Hoac Foods IPO

Hoac Foods India Ltd

₹1,44,000 /3000 sharesMinimum Investment

Hoac Foods IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹48.00₹147.00₹99.00 (206.25%)

Hoac Foods IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 May ‘24 - 21 May ‘24₹1,44,0003,000₹48 - ₹48
Issue SizeIPO Doc
5.54Cr
RHP PDF

About Hoac Foods

(Hariom) HOAC Foods India Limited is a manufacturer of flour (chakki atta), herbs, spices, unpolished pulses, grains, and yellow mustard oil. The company’s product portfolio is divided into 4 categories – i) spices & herbs, ii) oil, iii) wheat flour (chakki atta) and healthy flour, iv) pulses, rice and grain and other food products. These are spread over 153 product stock keeping units (SKUs). Its range of flour includes MP Sharbati Atta, MP Lok One Atta, and Multi-grain Atta, besides others. The company sells its products primarily in and around Delhi-NCR under the brand name ‘HARIOM’. The company uses the direct-to-consumer (D2C) model to sell its products. It does this through 10 exclusive brand outlets – 4 company-owned and 6 franchisee-owned outlets. The company’s manufacturing facility is located in village Bhondsi, near Geetanand Ashram, Sohna, Gurugram. It holds an FSSAI licence under the Food Safety and Standards Act, 2006.;
Parent Organisation
Hoac Foods India Ltd
Founded
2018
Managing Director
Mr. Rambabu Thakur

Strengths & Risks

  • The company’s portfolio comprises over 153 products. As per the company, it does not use artificial preservatives or chemicals in its products.
  • The company offers its products through omni-channel distribution networks, spanning online and offline touchpoints for customer accessibility. The company has a franchisee network consisting of 4 company-owned outlets and 6 franchisee-owned outlets, totaling 10 Exclusive Brand Outlets that exclusively sell and market the company's products. This is in addition to a sales and marketing team comprising 12 employees, as of December 31, 2023. The company also sells its products through its app and website.
  • As per the RHP, the company gets the products delivered to the doorstep of the consumer the same day or within one day of its manufacture.
  • To optimise costs and improve profit margins, the company has installed flour-grinding machines in most of its exclusive brand outlets and introduced health conscious food products such as healthy flours, multi-grain flours, etc.
  • For financial years ending March 31, 2021, 2022, and 2023, the company’s revenues have risen consistently from Rs 7.42 crore to Rs 10.87 crore and Rs 12.09 crore, while the profit after tax (PAT) moved up from Rs 0.13 crore to Rs 0.27 crore to Rs 0.59 crore respectively.
  • The company does not manufacture some of the products that it sells. These include pulses, rice, raw or sabut spices, grains, millets, sugar and jaggery, but are procured from third-party suppliers. Any disruption in supply chain or quality assurance issues could negatively impact the company’s business.
  • The company does not have long-term agreements with suppliers for raw materials. Hence, any increase in the cost of or a shortfall in the availability of such raw materials could adversely impact the company’s business.
  • The company’s operations are largely concentrated in Delhi-NCR. Failure to expand the operations could restrict its growth and future business prospects.
  • The company conducts its business activities on a purchase order basis and has therefore not entered into long-term agreements with its customers.
  • For the financial year ended on March 31, 2023, the company had total outstanding secured loans worth Rs 1.50 cr. Any inability to service these loans could hurt the company’s business.
  • The company operates in a highly competitive market, and the scale and resources of some of its competitors could allow them to compete more effectively than HOAC Foods in the marketplace.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular48 - 48₹2 Lakh
High Networth Individual48 - 48₹2 - 5 Lakh
For Hoac Foods IPO, eligible investors can apply as Regular.
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