Hoac Foods India Details Utilization of Funds Raised Through IPO and QIP Proceeds
Hoac Foods India Limited has provided a statement detailing the utilization of net proceeds raised through its Initial Public Offering (IPO) and Qualified Institutions Placement (QIP) as of March 31, 2026. The review of the company's books of accounts verified the allocation and use of funds raised for the respective corporate objects.IPO Fund Utilization
The company raised a total of 554.40 Lakhs through the IPO. The utilization of these funds towards the stated objects for the year ended March 31, 2026, is detailed below:| Object of Fund Allocation | Amount Disclosed in Offer Document (Rs. In Lakhs) | Actual Utilized Amount (As on March 31, 2026) | Unutilized Amount (As on March 31, 2026) |
|---|---|---|---|
| To Meet Working Capital Requirement of the company | 350.00 | 350.00 | 0.00 |
| Corporate Purpose | 145.50 | 145.50 | 0.00 |
| Total | 554.40 | 554.40 | 0.00 |
The funds raised through the IPO were utilized entirely, with zero unutilized funds reported as of March 31, 2026.
QIP Fund Utilization
For the QIP proceeds, the company raised a total of 922.77 Lakhs. The utilization status for the QIP funds as of March 31, 2026, is presented in the table below:| Object of Fund Allocation | Amount Disclosed in Offer Document (Rs. In Lakhs) | Actual Utilized Amount (Net Proceeds) | Unutilized Amount (As on March 31, 2026) |
|---|---|---|---|
| Working Capital Requirement of the Company | 785.00 | 31st 2026 | 510.00 |
| Corporate Purpose | 137.77 | 137.77 | 0.00 |
| Total | 922.77 | 412.77 | 510.00 |
As of March 31, 2026, the company reported unutilized funds of 510.00 Lakhs from the QIP proceeds.
The review noted that the QIP funds were raised during the half-year ended September 30, 2025, and the unutilized funds have been temporarily parked in a Fixed Deposit.
HOACFOODS Stock Price Movement
As of 2:57 PM, shares of Hoac Foods India Limited are slipping by 5.00% in live trading, currently at ₹489.4. The stock is seeing a reported volume of 6,000 shares, indicating selling pressure across the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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