CURRENT IPO UPDATE (HOAC & RULKA)

Current IPO Recommendation With GMP

HOAC Foods India Limited

HOAC Foods India Limited (Hariom Atta & Spices) specializes in producing a range of products including flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil. These products are marketed and sold under the brand name "HARIOM" through their Exclusive Brand Outlets in and around the Delhi-NCR region.

Issue Open	May 16, 2024 - May 21, 2024
Issue Type	Book Built Issue IPO
Issue Size	1,155,000 Equity Shares
Investment Required	1,44,000
Face Value	10 Per Equity Share
Price Band	48 Per Equity Share
Market Lot	3000 Shares
Listing Date	May 24, 2024
Listing At	NSE SME

RECOMMENDATION

Current GMP %	Around 200%
Our Recommendation	Apply Strongly

Rulka Electricals Limited

Rulka Electricals operates as a turnkey projects contractor, providing comprehensive solutions for Electrical and Fire Fighting projects. Their extensive range of services includes Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turnkey Electrical Warehousing Projects, Commercial Industrial Electrical Services, Maintenance Services, Electrical Contracting, and Data & Voice Cabling Installation. Serving the Industrial, Commercial, Retail, and Theatre sectors, Rulka Electricals offers electrical contracting services for all types of industrial plants.

Issue Open	May 16, 2024 - May 21, 2024
Issue Type	Book Built Issue IPO
Issue Size	1,123,000 Equity Shares
Investment Required	1,41,000
Face Value	10 Per Equity Share
Price Band	235 Per Equity Share
Market Lot	600 Shares
Listing Date	May 24, 2024
Listing At	NSE SME

RECOMMENDATION

Current GMP %	More than 200%
Our Recommendation	Apply Strongly