Issue Price
₹48
Per Share
GMP
NIL
Grey Market
Est. Listing
₹48
Expected Price
Min. Application
₹288,000
2 lots × 3000 shares
Incorporated in 2018, HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand name "HARIOM" is used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in and around Delhi-NCR through exclusive brand outlets.As of Dec 31, 2023, the company had 10 Exclusive Brand Outlets which consisted of 4 owned by the company and 6 owned by franchisees. The outlets sold only the company's products, and the sales and marketing team had 12 employees.The company has a manufacturing facility in Gurugram.The company's operational revenues for the nine months ended on December 31, 2023, and for the financial years ending on Fiscals 2023, 2022, and 2021 were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs, and ₹ 742.26 lakhs, respectively.The product portfolio of the company consists of 153 product SKUs of ground and blended spices.As of December 31, 2023, the company employs 50 people in various departments.
HOAC Foods India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 93,000 | — | ₹0.45 Cr | — |
| TOTAL | 1,155,000 | 100.00% | ₹5.54 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹144,000 |
| Retail (Max) | 13 | 39,000 | ₹1,872,000 |
| sNII (Min) | 14 | 42,000 | ₹2,016,000 |
| bNII (Min) | 68 | 204,000 | ₹9,792,000 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 1154.71 | 1219.05 | 1094.03 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 74.50 | 58.79 | 27.33 |
| Net Worth | 315.73 | 156.86 | 98.07 |
| Total Assets | 766.40 | 491.72 | 359.71 |
| Reserves & Surplus | 46.91 | 135.16 | 76.37 |
| Total Borrowings | 204.05 | 190.38 | 147.50 |