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HOAC Foods India Limited IPO

HOAC Foods India Limited IPO

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Listed Price: ₹ 147.00 (+206.25%)

HOAC Foods India Limited's successfully completed its Initial Public Offering and commenced trading on 24-05-2024 at the NSE exchange. The company raised 11,55,000 Shares through this public offering, comprising 11,55,000 Shares in fresh capital.

The IPO was priced within the band of ₹48 to ₹48, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from 16-05-2024 to 21-05-2024.

Share allotment was finalized on 22-05-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

HOAC Foods IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
HOAC Foods IPO Key Performance Indicator
Company Financials ( In Lakhs )

HOAC Foods IPO About Company

HOAC Foods India Limited was founded in 2018 and is known for making high-quality flour, spices, and food products under the brand name "HARIOM". Based in Delhi-NCR, the company offers a wide range of products like chakki atta (flour), spices, herbs, pulses, grains, and yellow mustard oil. Their manufacturing unit is located in Gurugram, ensuring top-notch quality and efficiency. As of December 31, 2023, HOAC Foods operates 10 Exclusive Brand Outlets — 4 company-owned and 6 franchise stores — selling only their products. With a team of 12 sales and marketing professionals and 50 employees overall, the company is growing fast. HOAC Foods reported revenues of ₹1,148.59 lakhs for the nine months ending December 31, 2023, showing consistent growth over the past few years. Offering 153 product SKUs, HOAC Foods is carving its place in the competitive food market with a focus on quality, innovation, and customer satisfaction.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


HOAC Foods IPO Strength Factors

  1. Experienced Management Team: HOAC Foods India Limited is led by an experienced team with strong industry knowledge, capable of overcoming challenges and driving business growth.
  2. Unique and Sustainable Business Model: The company follows a unique and sustainable business model that adapts to market changes, ensuring long-term stability and consistent growth.
  3. Diversified Product Portfolio: Offering a wide variety of products in the growing Indian spice market, HOAC Foods is well-positioned to meet changing customer demands, boosting its market share and revenue potential.

HOAC Foods IPO Risk Factors

  1. Dependence on Suppliers: The company relies on outside suppliers for key products like pulses, rice, spices, grains, and sugar. This can lead to risks like price changes, quality issues, or delays in getting products.
  2. Limited Presence in Delhi-NCR: Most of the company's business is concentrated in the Delhi-NCR region. If the company doesn't expand to other areas, its growth could be limited. It also makes the business more vulnerable to local economic slowdowns, competition, or government policy changes.
  3. Regulatory Risks: Changes in government rules for the company's products or its customers could negatively impact business operations and profits. Staying updated on regulations and following compliance measures is crucial.

HOAC Foods IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

HOAC Foods IPO Promoter(s)

  1. Mr. Rambabu Thakur
  2. Mrs. Gaytri Thakur
  3. Yashwant Thakur

HOAC Foods IPO Company Details

HOAC Foods India Limited
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HOAC Foods IPO Registrar

Kfin Technologies Limited
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HOAC Foods IPO FAQs