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TCS, HDFCBANK, SBI Liquid Fund (G)
Hoac Foods India Ltd.

HOACFOODS

Equity

NSE

Min. Investment

48,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage99.990
Share Capital26880100

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20234,89,355.5621,700.001,02,353.421,02,353.423.8075
2022359.7121.701,02,353.421,02,353.423.8075
20247,96,047.702,68,821.001,02,353.421,02,353.423.8075
2021208.3310.001,02,353.421,02,353.423.8075
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