PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Sunday, July 27
    Trending
    • VinFast Inaugurates Surat Dealership, Strengthens Nationwide EV Network
    • Streax Professional Announces Hairstyle Icon 2025 With OMG Face Of The Year: Calling India’s Hairstylists To Take Centre Stage
    • OMG Face of the Year Season 3 Returns: Bigger, Brighter, and More Glamorous Than Ever
    • Captain Polyplast Ltd. Awarded LOA for Supply of Solar Pumps under PMKUSUM in Gujarat
    • Fraganta by Leena Jain Unveils Its Debut Perfume Pair – Ganga and Jogi – A Revolutionary Ode to Indian Luxury
    • SBI and Fitistan Lead India’s Largest Tribute to Kargil War Heroes Through a Record-Breaking step Challenge
    • The Insight Tribe: Advancing Healthcare Through Informed Innovation and Strategic Consulting
    • SBM Gold Announces Expansion Into uPVC Doors and Windows, Reinforces Market Leadership in Building Solutions
    Submit News
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Business

    HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)

    PNN NewsdeskPNN Newsdesk Business 2 Mins Read
    A success for HOAC Foods India! The "HARIOM" brand company secured ₹1,000 Lakhs via its inaugural QIP, reflecting robust market trust.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.

    Investors participating in this QIP include NINE ALPS OPPORTUNITY FUND, HOLANI VENTURE CAPITAL FUND, MILI CAPITAL INVESTMENT TRUST, PARADISE MOON INVESTMENT FUND I, MONEYWISE FINANCIALSERVICES PRIVATE LIMITED, SWYOM INDIA ALPHA FUND, CHANAKYA OPPORTUNITIES FUND 1, Beacon Stone Capital VCC – Beacon Stone I, SAINT CAPITAL FUND.

    The proceeds from the QIP will be strategically deployed to accelerate HOAC Foods India Limited growth plans. These include funding working capital requirement for the expected rapid growth in the coming years.

    Commenting on the fund raise, Mr. Rambabu Thakur, Managing Director said: “The overwhelming response to our QIP from investors is a testament to their trust in HOAC Foods India Limited vision and strategy. The successful completion of this QIP, marks a pivotal moment in our journey. The raised capital will fortify our working capital requirements and ensure to maintain robust growth momentum.”

    The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited.

    “Mahek Sejwani from GYR Capital said, ‘GYR Capital is proud to have successfully closed the QIP of HOAC India Ltd., marking yet another milestone in our association. From a successful IPO to scaling exports and now institutional fundraising, HOAC’s journey reflects consistent growth and strategic execution.”

    If you object to the content of this press release, please notify us at [email protected]. We will respond and rectify the situation within 24 hours.

    PNN Newsdesk

    Keep Reading

    VinFast Inaugurates Surat Dealership, Strengthens Nationwide EV Network

    Streax Professional Announces Hairstyle Icon 2025 With OMG Face Of The Year: Calling India’s Hairstylists To Take Centre Stage

    OMG Face of the Year Season 3 Returns: Bigger, Brighter, and More Glamorous Than Ever

    Captain Polyplast Ltd. Awarded LOA for Supply of Solar Pumps under PMKUSUM in Gujarat

    Fraganta by Leena Jain Unveils Its Debut Perfume Pair – Ganga and Jogi – A Revolutionary Ode to Indian Luxury

    SBI and Fitistan Lead India’s Largest Tribute to Kargil War Heroes Through a Record-Breaking step Challenge

    Recent Posts
    • VinFast Inaugurates Surat Dealership, Strengthens Nationwide EV Network
    • Streax Professional Announces Hairstyle Icon 2025 With OMG Face Of The Year: Calling India’s Hairstylists To Take Centre Stage
    • OMG Face of the Year Season 3 Returns: Bigger, Brighter, and More Glamorous Than Ever
    • Captain Polyplast Ltd. Awarded LOA for Supply of Solar Pumps under PMKUSUM in Gujarat
    • Fraganta by Leena Jain Unveils Its Debut Perfume Pair – Ganga and Jogi – A Revolutionary Ode to Indian Luxury

    VinFast Inaugurates Surat Dealership, Strengthens Nationwide EV Network

    26/07/2025

    Streax Professional Announces Hairstyle Icon 2025 With OMG Face Of The Year: Calling India’s Hairstylists To Take Centre Stage

    26/07/2025

    OMG Face of the Year Season 3 Returns: Bigger, Brighter, and More Glamorous Than Ever

    26/07/2025

    Captain Polyplast Ltd. Awarded LOA for Supply of Solar Pumps under PMKUSUM in Gujarat

    26/07/2025

    Fraganta by Leena Jain Unveils Its Debut Perfume Pair – Ganga and Jogi – A Revolutionary Ode to Indian Luxury

    26/07/2025

    SBI and Fitistan Lead India’s Largest Tribute to Kargil War Heroes Through a Record-Breaking step Challenge

    26/07/2025
    Facebook Instagram Twitter
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us
    • About Us
    © 2025 PNN Digital. Designed by Primex Media Services.

    Type above and press Enter to search. Press Esc to cancel.