Hoac Foods India Ltd

Hoac Foods India Ltd IPO

IPO Price Range: ₹48 - 48

Hoac Foods India Limited is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in our product range and markets & sell it in and around Delhi-NCR under the brand name HARIOM. The Company handpicks its raw materials from various parts of the country and process its products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. Its unique model has helped us penetrate the niche segment of its market and establish a customer base in and around Delhi-NCR. Since its inception, its objective has been to produce high-quality natural spices and food products without artificial preservatives or synthetic substances. To achieve this, the company has developed a unique business model in which the company manufactures and packages its products in quantities that can sustain a customer until the shelf life of the product, reducing waste and providing a diverse range of products with freshness and goodness.

Min Investment

₹1,44,000

IPO Size

₹5 Cr

IPO Status

Closed

Quantity in 1 Lot

3000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Hoac Foods India Ltd

Open Date16 May 2024
Close Date21 May 2024
Allotment Date22 May 2024
Listing Date24 May 2024

Key Statistics

Bid Opening DateBid Opening Date16 May 2024
Bid Closing DateBid Closing Date21 May 2024
Allotment DateAllotment Date22 May 2024
Issue SizeIssue Size₹5.54Cr
Quantity in 1 lotQuantity in 1 lot3000

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and the companys manufacturing facility, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.

  • The company does not manufacture some of its products such Pulses, Rice, Raw or Sabut Spices, Grains and Millets and Sugar and jaggery etc in its own capacity but procure the same from third party suppliers.

  • The company operates in highly competitive markets, and the scale and resources of some of its competitors may allow them to compete more effectively than the company can, which could result in a loss of its market share and a decrease in its net revenues and profitability.

  • The Company has applied for registration of the trademarks in its name. Until such registration is granted, the company may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of its goodwill.

  • Any non-compliance or delays in GST Return Filings, TDS EPF Payments may expose it to penalties from the regulators.

  • The company does not have long term agreements with suppliers for its raw materials and an increase in the cost of or a short fall in the availability of such raw materials could have an adverse effect on its business, results of operations and financial condition.

  • The company conduct its business activities on a purchase order basis and therefore, have not entered into long-term agreements with its customers.

  • The improper handling, processing or storage of its raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in its products, could subject it to regulatory action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.

  • Its business is dependent on the company processing units for few products. The loss of or shutdown of operations of its processing units may have a material adverse effect on its business, financial condition and results of operations.

  • Its operations are considerably located in Delhi -NCR and failure to expand its operations may restrict the companys growth and adversely affect its business.

Promoters Holding

Investors Holdings %
Rambabu Thakur62.24%
Gaytri Thakur37.74%
Yashwant Thakur0%

About Hoac Foods India Ltd

OrganisationHoac Foods India Ltd
HeadquartersDelhi
IndustryFMCG

Frequently Asked Questions

  • What is the size of the Hoac Foods India Ltd IPO?

    The size of the Hoac Foods India Ltd IPO is ₹5.54Cr .

  • What is 'pre-apply' for Hoac Foods India Ltd IPO?

    'Pre-apply' for Hoac Foods India Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Hoac Foods India Ltd IPO order be placed?

    Your Hoac Foods India Ltd IPO order will be placed on 16 May 2024.

  • What are the open and close dates of the Hoac Foods India Ltd IPO?

    The open and close dates of the Hoac Foods India Ltd IPO are 16 May 2024 to 21 May 2024.

  • What is the lot size and minimum order quantity of the Hoac Foods India Ltd IPO?

    The lot size and minimum order quantity of the Hoac Foods India Ltd IPO are 3000 and 3000 respectively.

  • What would be the listing gains on the Hoac Foods India Ltd IPO?

    The potential listing gains on the Hoac Foods India Ltd IPO will depend on various market factors and cannot be predicted with certainty.