HOAC Foods India Limited (NSE SME)
May 16, 2024 - May 21, 2024
| Price | ₹48 - ₹48 |
| Premium | ₹145 |
|---|---|
| Lot size | 3000 |
| Allotment | May 22, 2024 |
| Listing | May 24, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 144000 | 178 |
| HNI | 2 | 6000 | 288000 | 176 |
Last updated on 21-May-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 528000 | 760803000 | 1440.91 |
| RETAIL | 534000 | 1357479000 | 2542.1 |
| Total | 1062000 | 2118282000 | 1994.62 |
| Retail Apps | 452493 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹92.85 | @8% ₹106.11 | @9% ₹119.38 | @10% ₹132.64 | @11% ₹145.91 | @12% ₹159.17 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 46.23% | 534000 |
| Other | 45.70% | 528000 |
| Market Maker | 8.05% | 93000 |
| Total No. of Shares | 100.0% | 1155000 |
Hariom Atta & Spices IPO Details
| Issue Size | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Fresh Issue | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,688,210 |
| Share holding post issue | 3,843,210 |
| Market Maker portion | 93,000 shares Giriraj Stock Broking |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 23.60% | 37.48% | 27.87% |
| ROCE | 23.43% | 30.12% | 21.97% |
| RONW | 23.60% | 37.48% | 27.87% |
| D/E | 0.27 | 0.32 | 0.54 |
| EPS (basic & Diluted) | 2.84 | 3.19 | 2.31 |
| P/BV | 4.09 | ||
| P/E Pre IPO | 21.95 |
Company Financials
HOAC Foods India Limited Financial Information (Restated)
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 | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 766.40 | 491.72 | 359.71 | 208.33 |
| Revenue | 1,154.71 | 1,219.05 | 1,094.03 | 746.28 |
| Profit | 74.50 | 58.79 | 27.33 | 12.85 |
| Net Worth | 315.73 | 156.86 | 98.07 | 32.26 |
| Reserves | 46.91 | 135.16 | 76.37 | 22.26 |
| Borrowing | 204.05 | 190.38 | 147.50 | 128.08 |
| Amount in ₹ Lakhs | ||||
About Company
HOAC Foods India Limited, established in 2018, stands as a reputable manufacturer specializing in flour, spices, and various food products under the brand name "HARIOM." Operating primarily in the Delhi-NCR region, the company boasts a diverse product line, encompassing chakki atta (flour), herbs, spices, unpolished pulses, grains, and yellow mustard oil. With a manufacturing facility based in Gurugram, the company ensures quality control and efficiency in its production processes. As of December 31, 2023, HOAC Foods operates through a network of 10 Exclusive Brand Outlets, with 4 under direct ownership and 6 managed by franchisees, all exclusively retailing the company's offerings. The sales and marketing division comprises 12 dedicated professionals, facilitating the distribution and promotion of the products. Despite being a relatively young entity, HOAC Foods has demonstrated robust growth, as evidenced by its operational revenues of 1,148.59 lakhs for the nine months ending on December 31, 2023, and 1,208.56 lakhs, 1,087.27 lakhs, and 742.26 lakhs for the financial years ending on Fiscals 2023, 2022, and 2021, respectively. With a portfolio boasting 153 product SKUs, HOAC Foods India Limited continues to carve a significant niche for itself in the competitive food manufacturing industry, driven by a commitment to quality, innovation, and customer satisfaction. As of December 31, 2023, the company employs 50 people in various departments, contributing to its operational efficiency and growth objectives.
Strength Factors
Experienced Management Team: HOAC Foods India Limited benefits from a seasoned management team with deep domain knowledge, equipped to navigate challenges and capitalize on opportunities for scaling and expansion.
Unique and Sustainable Business Model: The Company operates on a distinctive and sustainable business model, ensuring long-term viability and adaptability to market dynamics, fostering resilience and growth.
Diversified Product Portfolio: With a diverse range of products catering to the burgeoning Indian spice market, HOAC Foods is well-positioned to capture market share and capitalize on evolving consumer preferences, enhancing its competitive edge and revenue streams.
Risk Factors
Dependency on Third-Party Suppliers: Reliance on external suppliers for key products like pulses, rice, spices, grains, and sugar exposes the company to supply chain risks such as quality control issues, pricing fluctuations, and potential disruptions in procurement.
Regional Concentration: Concentrated operations in the Delhi-NCR region pose a risk as failure to expand geographically could limit growth opportunities, leaving the company vulnerable to local economic downturns, competitive pressures, and regulatory changes specific to the region.
Regulatory Vulnerability: Any adverse changes in regulations governing the company's products or those of its customers could have detrimental effects on business operations and financial performance, highlighting the importance of staying abreast of regulatory developments and compliance measures.
Hariom Atta & Spices IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/