Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Thu, May 16, 2024 - Tue, May 21, 2024
HOAC Foods IPO is a fixed price issue of ₹5.54 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹5.54 crore.
HOAC Foods IPO bidding started from May 16, 2024 and ended on May 21, 2024. The allotment for HOAC Foods IPO was finalized on May 22, 2024. The shares got listed on NSE SME on May 24, 2024.
HOAC Foods IPO price is ₹48 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,88,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to HOAC Foods IPO RHP for detailed Information.
IPO Open
Thu, May 16, 2024
IPO Close
Tue, May 21, 2024
Issue Price
₹48 per share
Market Cap (Pre-IPO)
₹18.45 Cr
| IPO Date | 16 to 21 May, 2024 |
| Listed on | Fri, May 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹48 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,55,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 93,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.4464 Cr) |
| Fresh Issue (Ex Market Maker) | 10,62,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,62,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 26,88,210 shares |
| Share Holding Post Issue | 38,43,210 shares |
| NSE Symbol | HOACFOODS |
| ISIN | INE0S6S01017 |
HOAC Foods IPO comprises a total issue size of 11,55,000 shares. The net offer to the public is 10,62,000 shares, after excluding 93,000 shares allotted on a firm basis. Of the Net offer 5,28,000 (49.72%) allocated to NII 5,34,000 (50.28%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,28,000 | 49.72% | 45.71% |
| Retail Shares Offered | 5,34,000 | 50.28% | 46.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 93,000 | 8.05% | |
| Total Shares Offered | 11,55,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,44,000 |
| Retail (Max) | 1 | 3,000 | ₹1,44,000 |
| HNI (Min) | 2 | 6,000 | ₹2,88,000 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 7.66 | 4.92 | 3.60 | 2.08 |
| Total Income | 11.55 | 12.19 | 10.94 | 7.46 |
| Profit After Tax | 0.75 | 0.59 | 0.27 | 0.13 |
| NET Worth | 3.16 | 1.57 | 0.98 | 0.32 |
| Reserves and Surplus | 0.47 | 1.35 | 0.76 | 0.22 |
| Total Borrowing | 2.04 | 1.90 | 1.48 | 1.28 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 3.50 |
| 2 | General Corporate Purpose | 1.46 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 23.60% |
| ROCE | 23.43% |
| Debt/Equity | 0.27 |
| RoNW | 23.60% |
| PAT Margin | 6.49% |
| Price to Book Value | 4.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.19 | 2.58 |
| P/E (x) | 21.95 | 18.57 |
| Promoter Holding | 99.99% | 69.95% |
| Market Cap | ₹18.45 Cr. |
The Hariom Atta & Spices IPO is subscribed 2,013.64 times on May 21, 2024 6:19:56 PM (Day 3). The public issue subscribed 2,556.46 times in the retail category, [.] times in the QIB category, and 1,432.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1,432.6 | 5,31,000 | 76,07,10,000 |
| Retail | 2,556.46 | 5,31,000 | 1,35,74,79,000 |
| Total | 2,013.64 | 10,62,000 | 2,13,84,84,000 |
Total Application : 4,52,493
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.47 |
| 2 | Advertising and Marketing Expenses | 0.02 |
| 3 | Fees payable to the Registrar to the Offer | 0.04 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.01 |
| 5 | Brokerage and Selling Commission | 0.01 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹48.00 |
| Open | ₹147.00 |
| Low | ₹139.65 |
| High | ₹147.00 |
| Last Trade | ₹139.65 |
Lead Manager Reports
HOAC Foods IPO is a SME IPO of 11,55,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000.
The IPO opens on Thu, May 16, 2024, and closes on Tue, May 21, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HOAC Foods IPO using UPI as a payment gateway. Zerodha customers can apply in HOAC Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HOAC Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HOAC Foods IPO opens on Thu, May 16, 2024 and closes on Tue, May 21, 2024.
HOAC Foods IPO lot size is 3000, and the minimum amount required for application is ₹1,44,000.
You can apply in HOAC Foods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for HOAC Foods IPO will be done on Wednesday, May 22, 2024, and the allotted shares will be credited to your demat account by Thu, May 23, 2024. Check the HOAC Foods IPO allotment status.
The HOAC Foods IPO listing date is on Fri, May 24, 2024.
