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hariom atta & spices ipo

Hariom Atta & Spices IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 3000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 May 2024

  • Listing Price

    ₹ 147.00

  • Listing Change

    206.25%

  • Last Traded Price

    ₹ 150.00

IPO Details

  • Open Date

    16 May 2024

  • Close Date

    21 May 2024

  • IPO Price Range

    ₹ 48

  • IPO Size

    ₹ 5.54 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    24 May 2024

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IPO Timeline

Hariom Atta & Spices IPO Subscription Status

Last Updated: 28 May 2024 12:44 PM by 5Paisa

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.

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

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


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. 
 

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FAQs

Hariom Atta & Spices IPO opens from 16th May to 21st May 2024.
 

The size of Hariom Atta & Spices IPO is ₹5.54 cr. 
 

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.
 

The price band of Hariom Atta & Spices IPO is fixed at ₹48 per share. 
 

The minimum lot size of Hariom Atta & Spices IPO is 3000 shares and the investment required is ₹1,44,000.
 

The share allotment date of Hariom Atta & Spices IPO is 22nd May 2024.

The Hariom Atta & Spices IPO will be listed on 24th May 2024.
 

GYR Capital Advisors Private Limited is the book-running lead manager for 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.