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HOAC Foods IPO vs Indian Emulsifiers IPO

Comparison between HOAC Foods IPO and Indian Emulsifiers IPO.

IPO Details

HOAC Foods IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Indian Emulsifiers IPO is a SME Bookbuilding proposed to list at NSE SME.

 HOAC Foods IPOIndian Emulsifiers IPO
LogoHOAC Foods IPO LogoIndian Emulsifiers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Ekadrisht Capital Pvt.Ltd.
RegistrarKfin Technologies Ltd.Maashitla Securities Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of HOAC Foods IPO is up to ₹5.10 Cr whereas the issue size of the Indian Emulsifiers IPO is up to ₹40.26 Cr. The final issue price of HOAC Foods IPO is ₹48.00 per share and of Indian Emulsifiers IPO is ₹132.00 per share.

 HOAC Foods IPOIndian Emulsifiers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share
Issue Price (Upper)₹132.00 per share
Issue Price (Final)₹48.00 per share₹132.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size10,62,000 shares30,50,000 shares
Fresh Issue Size (Amount)up to ₹5.10 Crup to ₹40.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,62,000 shares30,50,000 shares
Issue Size Total (Amount)up to ₹5.10 Crup to ₹40.26 Cr

IPO Timetable

HOAC Foods IPO opens on May 16, 2024, while Indian Emulsifiers IPO opens on May 13, 2024. The closing date of HOAC Foods IPO and Indian Emulsifiers IPO is May 21, 2024, and May 16, 2024, respectively.

 HOAC Foods IPOIndian Emulsifiers IPO
Anchor Bid DateMay 10, 2024
Issue OpenMay 16, 2024May 13, 2024
Issue CloseMay 21, 2024May 16, 2024
Basis Of Allotment (Tentative)May 22, 2024May 17, 2024
Initiation of Refunds (Tentative)May 23, 2024May 21, 2024
Credit of Share (Tentative)May 23, 2024May 21, 2024
Listing date (Tentative)May 24, 2024May 22, 2024
Anchor Lockin End date 1Jun 16, 2024
Anchor Lockin End date 2Aug 15, 2024

Financials & KPIs

HOAC Foods IPO P/E ratio is 21.95, as compared to Indian Emulsifiers IPO P/E ratio of 30.54.

 HOAC Foods IPOIndian Emulsifiers IPO
Financials

HOAC Foods India Limited Financial Information (Restated)

HOAC Foods India Limited's revenue increased by 11.43% and profit after tax (PAT) rose by 115.11% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets766.40491.72359.71208.33
Total Income1,154.711,219.051,094.03746.28
Profit After Tax74.5058.7927.3312.85
Net Worth315.73156.8698.0732.26
Reserves and Surplus46.91135.1676.3722.26
Total Borrowing204.05190.38147.50128.08
Amount in ₹ Lakhs

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,176.633,432.261,910.2259.72
Total Income4,870.164,118.351,768.31
Profit After Tax675.01389.444.31-0.37
Net Worth2,636.351,204.35814.940.63
Reserves and Surplus1,735.22393.343.93-0.37
Total Borrowing2,244.452,030.441,068.5458.91
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9965.25
Promoter Shareholding (Post-Issue)69.9548.11
P/E Ratio21.9530.54
Market Cap₹18.45 Cr.₹161.33 Cr.
ROE23.60%25.61%
ROCE23.43%38.03%
Debt/Equity0.270.51
EPS₹2.19₹4.32
RoNW23.60%25.60%

Shares Offered

In the HOAC Foods IPO Retail Individual Investors (RII) are offered 5,34,000 shares while in Indian Emulsifiers IPO retail investors are offered 5,34,000 shares. Qualified Institutional Buyers (QIB) are offered in HOAC Foods IPO and 6,10,000 shares in Indian Emulsifiers IPO.

 HOAC Foods IPOIndian Emulsifiers IPO
Anchor Investor Reserveration9,10,000 shares
Market Maker Reserveration93,000 shares1,61,000 shares
QIB6,10,000 shares
NII5,28,000 shares4,60,000 shares
RII5,34,000 shares10,70,000 shares
Employee
Others
Total10,62,000 shares30,50,000 shares

Bids Received (Subscription)

HOAC Foods IPO subscribed 2,013.64x in total, whereas Indian Emulsifiers IPO subscribed 460.07x.

 HOAC Foods IPOIndian Emulsifiers IPO
QIB (times)175.95x
NII (times)1,432.60x779.63x
Big NII (times)
Small NII (times)
RII (times)2,556.46x484.66x
Employee (times)
Other (times)
Total (times)2,013.64x460.07x