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HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)
New Delhi [India], July 4: HOAC FOODS INDIA LIMITED, a primarily engaged in the manufacturing and distribution of high-quality natural food products under the brand name “HARIOM”, offering a diverse range that includes chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil, has successfully raised ₹1,000.00 Lakhs through its first-ever [...]
New Delhi [India], July 4: HOAC FOODS INDIA LIMITED, a primarily engaged in the manufacturing and distribution of high-quality natural food products under the brand name “HARIOM”, offering a diverse range that includes chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil, has successfully raised ₹1,000.00 Lakhs through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on June 30, 2025, and closed on July 03, 2025, saw significant interest from investors, underscoring strong confidence in the company’s strategic vision and market position.
HOAC Foods India Limited allocated 4,97,250 equity shares, each with a face value of ₹10, to qualified institutional buyers (QIBs) at an issue price of ₹201 per share. This pricing represents a discount of approximately 5.00% to the QIP floor price of ₹210.64 per share, as determined by SEBI regulations. The QIP was fully subscribed, reflecting the high demand and investor confidence in HOAC Foods India Limited.
