Atta & Spices IPO is a fixed price issue of Rs 5.54 crores. The issue is entirely a fresh issue of 11.55 lakh shares.
Hariom Atta & Spices IPO opens for subscription on May 16, 2024 and closes on May 21, 2024. The allotment for the Hariom Atta & Spices IPO is expected to be finalized on Wednesday, May 22, 2024. Hariom Atta & Spices IPO will list on NSE SME with tentative listing date fixed as Friday, May 24, 2024.
Hariom Atta & Spices IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹288,000.
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.
Refer to Hariom Atta & Spices IPO RHP for detailed information.
Hariom Atta & Spices IPO Details
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Fresh Issue | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,688,210 |
| Share holding post issue | 3,843,210 |
| Market Maker portion | 93,000 shares Giriraj Stock Broking |
Hariom Atta & Spices IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net issue |
Hariom Atta & Spices IPO Timeline (Tentative Schedule)
Hariom Atta & Spices IPO opens on May 16, 2024, and closes on May 21, 2024.
| IPO Open Date | Thursday, May 16, 2024 |
| IPO Close Date | Tuesday, May 21, 2024 |
| Basis of Allotment | Wednesday, May 22, 2024 |
| Initiation of Refunds | Thursday, May 23, 2024 |
| Credit of Shares to Demat | Thursday, May 23, 2024 |
| Listing Date | Friday, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 21, 2024 |
Hariom Atta & Spices IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
| Lot Size Calculator | |||
Hariom Atta & Spices IPO Promoter Holding
The promoters of the company are Mr. Rambabu Thakur, Mrs. Gaytri Thakur and Yashwant Thakur.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 69.95% |
About HOAC Foods India Limited
Incorporated in 2018, HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand name “HARIOM” is used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in and around Delhi-NCR through exclusive brand outlets.
As of Dec 31, 2023, the company had 10 Exclusive Brand Outlets which consisted of 4 owned by the company and 6 owned by franchisees. The outlets sold only the company’s products, and the sales and marketing team had 12 employees.
The company has a manufacturing facility in Gurugram.
The company’s operational revenues for the nine months ended on December 31, 2023, and for the financial years ending on Fiscals 2023, 2022, and 2021 were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs, and ₹ 742.26 lakhs, respectively.
The product portfolio of the company consists of 153 product SKUs of ground and blended spices.
As of December 31, 2023, the company employs 50 people in various departments.
HOAC Foods India Limited Financial Information (Restated)
HOAC Foods India Limited’s revenue increased by 11.43% and profit after tax (PAT) rose by 115.11% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 766.40 | 491.72 | 359.71 | 208.33 |
| Revenue | 1,154.71 | 1,219.05 | 1,094.03 | 746.28 |
| Profit After Tax | 74.50 | 58.79 | 27.33 | 12.85 |
| Net Worth | 315.73 | 156.86 | 98.07 | 32.26 |
| Reserves and Surplus | 46.91 | 135.16 | 76.37 | 22.26 |
| Total Borrowing | 204.05 | 190.38 | 147.50 | 128.08 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Hariom Atta & Spices IPO is Rs 18.45 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 23.60% |
| ROCE | 23.43% |
| Debt/Equity | 0.27 |
| RoNW | 23.60% |
| P/BV | 4.09 |
| PAT Margin (%) | 6.49 |
Check Hariom Atta & Spices IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.19 | 2.58 |
| P/E (x) | 21.95 | 18.57 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Hariom Atta & Spices IPO Objectives)
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Hariom Atta & Spices IPO Prospectus
HOAC Foods India Limited Contact Details
HOAC Foods India Limited
D-498, 1st Floor Palam Extension
Sector-7 Dwarka, Raj Nagar – II,South West Delhi
New Delhi- 110077
Phone: +91 85272 73940
Email: info@attahariom.com
Website: https://hoacfoodsindia.com/
Hariom Atta & Spices IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/