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HOAC Foods India Limited IPO
HariOm Atta is a prominent manufacturing company that specializes in producing high-quality atta along with a variety of other products. Their expertise lies in the production of atta, where they ensure the utmost quality and purity of the flour. In addition to atta, HariOm Atta is known for its pure yellow mustard oil. Mustard oil is a popular cooking oil in many Indian households, valued for its distinct flavor and health benefits. HariOm Atta takes great care in sourcing and processing the mustard oil to maintain its purity and ensure the finest quality. Apart from atta and mustard oil, HariOm Atta also deals in other flours and spices. They offer a wide range of flours, including besan (gram flour) and rice flour, which are commonly used in various Indian dishes and preparations. These flours are carefully processed and packed to preserve their freshness and nutritional value.
With a focus on manufacturing high-quality atta and other products, HariOm Atta strives to meet the demands and expectations of its customers. Their commitment to purity, sourcing the finest ingredients, and employing stringent manufacturing processes makes them a reliable brand for atta, mustard oil, spices, and a range of other flour products. Hariom Atta & Spices IPO is a fixed price issue of Rs 5.54 crores. The issue is entirely a fresh issue of 11.55 lakh shares. Hariom Atta & Spices IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. GYR Capital Advisors Private Limited is the book running lead manager of the Hariom Atta & Spices IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Hariom Atta & Spices IPO is Giriraj Stock Broking.
Hariom Atta & Spices IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Fresh Issue | 1,155,000 shares (aggregating up to ₹5.54 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,688,210 |
| Share holding post issue | 3,843,210 |
| Market Maker portion | 93,000 shares Giriraj Stock Broking |
Hariom Atta & Spices IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, May 16, 2024 |
| IPO Close Date | Tuesday, May 21, 2024 |
| Basis of Allotment | Wednesday, May 22, 2024 |
| Initiation of Refunds | Thursday, May 23, 2024 |
| Credit of Shares to Demat | Thursday, May 23, 2024 |
| Listing Date | Friday, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 21, 2024 |
Hariom Atta & Spices IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
Hariom Atta & Spices IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue | Other Shares Offered | 50% of the Net issue |
Hariom Atta & Spices IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 69.95% |
Company & Financials
Incorporated in 2018, HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand name "HARIOM" is used to market and sell flour (chakki atta), herbs & spices, unpolished pulses, grains and yellow mustard oil in and around Delhi-NCR through exclusive brand outlets. As of Dec 31, 2023, the company had 10 Exclusive Brand Outlets which consisted of 4 owned by the company and 6 owned by franchisees. The outlets sold only the company's products and the sales and marketing team had 12 employees. The company has a manufacturing facility in Gurugram. The company's operational revenues for the nine months ended on December 31, 2023, and for the financial years ending on Fiscals 2023, 2022, and 2021 were ₹ 1,148.59 lakhs, ₹ 1,208.56 lakhs, ₹ 1,087.27 lakhs and ₹ 742.26 lakhs, respectively. The product portfolio of the company consists of 153 product SKUs of ground and blended spices.
HOAC Foods India Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 766.40 | 491.72 | 359.71 | 208.33 | ||||||||||||||||||||||||||||||||||||
| Revenue | 1,154.71 | 1,219.05 | 1,094.03 | 746.28 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 74.50 | 58.79 | 27.33 | 12.85 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 315.73 | 156.86 | 98.07 | 32.26 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 46.91 | 135.16 | 76.37 | 22.26 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 204.05 | 190.38 | 147.50 | 128.08 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
| ROE | 23.60% |
| ROCE | 23.43% |
| Debt/Equity | 0.27 |
| RoNW | 23.60% |
| P/BV | 4.09 |
| PAT Margin (%) | 6.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.19 | 2.58 |
| P/E (x) | 21.95 | 18.57 |
Objectives of Hariom Atta & Spices IPO
The Company proposes to utilize the funds which are being raised through this Issue towards the following objectives:
- 1. Funding the working capital requirements of the company.
- 2. General Corporate Purposes.
Hariom Atta & Spices IPO Review
The company is operating in a highly competitive and fragmented segment. It posted an average financial performance for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Small equity capital post-IPO indicates a longer gestation period for migration. Well-informed/cash surplus investors may park moderate funds for the medium term.
FAQs for Hariom Atta & Spices IPO
-
What is the issue size of the Hariom Pipe Industries Limited IPO?
The issue size of Hariom Pipe Industries Limited's initial public offering is around Rs. 130 crores.
-
What is the percentage of reservations among QIB, NII and RII?
The percentage of reservations distributed among Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII) and Retail Institutional Investors (RII) includes 50%, 15% and 35%, respectively.
-
What are the minimum and maximum investment amounts for Hariom Pipe Industries Limited IPO?
For this IPO of Hariom Pipe Industries Limited, the minimum investment amount stands at Rs. 14,994, whereas the maximum investment amount is Rs. 1,94,922.
-
When will Hariom Atta & Spices IPO allotment status?
The Hariom Atta & Spices IPO allotment status will be available on or around May 22, 2024.
-
When will Hariom Atta & Spices IPO list?
The Hariom Atta & Spices IPO is planned to list on May 24, 2024, at NSE SME.
RHP:
RHP of HOAC Foods India Limited IPO
DRHP:
DRHP of HOAC Foods India Limited IPO
-
What is the issue size of the Hariom Pipe Industries Limited IPO?
The issue size of Hariom Pipe Industries Limited's initial public offering is around Rs. 130 crores.
-
What is the percentage of reservations among QIB, NII and RII?
The percentage of reservations distributed among Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII) and Retail Institutional Investors (RII) includes 50%, 15% and 35%, respectively.
-
What are the minimum and maximum investment amounts for Hariom Pipe Industries Limited IPO?
For this IPO of Hariom Pipe Industries Limited, the minimum investment amount stands at Rs. 14,994, whereas the maximum investment amount is Rs. 1,94,922.
-
When will Hariom Atta & Spices IPO allotment status?
The Hariom Atta & Spices IPO allotment status will be available on or around May 22, 2024.
-
When will Hariom Atta & Spices IPO list?
The Hariom Atta & Spices IPO is planned to list on May 24, 2024, at NSE SME.
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