Hoac Foods India
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 16 May 2024 – 21 May 2024
- Listing date
- 24 May 2024
- Face value
- ₹10 per share
- Issue price
- ₹48 per share
- Lot size
- 3,000 shares
- Total issue size
- ₹5.54 Cr
- Market cap at offer price
- ₹18.45 Cr
- Promoter holding
- 99.99% → 69.95% pre-issue → post-issue
- ISIN
- INE0S6S01017
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- GYR Capital Advisors Pvt.Ltd.
- Registered office
- D-498, 1st Floor Palam Extension, Sector-7 Dwarka, Raj Nagar-II, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 93,000 | — | — |
Application size
Minimum 3,000 shares per lot, in multiples, at ₹48
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,44,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,88,000 |
| S-HNI (max) | 6 | 18,000 | ₹8,64,000 |
| B-HNI (min) | 7 | 21,000 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 2.19 | 2.58 |
| P/E (×) | 21.92 | 18.60 |
| Price to book (×) | 4.09 | — |
| Market cap | — | ₹18.45 Cr |
Key performance indicators
- Return on net worth
- 23.60%
- ROCE
- 23.43%
- Debt / equity
- 0.27
- PAT margin
- 6.49%
- NAV per share
- ₹11.74
- Price to book
- 4.09
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Hoac Foods India
HOAC Foods India Limited, incorporated on March 12, 2018, is an FMCG company engaged in manufacturing and marketing flour, spices, herbs, pulses, grains, and yellow mustard oil primarily in the Delhi-NCR region. Founded by Rambabu Thakur and Gaytri Thakur, the company processes raw materials from various parts of India without artificial preservatives or chemicals. The company operates through a dual model: company-owned outlets (4 stores) and franchisee-owned outlets (6 stores), complemented by a D2C platform via mobile application and website. The company manufactures at its facility in Gurugram with FSSAI licensing. Revenue for the nine-month period ended December 31, 2023 was ₹1,148.59 lakhs, compared to ₹1,208.56 lakhs for FY 2022-23. The business model emphasizes quality, freshness, and direct-to-consumer distribution with same-day or next-day delivery from manufacturing to customers.
Company Analysis
from RHPHOAC Foods India Limited manufactures and sells flour (chakki atta), spices, herbs, pulses, grains, and mustard oil under the 'HARIOM' brand through exclusive retail outlets and D2C channels in Delhi-NCR.
HOAC Foods India Limited, incorporated on March 12, 2018, is an FMCG company engaged in manufacturing and marketing flour, spices, herbs, pulses, grains, and yellow mustard oil primarily in the Delhi-NCR region. Founded by Rambabu Thakur and Gaytri Thakur, the company processes raw materials from various parts of India without artificial preservatives or chemicals. The company operates through a dual model: company-owned outlets (4 stores) and franchisee-owned outlets (6 stores), complemented by a D2C platform via mobile application and website. The company manufactures at its facility in Gurugram with FSSAI licensing. Revenue for the nine-month period ended December 31, 2023 was ₹1,148.59 lakhs, compared to ₹1,208.56 lakhs for FY 2022-23. The business model emphasizes quality, freshness, and direct-to-consumer distribution with same-day or next-day delivery from manufacturing to customers.
Objects of the Issue
- Funding the working capital requirements of the company ₹350.00 lakhs p.71
- General Corporate Purpose ₹145.50 lakhs p.71
Issue Structure
- Total Issue
- ₹554.40 lakhs (11,55,000 equity shares at ₹48 per share)
- Fresh Issue
- 11,55,000 Equity Shares of face value of ₹10 each at ₹48 per share aggregating ₹554.40 lakhs
- Offer for Sale
- Nil
- Price Band
- ₹48 per equity share (fixed price)
- Lot Size
- 3,000 equity shares and in multiples of 3,000 thereafter
- Face Value
- ₹10 per equity share
Business Model
HOAC Foods manufactures and sells packaged spices, flour, and food products through multiple channels: company-owned retail outlets (4), franchisee-owned outlets (6), and direct-to-consumer platforms (mobile app, website). The company sources raw materials from farms across India and manufactures in-house using mechanized processes. Revenue is earned through direct sales to end consumers via retail outlets and online D2C channels. Franchisees receive products at a 20% average margin discount and maintain inventory through pull-based orders.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Rambabu Thakur | Promoter/Managing Director | 62.24% | 43.54% |
| Gaytri Thakur | Promoter/Executive Director | 37.74% | 26.40% |
| Yashwant Thakur | Promoter/Chairman | 0.004% | Negligible |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.