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Open
16 May 2024
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Close
21 May 2024
3
Allotment
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Listing
Fri, May 24, 2024
Price Band
₹48 per share
Issue Size
11,55,000 shares (agg. up to ₹6 Cr)
Lot Size
3,000 Shares
Listing Date
Fri, May 24, 2024
Latest GMP
₹145
Est. Gain
302.08%
✦ AI Insight
GMP Trend
24-05-2024₹145Est. ₹193+302.08%
23-05-2024₹145Est. ₹193+302.08%
22-05-2024₹175Est. ₹223+364.58%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1962.94x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 7.66 | 4.92 | 3.60 | 2.08 |
| Total Income | 11.55 | 12.19 | 10.94 | 7.46 |
| Profit After Tax | 0.75 | 0.59 | 0.27 | 0.13 |
| NET Worth | 3.16 | 1.57 | 0.98 | 0.32 |
| Reserves and Surplus | 0.47 | 1.35 | 0.76 | 0.22 |
| Total Borrowing | 2.04 | 1.90 | 1.48 | 1.28 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Baba Food Processing (India) Ltd. | SME | ₹32.88 Cr | ₹76 | null | ₹72.20 | -5.00% | ₹24.00 (+0.00%) |
| Goyal Salt Ltd. | SME | ₹18.63 Cr | ₹38 | 13.97 | ₹136.10 | +258.16% | ₹115.00 (-0.04%) |
| Madhusudan Masala Ltd. | SME | ₹23.80 Cr | ₹70 | 10.08 | ₹114.00 | +62.86% | ₹241.10 (+1.09%) |
| Srivari Spices & Foods Ltd. | SME | ₹9.00 Cr | ₹42 | 9.59 | ₹106.55 | +153.69% | ₹282.70 (+4.34%) |
| Proventus Agrocom Ltd. | SME | ₹69.54 Cr | ₹771 | 186.23 | ₹862.05 | +11.81% | ₹1,698.80 (+4.22%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 3.50 |
| 2 | General Corporate Purpose | 1.46 |
About HOAC Foods IPO
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. As of December 31, 2023, the company employs 50 people in various departments.+ Read More
Contact Details
HOAC Foods India Ltd. AddressD-498, 1st Floor Palam ExtensionSector-7 DwarkaRaj Nagar-IINew Delhi, New Delhi, 110077+91 85272 73940info@attahariom.comVisit Website