HOAC Foods India listing: The shares of Hariom Atta & Spices or HOAC Foods made a bumper market debut after listing at ₹147- a premium of 206 per cent over the issue price of ₹48 on the NSE SME platform. The listing missed grey market estimates where shares were trading at a premium of over 300 per cent.
HOAC Foods India lists at 206% premium over IPO price on NSE SME
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The IPO- which is worth ₹5.54 crore public offer- is a fresh issue of 11.55 lakh shares. The issue was subscribed over 2,000 times with retail individual investors buying 2,556 times their allotted quota, while non-institutional investors bought 1,433 times their reserved portion.
Through the IPO, the company plans to raise money for funding working capital requirements and general corporate purposes. The price band of the IPO was fixed at ₹48.
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Home/Business/HOAC Foods India lists at 206% premium over IPO price on NSE SME
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