HOAC Foods India Limited IPO
NSE SMEListed On: May 24, 2024 at ₹ 147.0
₹ 288000 /6000 Shares
*Min Investment
16 May, 2024
Open Date21 May, 2024
Close Date22 May, 2024
Allotment Date24 May, 2024
Listing DateHOAC Foods India Limited IPO Issue Details
- Issue Price ₹48 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 11,55,000 shares(aggregating up to ₹5.54 crore)
- Fresh Share 11,55,000 shares(aggregating up to ₹5.54 crore)
- Listing at NSE SME
- List Price 147.0
- Listing Date 2024-05-24
- Lead Manager GYR Capital Advisors Private Limited
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,44,000 |
| Retail(max) | 1 | 3000 | ₹1,44,000 |
| NII (min) | 2 | 6000 | ₹2,88,000 |
HOAC Foods India Limited IPO Reservation
HOAC Foods India Limited IPO offers total 1,155,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,531,000 (45.97%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 93,000 (8.05%) | |
| Retail Shares Offered | 531,000 (45.97%) | |
| Total Shares Offered | 1,155,000 (100%) |
HOAC Foods India Limited IPO Details
HOAC Foods India Limited IPO is an SME IPO, priced at ₹48 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 11,55,000 equity shares, aggregating up to ₹5.54 crores..
The IPO bidding window is open from May 16, 2024 to May 21, 2024. The allotment is expected to be finalized on May 22, 2024, and the tentative listing date is May 24, 2024.
The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
HOAC Foods India Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 531,000 | 531,000 | 1,062,000 |
Day 1 16-05-24 06:00 PM | 18.30 x | 86.29 x | 52.31 x |
Day 2 17-05-24 06:00 PM | 72.76 x | 336.09 x | 204.56 x |
Day 3 21-05-24 06:00 PM | 1432.77 x | 2556.46 x | 1994.62 x |
HOAC Foods India Limited Valuations
HOAC Foods India Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 491.72 | 359.71 | 208.33 |
| Revenue | 1,219.05 | 1,094.03 | 746.28 |
| Profit After Tax | 58.79 | 27.33 | 12.85 |
| Net Worth | 156.86 | 98.07 | 32.26 |
| Reserves & Surplus | 135.16 | 76.37 | 22.26 |
| Total Borrowing | 190.38 | 147.50 | 128.08 |
About HOAC Foods India Limited Company
HOAC Foods India Limited, a Flour, Spice, and other food products manufacturer, incorporated in 2018. The exclusive brand outlets in and around Delhi-NCR have been used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil under the brand name HARIOM.
The company had 10 Exclusive Brand Outlets as of Dec 31, 2023. It owned 4 out of these, and the remaining 6 were owned by franchisees. All the outlets deal only with products of the company. It has a sales and marketing team of 12 members.
The company had a manufacturing facility at Gurugram.
During the nine months ended on December 31, 2023, and for the financial years ending Fiscal 2023, Fiscal 2022, and Fiscal 2021, the company's operational revenues were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs, and ₹ 742.26 lakhs, respectively.
HOAC Foods India Limited - Promoter(s)
Mr. Rambabu Thakur
Mrs. Gaytri Thakur
Yashwant Thakur
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 69.95%
HOAC Foods India Limited IPO - Issue Objectives
Funding the working capital requirements of the company
General Corporate Purposes
HOAC Foods India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| HOAC Foods India Limited | 2.84 | 2.84 | 11.74 | 16.9 | 0.37 | 4.09 | Standalone |
| Contil India Ltd. | 2.01 | 2.01 | 2381.46 | 77.11 | 8.46 | 0.07 | Consolidated |
| Jetmall Spices And Masala Ltd | 0.49 | 0.49 | 16.22 | 32.65 | 0.03 | 0.99 | Consolidated |
Contact Details
HOAC Foods India Limited
D-498, 1st Floor Palam Extension Sector-7 Dwarka, Raj Nagar - II,South West Delhi New Delhi- 110077
+91 85272 73940
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
HOAC Foods India Limited IPO - FAQs
Ans. HOAC Foods India Limited IPO is a SME IPO. The issue is priced at ₹48 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on May 16, 2024, and closes on May 21, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The HOAC Foods India Limited IPO opens on May 16, 2024 and closes on May 21, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of HOAC Foods India Limited IPO is 1,155,000 shares(aggregating up to ₹5.54 Cr).
Ans. The HOAC Foods India Limited IPO price band is set between ₹48 per equity share.
Ans. To apply for HOAC Foods India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find HOAC Foods India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of HOAC Foods India Limited IPO is May 22, 2024.
Ans. The HOAC Foods India Limited IPO will be listed on May 24, 2024.
Ans. Follow the steps to check the HOAC Foods India Limited IPO allotment status online.
