HOAC Foods India Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹48 - ₹48
- Lot size
- 3,000 shares
- Issue amount
- ₹5.54 cr
- Total subscription
- 1,994.62×
- Opens
- 16 May 2024
- Closes
- 21 May 2024
- Allotment
- 22 May 2024
- Listing
- 24 May 2024
Offer at a glance
Issue overview
- Issue size
- 11,55,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹5.54 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 26,88,210
- Shares after issue
- 38,43,210
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,44,000 |
| HNI | 2 | 6,000 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 2.56 | 6,515.9 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.84 | 3.19 | 2.31 |
| ROE | 23.6 | 37.48 | 27.87 |
| ROCE | 23.43 | 30.12 | 21.97 |
| RONW | 23.6 | 37.48 | 27.87 |
| PRE IPO(PE) | 4.09 | 0 | 0 |
| POST IPO(PE) | 21.95 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
HOAC Foods India Limited was founded in 2018 and is known for making high-quality flour, spices, and food products under the brand name "HARIOM". Based in Delhi-NCR, the company offers a wide range of products like chakki atta (flour), spices, herbs, pulses, grains, and yellow mustard oil. Their manufacturing unit is located in Gurugram, ensuring top-notch quality and efficiency. As of December 31, 2023, HOAC Foods operates 10 Exclusive Brand Outlets — 4 company-owned and 6 franchise stores — selling only their products. With a team of 12 sales and marketing professionals and 50 employees overall, the company is growing fast. HOAC Foods reported revenues of ₹1,148.59 lakhs for the nine months ending December 31, 2023, showing consistent growth over the past few years. Offering 153 product SKUs, HOAC Foods is carving its place in the competitive food market with a focus on quality, innovation, and customer satisfaction.
Strengths
- Experienced Management Team: HOAC Foods India Limited is led by an experienced team with strong industry knowledge, capable of overcoming challenges and driving business growth.
- Unique and Sustainable Business Model: The company follows a unique and sustainable business model that adapts to market changes, ensuring long-term stability and consistent growth.
- Diversified Product Portfolio: Offering a wide variety of products in the growing Indian spice market, HOAC Foods is well-positioned to meet changing customer demands, boosting its market share and revenue potential.
Risk factors
- Dependence on Suppliers: The company relies on outside suppliers for key products like pulses, rice, spices, grains, and sugar. This can lead to risks like price changes, quality issues, or delays in getting products.
- Limited Presence in Delhi-NCR: Most of the company's business is concentrated in the Delhi-NCR region. If the company doesn't expand to other areas, its growth could be limited. It also makes the business more vulnerable to local economic slowdowns, competition, or government policy changes.
- Regulatory Risks: Changes in government rules for the company's products or its customers could negatively impact business operations and profits. Staying updated on regulations and following compliance measures is crucial.
Promoters
Mr. Rambabu Thakur
Mrs. Gaytri Thakur
Yashwant Thakur
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
D-498, 1st Floor Palam Extension Sector-7 Dwarka, Raj Nagar - II,South West Delhi New Delhi- 110077
+91 85272 73940
[email protected]Company website ↗Understanding HOACFOODS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.