How To Check HOAC IPO Allotment Status

The Hariom Atta & Spices IPO aimed at raising ₹5.54 crores, opened for subscription on May 16 and closed on May 21. The IPO is a fresh issue of 11.55 lakh shares, with no Offer for Sale (OFS) component. The HOAC IPO allotment status is set to be finalised today, May 22.

If you applied for the IPO, here is how you can check the HOAC IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the HOAC IPO allotment status

  1. Visit the registrar's website.
  2. If the allotment is finalised you will see "Hariom Atta & Spices" on the page in the dropdown menu.
  3. Below that would be the option to search from Demat Account or PAN card or Application number.
  4. Enter your ID as per your selection.
  5. Click ‘Submit' to retrieve your HOAC IPO allotment status.

The HOAC IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

HOAC IPO Subscription Status

On the final day of bidding the HOAC IPO closed with a robust response from investors across categories reaching a total subscription of 1,994 times, receiving bids for 211.82 crore shares. The Non-Institutional Investors (NIIs) category has shown a strong interest, bidding 1,432.60 times the allotted shares. The Retail Individual Investors (RIIs) category’s subscription stood at 2,556 times.

The IPO’s allocation structure reserves not more than 50% of the shares for QIBs, a minimum of 15% for NIIs, and a minimum of 35% for Retail Investors.

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The HOAC IPO GMP is currently reported at ₹175. This is a jump from the ₹151 reported on Tuesday. With the IPO price band of ₹48, the estimated listing price is ₹223, indicating a potential gain of 364.58% per share. However, it’s crucial to note that while GMPs can provide some insight into market sentiment towards an IPO, they should not be considered as the sole determinant of the stock’s performance upon listing.

HOAC IPO Details

The IPO price for Hariom Atta & Spices is set at ₹48 per share, with a minimum lot size of 3,000 shares for retail investors, requiring a minimum investment of ₹144,000. The company plans to use the net proceeds from the IPO for prepayment or scheduled repayment of existing borrowings, financing working capital requirements, and general corporate purposes. The HOAC IPO is expected to list on Friday, May 24, on the NSE SME.

About Hariom Atta & Spices

Established in 2018, HOAC Foods India Limited, trading as Hariom Atta & Spices, manufactures flour, spices, and other food products. The “HARIOM” brand markets and sells products such as chakki atta, herbs & spices, unpolished pulses, grains, and yellow mustard oil in the Delhi-NCR region through exclusive brand outlets. As of December 31, 2023, the company operated 10 Exclusive Brand Outlets, with 4 owned by the company and 6 by franchisees. The company has a manufacturing facility located in Gurugram.

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Posted In: NewsIPOsHariom Atta & Spices