HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand name “HARIOM” is used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in and around Delhi-NCR through exclusive brand outlets.
As of Dec 31, 2023, the company had 10 Exclusive Brand Outlets which consisted of 4 owned by the company and 6 owned by franchisees. The outlets sold only the company’s products, and the sales and marketing team had 12 employees.
The company has a manufacturing facility in Gurugram. The product portfolio of the company consists of 153 product SKUs of ground and blended spices.
As of December 31, 2023, the company employs 50 people in various departments.
HOAC Foods India IPO – Details
| IPO Opening Date | 16 May 2024 |
| IPO Closing Date | 21 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 11,55,000 Shares Worth ₹5.54 Crore Fresh Issue: 11,55,000 Shares Worth ₹5.54 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹48 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
HOAC Foods India IPO – Date Schedule
| IPO Open Date | 16 May 2024 |
| IPO Close Date | 21 May 2024 |
| Basis of Allotment | 22 May 2024 |
| Initiation of Refund | 23 May 2024 |
| Credit of Shares to Demat Account | 23 May 2024 |
| IPO Listing Date | 24 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 21, 2024 |
HOAC Foods India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | ₹1,44,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,44,000 |
| HNI (Minimum) | 2 | 6000 | ₹2,88,000 |
Competitive Strengths
- Experienced Management team having domain knowledge to scale up and expand into new opportunities;
- Unique and Sustainable business model;
- Diversified Product Portfolio capable of capturing growing Indian Spice market;
- Omni channel Approach;
- Cluster-based distribution through retail outlet network;
- Increasing Same Store Sales Growth through incentives & training to retail outlet employees and for company’s sales team;
- In-house Manufacturing capabilities;
- Consistent focus on quality and maximum nutritional value;
- Strong and stable management team with proven ability;
- Long Standing Relationship with their customers;
- Robust Supply-chain Management;
- Strategic Location of company’s Warehousing Units;
- Scalable Business Model;
Company Promoters
- Mr. Rambabu Thakur
- Mrs. Gaytri Thakur
- Yashwant Thakur
Object Of The Issue
- Funding the working capital requirements of the company.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 7.46 | 7.28 | 0.12 | 1.28 |
| 31 March 2022 | 10.94 | 10.56 | 0.27 | 1.47 |
| 31 March 2023 | 12.19 | 11.37 | 0.58 | 1.90 |
| 31 December 2023 | 11.54 | 10.51 | 0.74 | 2.04 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.60% |
| ROCE | 23.43% |
| Debt/Equity | 0.27 |
| RoNW | 23.60% |
| P/BV | 4.09 |
| PAT Margin (%) | 6.49 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.19 | 2.58 |
| P/E (x) | 21.95 | 18.57 |
HOAC Foods India IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.95% |
HOAC Foods India IPO Prospectus
Company Contact Information
| HOAC Foods India Limited D-498, 1st Floor Palam Extension Sector-7 Dwarka, Raj Nagar – II,South West Delhi New Delhi- 110077 Phone: +91 85272 73940 Email: info@attahariom.com Website: https://hoacfoodsindia.com/ |
HOAC Foods India IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
HOAC Foods India IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
HOAC Foods India IPO FAQs
| What is HOAC Foods India IPO? HOAC Foods India IPO is a SME IPO. The issue is priced at ₹48 per equity share. The IPO is to be listed on NSE SME. |
| When HOAC Foods India IPO will open? The IPO is to open on 16 May 2024 for Retails – 50.00% and Other – 50.00% Investors. |
| How to HOAC Foods India IPO? You can apply for HOAC Foods India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the HOAC Foods India IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “HOAC Foods India”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the HOAC Foods India IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “HOAC Foods India”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is HOAC Foods India IPO Size? HOAC Foods India IPO size is ₹5.54 crores. |
| What is HOAC Foods India IPO Price Band? HOAC Foods India IPO Price Band is ₹48. |
| What is HOAC Foods India IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,44,000 amount while the maximum bid is 3000 shares with ₹1,44,000. |
| What is the HOAC Foods India IPO Allotment Date? HOAC Foods India IPO allotment date is 22 May 2024. |
| What is the HOAC Foods India IPO Listing Date? HOAC Foods India IPO listing date is 24 May 2024. The IPO is to list on NSE SME. |
