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Hariom Atta IPO
Price Band
₹
Issue Size
₹5.54 Cr
Lot Size
3,000 shares
Min Investment
₹144,000
GMP
+₹145.0 (302.08%)
Issue Price
₹48.0
Subject to Sauda
₹330600
Paid only if allotted
Hariom Atta IPO AI Summary
- Hariom Atta IPO is listed on NSE SME in the Other Food Products sector.
- Subscription window: 16 May–21 May 2024, listing on 24 May 2024.
- Current GMP is +₹145.0 (302.08%) — unofficial and can change daily.
HOAC Foods India Limited is entering the market with a focus on flour and spices, backed by a growing operational revenue and a strategic plan for the use of IPO proceeds. Investors should consider their risk profile and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Hariom Atta IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Hariom Atta IPO Grey Market Premium (GMP) Today
GMP
+₹145.0
GMP %
+302.08%
Est. Listing
₹193.0
Updated: 25 Jul 2026 14:05
About the Company
Incorporated in 2018, HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand name "HARIOM" is used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in and around Delhi-NCR through exclusive brand outlets. As of Dec 31, 2023, the company had 10 Exclusive Brand Outlets which consisted of 4 owned by the company and 6 owned by franchisees. The outlets sold only the company's products, and the sales and marketing team had 12 employees. The company has a manufacturing facility in Gurugram. The company's operational revenues for the nine months ended on December 31, 2023, and for the financial years ending on Fiscals 2023, 2022, and 2021 were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs, and ₹ 742.26 lakhs, respectively. The product portfolio of the company consists of 153 product SKUs of ground and blended spices. As of December 31, 2023, the company employs 50 people in various departments.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 7.66 | 4.92 | 3.60 | 2.08 |
| Total Income | 11.55 | 12.19 | 10.94 | 7.46 |
| Profit After Tax | 0.75 | 0.59 | 0.27 | 0.13 |
| NET Worth | 3.16 | 1.57 | 0.98 | 0.32 |
| Reserves and Surplus | 0.47 | 1.35 | 0.76 | 0.22 |
| Total Borrowing | 2.04 | 1.90 | 1.48 | 1.28 |
Key Ratios
EPS
₹2.19
NAV
₹11.74
ROE
23.60%
ROCE
23.43%
RoNW
23.60%
P/B Value
4.09
P/E Ratio
21.95
Market Cap
₹18.45 Cr
PAT Margin
6.49%
Debt/Equity
0.27
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Jetmall Spices And Masala Ltd | 16.22 | 0.03% | 32.65 | 0.49 | 0.49 |
| Contil India Ltd. | 2381.46 | 8.46% | 77.11 | 2.01 | 2.01 |
| HOAC Foods India Limited This IPO | 11.74 | 0.37% | 16.9 | 2.84 | 2.84 |
Promoters
Rambabu Thakur, Gaytri Thakur and Yashwant Thakur
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of the company 3.50 2 General Corporate Purpose 1.46
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Operational revenue was ₹1,148.59 lakhs for the nine months ended December 31, 2023, compared to ₹1,208.56 lakhs for the fiscal year ending March 31, 2023. This indicates a slight decrease in revenue, though the latest figure is a 9-month total and not directly comparable to the full year.
Profit Trend
Profit After Tax was ₹0.75 Cr for the nine months ended December 31, 2023, up from ₹0.59 Cr for the fiscal year ending March 31, 2023. This shows an increase in profitability, although the latest figure is not a full-year total, making direct comparisons challenging.
Valuation
At the issue price of ₹48.0, HOAC Foods India Limited has an implied P/E ratio of 16.9, compared to peers trading at P/E ratios ranging from 32.65 to 77.11.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which an IPO is expected to list on the stock exchange compared to its issue price. A high GMP suggests strong demand and potential for listing gains, but it is not guaranteed.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable, low-risk investments or those who are not familiar with the food products sector may want to avoid this IPO.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some investors may profit from a rise in share price on the first day of trading, others may experience losses if the stock does not perform as expected.
This evaluation is generated from Hariom Atta's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Hariom Atta IPO GMP today?
Hariom Atta IPO GMP today is +₹145.0 (302.08%). GMP is an unofficial grey-market indicator and can change daily.
When does Hariom Atta IPO open and close?
Hariom Atta IPO opens on 16 May 2024 and closes on 21 May 2024.
When does Hariom Atta IPO list on the stock exchange?
Hariom Atta IPO listed on 24 May 2024 at ₹193.0.
What is the lot size for Hariom Atta IPO?
The lot size for Hariom Atta IPO is 3000 shares, requiring a minimum investment of ₹144,000.
What is the lot size for this IPO?
The lot size for this IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹144,000.
What is the price band for this IPO?
The price band for this IPO has not been specified.
What is the listing date for this IPO?
The listing date for this IPO is May 24, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 May 2024
Close
21 May 2024
Allotment
22 May 2024
Listing
24 May 2024
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