HOAC Foods India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 528,000 (46%) | — | ₹253 Cr |
| Retail | — | 534,000 (46%) | — | ₹256 Cr |
| Market Maker | — | 93,000 (8%) | — | ₹4 Cr |
| Σ Total | — | 1,155,000 (100%) | — | ₹5,544 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹144,000 |
| Retail (Max) | 13 | 39,000 | ₹1,872,000 |
| S-HNI (Min) | 14 | 42,000 | ₹2,016,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,155 | 1,219 | 1,094 |
| Profit After Tax | 75 | 59 | 27 |
| Net Worth | 316 | 157 | 98 |
| Total Assets | 766 | 492 | 360 |
| Reserves & Surplus | 47 | 135 | 76 |
| Total Borrowing | 204 | 190 | 148 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements of the company –
- General Corporate Purposes –
Company Overview
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.