HOAC Foods India lists at 206% premium over IPO price on NSE SME

HOAC Foods India listing missed grey market estimates where shares were trading at a premium of over 300 per cent.

Updated on: May 24, 2024, 10:25:23 IST

By HT News Desk

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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

HOAC Foods India IPO

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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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HT News Desk
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HOAC Foods India lists at 206% premium over IPO price on NSE SME

HOAC Foods India listing missed grey market estimates where shares were trading at a premium of over 300 per cent.

HOAC Foods India IPO

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