Hoac Foods India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Hoac Foods

CMP

187.25

+14.60 (8.46%)

  • DRHP
₹48

Offer Price

₹ 5.54 Cr

Issue Size

₹ 1,44,000

Min Investment

3,000

Lot size

Time Line

  • 16
    May 2024
    Open
  • 21
    May 2024
    Close
  • 22
    May 2024
    Finalisation of Basis of Allotment
  • 23
    May 2024
    Initiation of Refunds
  • 23
    May 2024
    Transfer of Shares to Demat Account
  • 24
    May 2024
    Listing Date

Objects of the Offer

  • Further enhance its presence in its core market of Delhi-NCR and other Metropolitan cities.

  • Continue to strengthen its existing product portfolio and diversify into products with attractive growth and profitability prospects.

  • Modernization and Expansion in the existing manufacturing facility.

  • Increasing Same Store Sales Growth.

  • Focus on meeting quality standards.

Products & Services

  • Hoac Foods India Limited is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil.

Strengths

  • 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.

Risks

  • The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and the company`s 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.

Company Promoters

Promoters Holding

Issue For IPO
30.04%
Pre Holding

99.98%

Post Holding

69.94%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 10.87 (46.50%) 12.09 (11.20%) 0.37 (-)
Gross Profit 10.87 (46.50%) 12.09 (11.20%) 0.37 (-)
Net Income 10.87 (46.50%) 12.09 (11.20%) 0.37 (-)
Assets 10.87 (46.50%) 12.09 (11.20%) 0.37 (-)
Liabilities 10.87 (46.50%) 12.09 (11.20%) 0.37 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Contil India Ltd 19.68 0.62 8.81 8.81 8.45 2.01 23.81 7.07 0.00
Jetmall Spices and Masala Ltd 3.64 0.29 10.30 10.30 3.00 0.49 16.22 2.83 0.00
Hoac Foods India Ltd 12.09 0.59 3.50 1.93 0.37 0.00 72.29 2.75 0.54

Book Running Managers

  • GYR Capital Advisors Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

D-498 1st Flr Palam Extn Sec 7,
Dwarka R.Nagar II S.W.Delhi,
Delhi - 110077
Phone : +91 85272 73940 Email : info@attahariom.com www.hoacfoodsindia.com

Offer Related Information

Public issue of up to 11,55,000 equity shares of face value Rs. 10 each ("Equity Shares") of Hoac Foods India Limited (the "Company" or the "Issuer") for cash at a price of Rs. 48 per equity share (including a securities premium of Rs. 38 per equity share) (the "Issue Price"), aggregating upto Rs. 5.54 crores ("Issue") of the issue, 93,000 equity shares aggregating to Rs. 0.45 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the... More

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