HOAC Foods IPO: Check Subscription Status, GMP Today.
Unlisted shares of HOAC Foods India Limited are trading Rs 100 higher in the grey market, expecting a whopping 208.33 per cent listing gain from the public issue
HOAC Foods IPO: The initial public offering of HOAC Foods India Ltd, which was opened for public subscription on Thursday, has received a whopping response from investors. Till 10:53 am on the second day of bidding on Friday, the Rs 5.54-crore SME IPO received a whopping 86.17 times subscription, garnering bids for 9,15,12,000 shares as against 10,62,000 shares on offer.
The HOAC Foods IPO (or Hariom Atta & Spices IPO) will be closed on May 21.
The retail category has received a 142.31 times subscription, while the non-institutional investor (NII) category got a 29.99 times subscription.
The HOAC Foods IPO allotment will likely be finalised on May 22, while the listing will take place on May 24 on the NSE SME.
The price the IPO was fixed at Rs 48 per share.
HOAC Foods IPO GMP Today
According to market observers, unlisted shares of HOAC Foods India Limited are trading Rs 100 higher in the grey market as compared with its issue price. The Rs 100 grey market premium or GMP means the grey market is expecting a whopping 208.33 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
About HOAC Foods IPO
The Hariom Atta & Spices IPO is entirely a fresh issue of 11.55 lakh shares.
The price of the Hariom Atta & Spices IPO is Rs 48 per share. Investors can apply for a minimum lot size of 3,000 shares, with a minimum investment amount of Rs 144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to Rs 2,88,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Hariom Atta & Spices IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Hariom Atta & Spices IPO is Giriraj Stock Broking.
