HOAC Foods India Limited IPO

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16th – 21st May 2024
24 May 2024
₹48 – ₹48
3000 shares (₹144000)

About


HOAC Foods India Limited is launching its IPO. The IPO opens for subscription on 16th May and will close on 21st May 2024.

Disclaimer: This stock will trade with a lot size of 3000 shares in the SME segment on the listing.

What does HOAC Foods India Limited do?

Incorporated in 2018, HOAC Foods India Limited specializes in the production of food products such as flour (chakki atta), herbs & spices, unpolished pulses, and grains. The brand name “HARIOM” is utilized to market these products primarily within the Delhi-NCR region. The company’s infrastructure includes 10 Exclusive Brand Outlets, consisting of four company-owned and six franchisee-owned locations.

The manufacturing operations are based in Gurugram, where the facility is equipped to handle various production stages including cleaning, drying, grading, grinding, and packaging. This facility produces a wide range of products, collectively encompassing 153 SKUs such as spices, oils, various flours, and grains.

Schedule/Timeline of HOAC Foods India Limited IPO

Issue Period 16th May to 21st May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 22, 2024
Initiation of Refunds May 23, 2024
Credit of Shares May 23, 2024
Date of Listing May 24, 2024
Mandate end date June 05, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 21, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 22, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the HOAC Foods India Limited IPO?

You can apply for the HOAC Foods India Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for HOAC Foods India Limited IPO?

You can check the allotment status for the HOAC Foods India Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.