What you must know about Hariom Atta & Spices IPO?
by 5paisa Research Team
14 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 24-May-24
- IPO Price Range ₹ 48
- Listing Price ₹ 147
- Listing Change 206.3%
- Last Traded Price ₹ 140
- Current Change 191.7%
Hariom Atta & Spices IPO Details
- Open Date 16-May-24
- Close Date 21-May-24
- Lot Size 3000
- IPO Size ₹ 5.54 Cr
- IPO Price Range ₹ 48
- Min Investment ₹ 144,000
- Listing Exchange NSE SME
- Basis of Allotment 22-May-24
- Refunds 23-May-24
- Credit to Demat Account 23-May-24
- Listing Date 24-May-24
Hariom Atta & Spices IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 16-May-24 | - | 18.18 | 85.73 | 51.97 |
| 17-May-24 | - | 72.53 | 334.12 | 203.46 |
| 21-May-24 | - | 1,432.60 | 2,556.46 | 2,013.64 |
Hariom Atta & Spices IPO Synopsis
Last Updated: 21st May, 2024 by 5paisa
HOAC Foods India, also known as Hariom Atta & Spices IPO is all set to open from 16th May to 21st May 2024. The company produces, markets, and sells flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. The IPO includes a fresh issue of 1,155,000 shares worth ₹5.54 cr. The share allotment date is 22nd May 2024, and the IPO will be listed on 24th May 2024 on the stock exchanges. The price band is ₹48 and the lot size is 3000 shares.
GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Hariom Atta & Spices IPO
HOAC Foods India Limited plans to utilize the raised capital from the IPO to:
● To meet the working Capital requirement.
● General Corporate Purposes.
About Hariom Atta & Spices
Established in 2018, HOAC Foods India produces, markets, and sells flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. The company sells these products under the brand name “HARIOM” via its exclusive brand stores in Delhi NCR and nearby areas.
The company has 10 exclusive brand stores of which 4 are owned by the company and 6 are franchisee-owned outlets. It also operates in Direct-to-Customer (D2C) mode via its mobile app.
Peer Comparison
● Contil India Limited
● Jetmall Spices And Masala Limited
For More Information:
Webstory on Hariom Atta & Spices IPO
Hariom Atta & Spices Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 12.08 | 10.87 | 10.87 |
| EBITDA | 1.14 | 0.60 | 0.36 |
| PAT | 0.59 | 0.27 | 0.13 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 4.91 | 3.59 | 2.08 |
| Share Capital | 0.217 | 0.217 | 0.10 |
| Total Borrowings | 3.34 | 2.61 | 1.76 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.20 | -0.021 | -0.26 |
| Net cash from / (used in) investing activities | -0.24 | -0.074 | -0.22 |
| Net cash flow from / (used in) financing activities | 0.18 | 0.087 | 0.68 |
| Net increase (decrease) in cash and cash equivalents | -0.26 | 0.035 | 0.20 |
Hariom Atta & Spices IPO Key Points
-
Strengths
1. The company has a diversified product portfolio capable of capturing the growing Indian Flour, Spice & food market.
2. It has hyper-local delivery capability and cluster-based distribution through a retail outlet network.
3. It has strong client relationships.
4. It also has an in-house app which offers D2C services.
5. In-house manufacturing capabilities and robust supply-chain management are a big plus.
6. Its business model is sustainable.
7. The company also maintains high quality.
8. Experienced promoters and management team.
-
Risks
1. The company operates in a highly competitive market.
2. The operations are considerably located in Delhi -NCR only.
3. High working capital requirements.
4. It has reported negative cash flow in the past.
Hariom Atta & Spices
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Hariom Atta & Spices IPO FAQs
When does Hariom Atta & Spices IPO opens and closes?
Hariom Atta & Spices IPO opens from 16th May to 21st May 2024.
What is the size of Hariom Atta & Spices IPO?
The size of Hariom Atta & Spices IPO is ₹5.54 cr.
How to apply for Hariom Atta & Spices IPO?
To apply for Hariom Atta & Spices IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Hariom Atta & Spices IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Hariom Atta & Spices IPO?
The price band of Hariom Atta & Spices IPO is fixed at ₹48 per share.
What is the minimum lot size and investment required for Hariom Atta & Spices IPO?
The minimum lot size of Hariom Atta & Spices IPO is 3000 shares and the investment required is ₹1,44,000.
What is the allotment date of Hariom Atta & Spices IPO?
The share allotment date of Hariom Atta & Spices IPO is 22nd May 2024.
What is Hariom Atta & Spices IPO listing date?
The Hariom Atta & Spices IPO will be listed on 24th May 2024.
Who are the book runners for Hariom Atta & Spices IPO?
GYR Capital Advisors Private Limited is the book-running lead manager for Hariom Atta & Spices IPO.
What is the objective of Hariom Atta & Spices IPO?
Hariom Atta & Spices Limited plans to utilize the raised capital from the IPO to:
● To meet the working Capital requirement.
● General Corporate Purposes.
Contact Details of Hariom Atta & Spices IPO
Contact Information
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Hariom Atta & Spices IPO Lead Manager
GYR Capital Advisors Private Limited
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