HOAC Foods IPO: Issue subscribed over 19 times so far on Day 1; Check GMP, other key details of SME IPO
₹5.54 crore and entirely a fresh issue of 11.55 lakh equity shares. HOAC Foods IPO price band is ₹48 per share. The IPO lot size is 3,000 shares and the minimum investment amount required by retail investors is ₹144,000.
The company proposes to utilize the net issue proceeds towards funding the working capital requirements and general corporate purposes. Also Read: Mandeep Auto IPO allotment to be out today; latest GMP, 5 steps to check status Hariom Atta & Spices IPO allotment is expected to be finalized on Wednesday, May 22, and the equity shares of the company will be listed on NSE SME with a tentative listing date fixed on May 24. GYR Capital Advisors Pvt Ltd is the book running lead manager of the HOAC Foods IPO, while Kfin Technologies is the IPO registrar.
HOAC Foods India is a manufacturer of flour, spice, and other food products. As of December 2023, the company had 10 Exclusive Brand Outlets consisting of 4 owned by the company and 6 owned by franchisees. Its manufacturing facility is situated in Gurugram.
After knowing HOAC Foods IPO details, let us check HOAC Foods GMP today and subscription status. Also Read: Rulka Electricals IPO fully booked on Day 1 led by retail investors; Check latest GMP, subscription status, more. HOAC Foods IPO has been heavily oversubscribed on the first day of the bidding itself as it is receiving strong demand from retail investors. The subscription status shows that Hariom Atta & Spices IPO has been subscribed 19.75 times in total so far on May 16.
Read more on livemint.com
