HOAC Foods India Limited (Hariom Atta & Spices) is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in their product range and markets & sell it in and around Delhi-NCR under the brand name “HARIOM” through their Exclusive Brand Outlets. They handpick their raw materials from various parts of the country and process their 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. Their model has helped them penetrate the niche segment of their 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, they have developed a business model in which they manufacture and package their 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.
Presently most of their sales are derived from the Delhi-NCR region. Their extensive franchisee network comprised of 4 company-owned outlets and 6 franchisee-owned outlets, tallying 10 Exclusive Brand Outlets Outlets which sell and market only their brand’s products, complemented by their sales and marketing team comprising 12 employees, as of December 31, 2023. They also rely on the D2C platform through their in-house built Mobile Application both on Google Play Store and Apple’s App Store and Company website which is available for sale of their products. They have implemented a franchisee management system that helps them coordinate with their franchise owners, and store managers and provides visibility on their inventory levels and franchisee and store sales, enabling them to optimize their distribution network and reduce the time between the food product manufactured in their facility to consumer’s kitchen which is around within same day to maximum 1 day. This strong approach towards good supply-chain management across different business processes enables them to preserve the freshness, taste, and nutritional value of their products.
Objects of the Issue:
- Funding the working capital requirements of the company
- General Corporate Purposes
Hariom Atta & Spices IPO Review
- May Apply
Hariom Atta & Spices IPO (HOAC Foods India) Date & Price Band Details
| IPO Open: | May 16, 2024 |
| IPO Close: | May 21, 2024 |
| IPO Size: | Approx ₹5.54 Crores, 1,155,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹48 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Hariom Atta & Spices IPO Market Lot
The Hariom Atta & Spices IPO minimum market lot is 3000 shares with a ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹144,000 |
| Retail Maximum | 1 | 3000 | ₹144,000 |
| S-HNI Minimum | 2 | 6000 | ₹288,000 |
Hariom Atta & Spices IPO (HOAC Foods India) Dates
The Hariom Atta & Spices IPO date is May 16 and the IPO close date is May 21. The IPO allotment date is May 22 and the IPO might list on May 24.
| IPO Open Date: | May 16, 2024 |
| IPO Close Date: | May 21, 2024 |
| Basis of Allotment: | May 22, 2024 |
| Refunds: | May 23, 2024 |
| Credit to Demat Account: | May 23, 2024 |
| IPO Listing Date: | May 24, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Hariom Atta & Spices IPO Form
How to apply Hariom Atta & Spices IPO? You can apply Hariom Atta & Spices IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Hariom Atta & Spices IPO in the Invest section. The other option you can apply Hariom Atta & Spices IPO via IPO forms download via the NSE website. Check out the Hariom Atta & Spices forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Hariom Atta & Spices Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹7.46 | ₹7.29 | ₹0.13 |
| 2022 | ₹10.94 | ₹10.56 | ₹0.27 |
| 2023 | ₹12.19 | ₹11.38 | ₹0.59 |
| Dec 2023 | ₹11.55 | ₹10.52 | ₹0.74 |
Hariom Atta & Spices IPO Valuation – FY2023
Check Hariom Atta & Spices IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.19 per Equity Share |
| Price/Earning P/E Ratio: | 15.05 |
| Return on Net Worth (RoNW): | 37.48% |
| Net Asset Value (NAV): | ₹72.29 per Equity Share |
Peer Group
- Contil India Limited
- Jetmall Spices and Masala
Company Promoters
- Mr. Rambabu Thakur
- Mrs. Gaytri Thakur
- Yashwant Thakur
Hariom Atta & Spices IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Hariom Atta & Spices IPO Allotment Status
Check Hariom Atta & Spices IPO allotment status on Kfin Technologies website URL. Click Here
Hariom Atta & Spices IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
HOAC Foods India Limited
D-498, 1st Floor Palam Extension
Sector-7 Dwarka, Raj Nagar – II,South West Delhi
New Delhi- 110077
Phone : +91 85272 73940
Email : [email protected]
Website : https://hoacfoodsindia.com/
