Hoac Foods India Ltd

Hoac Foods India Limited is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in our product range and markets & sell it in and around Delhi-NCR under the brand name HARIOM. The Company handpicks its raw materials from various parts of the country and process its products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. Its unique model has helped us penetrate the niche segment of its market and establish a customer base in and around Delhi-NCR. Since its inception, its objective has been to produce high-quality natural spices and food products without artificial preservatives or synthetic substances. To achieve this, the company has developed a unique business model in which the company manufactures and packages its products in quantities that can sustain a customer until the shelf life of the product, reducing waste and providing a diverse range of products with freshness and goodness.

Open Demat Account

50years

Hoac Foods India Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
11.55 LTBA5.34 L26.88 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
16 May, 2421 May, 243000 TBA Fixed Price - SME24 May, 24

Hoac Foods India Ltd IPO Details

Hoac Foods India Ltd IPO Dates

  • 16 May 2024

    Opening date

  • 21 May 2024

    Closing date

  • 22 May 2024

    Basis of
    Allotment

  • 23 May 2024

    Initiation of
    Refunds

  • 23 May 2024

    Credit of
    Shares

  • 24 May 2024

    Listing date

Details

SectorType
SectorFood - Processing - Indian
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Hoac Foods India Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations0.910.440.21
EBITDA1.010.500.24
PAT0.590.270.13
Total Assets3.932.821.68
Share Capital0.220.220.10
Total Borrowings0.690.530.43
Operating Activities (Net Cash)0.690.330.16
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)0.690.530.43
Net Cashflow0.330.600.56

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Hoac Foods India Ltd

Hoac Foods India Limited was originally incorporated with the name as Hoac MP Atta Spices Manufacture Private Limited' a private limited company on March 13, 2018 under the Companies Act, 2013, with Registrar of Companies, Delhi bearing registration number 330739. Thereafter, the company name was changed to `Hoac Foods India Private Limited' dated November 03, 2021. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an Extraordinary general meeting held on October 13, 2023 and consequently the name of the Company was changed to `Hoac Foods India Limited' and a fresh certificate of incorporation dated 30th October, 2023 was issued by the Registrar of Companies, Delhi at New Delhi.

The fast-moving consumer goods (FMCG) sector is India's fourth-largest sector and has been expanding at a healthy rate over the years as a result of rising disposable income, a rising youth population, and rising brand awareness among consumers. With household and personal care accounting for 50% of FMCG sales in India, the industry is an important contributor to India's GDP. India is a country that no FMCG player can afford to ignore due to its middle-class population which is larger than the total population of the USA. The Indian FMCG market continues to rise as more people start to move up the economic ladder and the benefits of economic progress become accessible to the general public. More crucially, with a median age of just 27, India's population is becoming more consumerist due to rising ambitions. This has been further aided by government initiatives to increase financial inclusion and establish social safety nets. Growing awareness, easier access, and changing lifestyles have been the key growth drivers for the sector. The urban segment (which accounts for a revenue share of around 55%) is the largest contributor to the overall revenue generated by the FMCG sector in India. However, in the last few years, the FMCG market has grown at a faster pace in rural India compared to urban India. Semi-urban and rural segments are growing at a rapid pace and FMCG products account for 50% of the total rural spending.

Peer Comparison:

  • Contil India Ltd
  • Jetmall Spices and Masala Ltd
  • Hoac Foods India Ltd

Hoac Foods India Ltd IPO Key Points

Strengths

  • Experienced Management team having domain knowledge to scale up and expand into new opportunities.
  • Unique and Sustainable business model.
  • Diversified Product Portfolio capable of capturing growing Indian Spice market.
  • Omni channel Approach.
  • Cluster-based distribution through retail outlet network.

Risk

  • The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and the company's manufacturing facility, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.
  • The company does not manufacture some of its products such Pulses, Rice, Raw or Sabut Spices, Grains and Millets and Sugar and jaggery etc in its own capacity but procure the same from third party suppliers.
  • The company operates in highly competitive markets, and the scale and resources of some of its competitors may allow them to compete more effectively than the company can, which could result in a loss of its market share and a decrease in its net revenues and profitability.

Strategy

  • Further enhance its presence in its core market of Delhi-NCR and other Metropolitan cities.
  • Continue to strengthen its existing product portfolio and diversify into products with attractive growth and profitability prospects.
  • Modernization and Expansion in the existing manufacturing facility.
  • Increasing Same Store Sales Growth.
  • Focus on meeting quality standards.

Hoac Foods India Ltd IPO Key Points

  • Experienced Management team having domain knowledge to scale up and expand into new opportunities.
  • Unique and Sustainable business model.
  • Diversified Product Portfolio capable of capturing growing Indian Spice market.
  • Omni channel Approach.
  • Cluster-based distribution through retail outlet network.
  • The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and the company's manufacturing facility, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.
  • The company does not manufacture some of its products such Pulses, Rice, Raw or Sabut Spices, Grains and Millets and Sugar and jaggery etc in its own capacity but procure the same from third party suppliers.
  • The company operates in highly competitive markets, and the scale and resources of some of its competitors may allow them to compete more effectively than the company can, which could result in a loss of its market share and a decrease in its net revenues and profitability.
  • Further enhance its presence in its core market of Delhi-NCR and other Metropolitan cities.
  • Continue to strengthen its existing product portfolio and diversify into products with attractive growth and profitability prospects.
  • Modernization and Expansion in the existing manufacturing facility.
  • Increasing Same Store Sales Growth.
  • Focus on meeting quality standards.

How To Apply for Hoac Foods India Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Hoac Foods India Ltd's IPO offers shares for up to ₹ 0 L It begins on May 16, 2024 and ends on May 21, 2024.

The price of Hoac Foods India Ltd IPO ranges between ₹0 to ₹0 per share.

The Hoac Foods India Ltd IPO opens on May 16, 2024 and closes on May 21, 2024.

The allotment for the Hoac Foods India Ltd IPO will be finalised on May 22, 2024. The shares will be listed on BSE and NSE on May 24, 2024.

The minimum lot size for Hoac Foods India Ltd IPO is 3000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Hoac Foods India Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Hoac Foods India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Hoac Foods India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 16, 2024, and closes on May 21, 2024. The allotment is finalised on May 22, 2024.

To apply for the Hoac Foods India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.