HOAC Foods India Limited

Company Profile
Company Name HOAC Foods India Limited
Open Date 16-05-2024
Close Date 21-05-2024
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹48 per share
Issue Size 11,55,000 shares
Application Amount ₹1,44,000
Recommendation Avoid
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 has total of 50 employees on its payroll, as of December 31, 2023.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 208.33 359.71 491.72 766.40
Net Assets 32.26 98.07 156.86 315.73
Total Borrowings 128.08 147.50 190.38 204.05
Total Revenue 746.28 1,094.03 1,219.05 1,154.71
Profit After Tax 12.85 27.33 58.79 74.50

Tentative Timeline

Opening Date 16-05-2024
Closing Date 21-05-2024
Basis of Allotment 22-05-2024
Initiation of Refunds 23-05-2024
Credit of Shares to Demat 23-05-2024
Listing Date 24-05-2024

Objects of the Issue

Funding the working capital requirements of the company.
General Corporate Purposes.

Contact Information

Registered Office HOAC Foods India Limited D-498, 1st Floor Palam Extension Sector-7 Dwarka, Raj Nagar - II,South West Delhi New Delhi- 110077
Phone +91 85272 73940
Email info@attahariom.com
Website https://hoacfoodsindia.com/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email einward.ris@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 93,000 (8.05%)
Other Shares Offered 531,000 (45.97%)
Retail Shares Offered 531,000 (45.97%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 69.94%

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