HOAC Foods IPO will open for subscription from 16 May 2024. The company aims for an issue size of ₹5.54 Cr through this IPO.

Company Overview

Full nameHOAC Foods India Limited
SectorFast Moving Consumer Goods
IndustryConsumer Food
Company Websitehttps://www.hoacfoodsindia.com/

About Company

The company is engaged in the production of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. HOAC Foods markets & sells its products in and around Delhi-NCR under the brand name “HARIOM” through its exclusive brand outlets. The company handpicks raw materials from various parts of the country and processes products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour.

Currently, most of its sales are derived from Delhi-NCR region. Its franchisee network comprises of 4 company owned outlets and 6 franchisee-owned outlets, totalling 10 Exclusive Brand Outlets. This network is complemented by a sales and marketing team comprising of 12 employees, as of December 31, 2023. The company also relies on D2C platform through in-house built mobile application and website.

Its manufacturing facility is located at Bhondsi, Near Geeta Nand Ashram, Sohna, Gurugram-122012. HOAC Foods’ product portfolio comprises of 153 product SKUs of ground and blend spices, Wheat Flour (Chakki Atta).

The Objectives of the Issue

  • Funding the working capital requirements of the company
  • General Corporate Purposes

HOAC Foods IPO Timetable

IPO Opening date16 May 2024
IPO Closing21 May 2024
Basis of Allotment22 May 2024
Initiation Refund23 May 2024
Credit to Demat Account23 May 2024
Listing Date24 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 21, 2024)

HOAC Foods IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹5.54 Cr – 1,155,000 shares
Fresh Issue₹5.54 Cr – 1,155,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹48 per share
Lot size3000 Shares
Market Maker portion93,000 shares
Shareholding pre-issue2,688,210
Shareholding post-issue3,843,210
Listing ExchangeNSE SME

HOAC Foods IPO Lot Size

Retail (Min)13000₹144,000
Retail (Max)13000₹144,000
HNI (Min)26,000₹288,000

HOAC Foods Offer Documents

HOAC Foods IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered93,000 (8.05%)
Other Shares Offered531,000 (45.97%)
Retail Shares Offered531,000 (45.97%)
Total Shares Offered1,155,000 (100%)

HOAC Foods Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income12.8527.3358.7974.50
(Amount in ₹ Lakhs)

HOAC Foods Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.05
RONW (%)39.8327.8737.48
ROCE (%)20.1621.9730.12
EBITDA (%)4.775.469.38

Company Promoters

  • Mr. Rambabu Thakur
  • Mrs. Gaytri Thakur
  • Yashwant Thakur.

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding69.95%

HOAC Foods Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
23 May 20241651,72,000
22 May 20241573,53,000
21 May 20241052,25,000
20 May 2024972,17,000
18 May 2024922,01,000
17 May 2024851,65,000
16 May 2024601,35,000
15 May 20244595,000
14 May 20244593,000
13 May 20244595,000

HOAC Foods IPO Subscription Update

Shares Offered5,28,0005,34,00010,62,000
21 May 20241402.482542.101994.62
17 May 202472.09325.58199.69
16 May 202418.0482.6250.53
(The market maker reservation portion of 93,000 shares is not included)

HOAC Foods IPO Allotment Status

HOAC Foods IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

HOAC Foods IPO Listing Details

Listing Date24 May 2024
BSE Scrip Code
Final Issue Price₹48 per share

HOAC Foods IPO Listing Day Update

Listing ExchangeNSE SME
Final Issue Price₹48.00
Last Trade₹139.65

HOAC Foods Offer Lead Manager(s)

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com

HOAC Foods Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: hoac.ipo@kfintech.com
Website: www.kfintech.com

HOAC Foods Contact Details

D-498, 1st Floor Palam Extension
Sector-7 Dwarka, Raj Nagar – II, South West Delhi,
New Delhi, Delhi, India, 110077
Phone: 85272 73940
E-mail: info@attahariom.com
Website: www.hoacfoodsindia.com


What is the HOAC Foods Issue size?

HOAC Foods offer size is ₹ 5.54 crores.

What is the HOAC Foods IPO price band?

HOAC Foods public offer price is ₹ 48 per share.

What is the lot size of the HOAC Foods Offer?

HOAC Foods offer lot size is 3,000 shares.

What is HOAC Foods IPO GMP today?

HOAC Foods IPO GMP today is ₹ 165 per share.

What is the HOAC Foods kostak rate today?

HOAC Foods kostak rate today is ₹ NA per application.

What is HOAC Foods Subject to the Sauda rate today?

HOAC Foods is Subject to the Sauda rate today is ₹ 1,72,000 per application.

Final thoughts

HOAC Foods IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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