HOAC Foods India Limited IPO Detail
Incorporated in 2018, 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 company's operational revenues for the nine months ended on December 31, 2023, and for the financial years ending on Fiscals 2023, 2022, and 2021 were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs, and ₹ 742.26 lakhs, respectively.
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.
Company Promoters
Mr. Rambabu Thakur, Mrs. Gaytri Thakur and Yashwant Thakur.IPO Details
| IPO Opening Date | May 16, 2024 |
| IPO Closing Date | May 21, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹48 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹5.54 Cr |
| Fresh Issue | ₹5.54 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Tentative Timetable
The HOAC Foods India Limited IPO open date is May 16, 2024, and the close date is May 21, 2024. The issue may list on May 24, 2024.
| IPO Open Date | May 16, 2024 |
| IPO Close Date | May 21, 2024 |
| Basis of Allotment Date | May 22, 2024 |
| Initiation of Refunds | May 23, 2024 |
| Credit of Shares to Demat Account | May 23, 2024 |
| IPO Listing Date | May 24, 2024 |
IPO Lot Size
The HOAC Foods India Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹144000 |
| Maximum | 1 | 3000 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.95% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 208.33 | 746.28 | 12.85 |
| 31-Mar-22 | 359.71 | 1094.03 | 27.33 |
| 31-Mar-23 | 491.72 | 1219.05 | 58.79 |
| 31-Dec-23 | 766.40 | 1154.71 | 74.50 |
Objects of the Issue:
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
HOAC Foods India Limited IPO Registrar:
KFin Technologies Limited
HOAC Foods India Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
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
