IPO Details
Bidding Dates
16 May 24 - 21 May 24
Price Range ₹
48 - 0
Total Equity
₹ 5.76Cr
Lot Size
3000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
16 May 2024
Offer end
21 May 2024
Allotment
22 May 2024
Refund initiation
23 May 2024
Demat transfer
23 May 2024
Listing
24 May 2024
Offer start
16 May 2024
Offer end
21 May 2024
Allotment
22 May 2024
Refund initiation
23 May 2024
Demat transfer
23 May 2024
Listing
24 May 2024
About Company
Established in 2018, HOAC Foods India Limited specializes in manufacturing flour, spices, and other food items. It markets its products under the brand name "HARIOM" and primarily operates in the Delhi-NCR region through exclusive brand outlets, offering items such as chakki atta, herbs, spices, unpolished pulses, grains, and yellow mustard oil. As of December 31, 2023, the company operated 10 Exclusive Brand Outlets, comprising 4 owned by the company and 6 by franchisees, exclusively selling its products. The sales and marketing team consisted of 12 employees. HOAC Foods India Limited operates a manufacturing facility located in Gurugram. The company reported operational revenues of ₹1,148.59 lakhs for the nine months ending December 31, 2023, and for the fiscal years ending in 2023, 2022, and 2021, revenues were ₹1,208.56 lakhs, ₹1,087.27 lakhs, and ₹742.26 lakhs, respectively. With a product portfolio comprising 153 product SKUs of ground and blended spices, the company has diversified offerings.
Year Founded
13-03-2018
Promotor Details
Yashwant Thakur
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.99 | 0 |
| Share Capital | 2688010 | 0 |
Offer to Public
12,00,000.00 Cr
Project Details
- None - Nonecr
Objectives
- a) Funding the working capital requirements of the companyb) General Corporate Purposes
Highlights
- HOAC Foods India Limited has a sustainable presence in the Delhi-NCR region, which provides a stable revenue stream and market base.
- The company offers a diverse range of products including flour, spices, pulses, and mustard oil, catering to varied consumer preferences and increasing market opportunities.
- Leveraging technology, the company has an online distribution network through its mobile app and website, enhancing accessibility and reaching a wider consumer base.
- With a manufacturing facility in Gurugram, the company controls its production process, ensuring quality control and timely delivery of products.
- HOAC Foods has demonstrated significant revenue growth and profit increase in recent years, indicating potential for further expansion and profitability.
Challenges
- While the company has a strong presence in the Delhi-NCR region, heavy reliance on this market may expose it to risks associated with regional economic fluctuations or regulatory changes.
- Outside of the Delhi-NCR region, the brand may lack recognition, posing challenges for expansion into new markets.
- The food industry is highly competitive, with numerous established players and new entrants, potentially impacting pricing power and market share.
- HOAC Foods relies on a franchise model for a significant portion of its retail outlets, which may pose challenges in maintaining consistent branding and quality standards across outlets.
- Any disruptions in the supply chain, including raw material sourcing or distribution, could adversely affect production and sales, impacting the company's financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 4,89,355.56 | 21,700.00 | 1,02,353.42 | 1,02,353.42 | 3.8075 |
| 2024 | 7,96,047.70 | 2,68,821.00 | 58.79 | 58.79 | 3.1873 |
| 2021 | 208.33 | 10.00 | 27.33 | 27.33 | 1.4817 |
| 2022 | 359.71 | 21.70 | 1,02,353.42 | 1,02,353.42 | 3.8075 |
