The initial public offering of HOAC Foods India Ltd, which closed for bidding on May 21, received a blockbuster response from the investors with an overall subscription of 2,013.64 times on the last of bidding. The overall subscription breakdown is as follows: Non-institutional buyers (NII) subscribed 1,432.60 times, and retail investors subscribed 2,556.46 times, as per chittorgarh.com.
The subscription for HOAC Foods IPO (or Hariom Atta & Spices IPO) opened for public on Thursday, May 16.
The SME IPO of the company, which manufactures flour and spices is a fixed price issue, raising Rs 5.54 crore by offering 11.55 lakh new shares at Rs 48 per share. Investors could apply for a minimum of 3000 shares, costing Rs 144,000.
The allotment for Hariom Atta & Spices IPO was finalised on Wednesday, May 22.
Investors can check Hariom Atta & Spices IPO allotment status on the official website of Kfin Technologies Limited, the registrar for the issue.
How to check Hariom Atta & Spices IPO allotment status on Kfin Technologies
Visit the Kfin Technologies website here: https://ris.kfintech.com/ipostatus/.
Click on any of the links displayed to view IPO Allotment Status.
Choose "Hariom Atta & Spices Limited" from the drop-down list. (Name will be populated once the allotment is finalised).
Choose one of the three options: Application number, Demat Account number, or PAN ID.
Enter your application number or PAN or DPID.
Complete the 'captcha'.
Click the "Submit" button.
View your allotment details.
Download/print the allotment status for your records.
Hariom Atta & Spices IPO Listing Date
The HOAC Foods IPO listing will take place on Friday, May 24 on NSE SME.
Hariom Atta & Spices IPO Timeline (Tentative Details)
IPO Open Date: Thursday, May 16
IPO Close Date: Tuesday, May 21
Basis of Allotment: Wednesday, May 22
Initiation of Refunds: Thursday, May 23
Credit of Shares to Demat: Thursday, May 23
Listing Date: Friday, May 24
Investors who received shares will have their demat accounts credited on May 23. The refund procedure will begin on Thursday, as soon as the allotment is finalised.
About Hariom Atta & Spices Limited
HOAC Foods India Limited, established in 2018, produces flour, spices, and other food products under the "HARIOM" brand. They sell items like flour, herbs, spices, pulses, grains, and mustard oil in Delhi-NCR through 10 exclusive brand outlets, with 4 company-owned and 6 franchised. The company has a manufacturing facility in Gurugram and employs 50 people.
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