Hoac Foods India Ltd
Price Range
₹48
Min. Quantity
3,000
Closes on
21 May 2024
Min. investment
₹1,44,000/3,000 Shares
Hoac Foods India Ltd IPO Timeline
Hoac Foods India Ltd was originally incorporated with the name as 'Hoac MP Atta Spices Manufacture Private Limited' a Private Limited Company on March 13, 2018, with Registrar of Companies, Delhi. Thereafter, the Company name got changed to Hoac Foods India Private Limited' dated November 03, 2021. Subsequently, it was converted into a Public Limited and 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, at New Delhi.
| Event | Date |
|---|---|
| Hoac Foods India Ltd IPO Opening Date | 16 May 2024 |
| Hoac Foods India Ltd IPO Closing Date | 21 May 2024 |
| Basis of Allotment | 22 May 2024 |
| Initiation of Refunds | 23 May 2024 |
| Credit of Shares to Demat | 23 May 2024 |
| Hoac Foods India Ltd IPO Listing Date | 24 May 2024 |
Hoac Foods India Ltd IPO Details
| Hoac Foods India Ltd IPO Date | 16 May 2024 to 21 May 2024 |
| Hoac Foods India Ltd IPO Face Value | ₹10 per share |
| Hoac Foods India Ltd IPO Price | ₹48 to ₹0 per share |
| Hoac Foods India Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹5.54 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹5.54 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rambabu Thakur, Gaytri Thakur, Yashwant Thakur |
Hoac Foods India Ltd IPO Lot Size
The Hoac Foods India Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,44,000 |
| Maximum | 1 | 3,000 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- 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.
- Increasing Same Store Sales Growth through incentives & training to retail outlet employees and for its sales team.
- In-house Manufacturing capabilities.
- Consistent focus on quality and maximum nutritional value.
- Strong and stable management team with proven ability.
- Long Standing Relationship with its customers.
Company Financials
Hoac Foods India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 7.96 | 15.63 | 1.02 |
| 03-2023 | 4.89 | 12.21 | 0.50 |
| 03-2022 | 3.6 | 10.94 | 0.27 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the working capital requiremnts of the company
- General corporate purposes
Hoac Foods India Ltd IPO Promoter Holding
| Pre Issue Share Holding | 62.24% |
| Post Issue Share Holding | 43.54% |
Hoac Foods India Ltd IPO Subscription Status (Bidding Detail)
The Hoac Foods India Ltd IPO is subscribed 1834.0104 times on 21 May 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 1834.0104 |
Hoac Foods India Ltd IPO Prospectus
Hoac Foods India Ltd IPO Listing Date
| Listing Date | 24 May 2024 |
| BSE Script | 92884 |
| NSE Symbol | HOACFOODS |
| Listing In | NSE - SME |
| ISIN | INE0S6S01017 |
| IPO Price | ₹48 |
| Face Value | ₹10 |
Company Contact Information
D-498 1st Flr Palam Extn Sec 7Dwarka R.Nagar II S.W.Delhi,Delhi-110077
Phone: +91 85272 73940
Email: info@attahariom.com
Website: www.hoacfoodsindia.com
Hoac Foods India Ltd IPO Registrar
Hoac Foods India Ltd IPO Lead Manager(s)
- GYR Capital Advisors Pvt Ltd
FAQ
What is the issue size of Hoac Foods India Ltd IPO?
I have pre-applied for Hoac Foods India Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.