HOAC Foods India Ltd. has announced public offering of 1155000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 38.00 per share. The gross proceeds of the issue are expected to be Rs 554.40 lakhs.

The company's initial public offer (IPO) will open on 16 May 2024 and is expected to close on 21 May 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1155000 Equity Shares of the Company at an price of Rs 48.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

HOAC Foods India Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.