Business Standard

Hoac Foods India Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.54 cr

Price Range (₹)

48

Lot Size

3000

Min Investment (₹)

1,44,000.00

Listing Exchange

NSE - SME

Open Date

16-May-2024

Close Date

21-May-2024

Listing Date

24-May-2024

Hoac Foods India Ltd News

    The Shares of Hoac Foods India Ltd have now been listed.

    Hoac Foods India Ltd IPO Details

    Public issue of up to 11,55,000 equity shares of face value Rs. 10 each (Equity Shares) of Hoac Foods India Limited (the Company or the Issuer) for cash at a price of Rs. 48 per equity share (including a securities premium of Rs. 38 per equity share) (the Issue Price), aggregating upto Rs. 5.54 crores (Issue) of the issue, 93,000 equity shares aggregating to Rs. 0.45 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 10,62,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 48 per equity share aggregating to Rs. 5.09 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 30.05 % and 27.63 %, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price is 4.8 times of the face value.

    Objective of issue

    Funding the working capital requiremnts of the company. General corporate purposes.

    Hoac Foods India Ltd Contact Details

    Hoac Foods India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - info@attahariom.com

    Website - www.hoacfoodsindia.com