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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 ₹48.00 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). The minimum lot size investment for 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 Date | May 16, 2024 to May 21, 2024 |
| Listing Date | May 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹48 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,55,000 shares (aggregating up to ₹5.54 Cr) |
| Reserved for Market Maker | 93,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.4464 Cr) |
| Net Offered to Public | 10,62,000 shares (aggregating up to ₹5.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 26,88,210 shares |
| Share Holding Post Issue | 38,43,210 shares |
Hariom Atta & Spices IPO offers total 11,55,000 shares. Out of which 5,28,000 (45.71%) allocated to NII, 5,34,000 (46.23%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 93,000 (8.05%) |
| NII (HNI) Shares Offered | 5,28,000 (45.71%) |
| Retail Shares Offered | 5,34,000 (46.23%) |
| Total Shares Offered | 11,55,000 (100.00%) |
HOAC Foods IPO opens on May 16, 2024, and closes on May 21, 2024.
| IPO Open Date | Thu, May 16, 2024 |
| IPO Close Date | Tue, May 21, 2024 |
| Tentative Allotment | Wed, May 22, 2024 |
| Initiation of Refunds | Thu, May 23, 2024 |
| Credit of Shares to Demat | Thu, May 23, 2024 |
| Tentative Listing Date | Fri, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 21, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 766.40 | 491.72 | 359.71 | 208.33 |
| Total Income | 1,154.71 | 1,219.05 | 1,094.03 | 746.28 |
| Profit After Tax | 74.50 | 58.79 | 27.33 | 12.85 |
| Net Worth | 315.73 | 156.86 | 98.07 | 32.26 |
| Reserves and Surplus | 46.91 | 135.16 | 76.37 | 22.26 |
| Total Borrowing | 204.05 | 190.38 | 147.50 | 128.08 |
| Amount in ₹ Lakhs | ||||
The market capitalization of HOAC Foods IPO is ₹18.45 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 2.19 | 2.58 |
| P/E (x) | 21.95 | 18.57 |
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted an average financial performance for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Small equity capital post-IPO indicates longer gestation period for migration. Well-informed/cash surplus investors may park moderate funds for the medium term. Read detail review...
| Listing Date | May 24, 2024 |
| BSE Script Code | |
| NSE Symbol | HOACFOODS |
| ISIN | INE0S6S01017 |
| Final Issue Price | ₹48 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹48.00 |
| Open | ₹147.00 |
| Low | ₹139.65 |
| High | ₹147.00 |
| Last Trade | ₹139.65 |
HOAC Foods India Ltd.
D-498, 1st Floor Palam Extension
Sector-7 Dwarka,
Raj Nagar - II,
South West Delhi, New Delhi, 110077
Phone: +91 85272 73940
Email: info@attahariom.com
Website: https://hoacfoodsindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
HOAC Foods IPO is a SME IPO of 11,55,000 equity shares of the face value of ₹10 aggregating up to ₹5.54 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000.
The IPO opens on May 16, 2024, and closes on 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 May 16, 2024 and closes on 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 Thursday, May 23, 2024. Check the HOAC Foods IPO allotment status.
The HOAC Foods IPO listing date is on Friday, May 24, 2024.
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