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HOAC FOODS INDIA IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
HOAC FOODS INDIA Limited Day Wise IPO GMP Trend
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HOAC FOODS INDIA Limited IPO GMP
The Hariom Atta & Spices IPO is a fixed price issue totaling Rs 5.54 crores, consisting entirely of a fresh issue of 11.55 lakh shares. The subscription period for this IPO opened on May 16, 2024, and will close on May 21, 2024. The allotment is anticipated to be finalized on May 22, 2024, with the shares expected to list on the NSE SME on May 24, 2024.
Priced at ₹48 per share, the minimum lot size for an application is 3,000 shares, requiring a minimum investment of ₹144,000 for retail investors. High Net-worth Individuals (HNIs) must invest in a minimum of 2 lots, amounting to 6,000 shares or ₹288,000.
GYR Capital Advisors Private Limited is serving as the book running lead manager for the IPO, with Kfin Technologies Limited as the registrar and Giriraj Stock Broking as the market maker.
Company proposes to utilize the funds towards:
- Funding the working capital requirements of the company
- General Corporate Purposes
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