HOAC Foods India Limited IPO: Price, Lot Size, Strengths and Risks

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Delhi-based food product manufacturer, HOAC Foods India Limited, has finally decided to launch its IPO on May 16, 2024. The IPO will consist of 11,55,000 equity shares with a face value of Rs. 10 each, offered at a fixed price of Rs. 48 per share, aiming to raise Rs. 5.54 crore. 

The company specialises in the production of organic spices, grains, pulses, flour and mustard oil from handpicked raw materials and processed without artificial preservatives, ensuring freshness and quality for consumers in the Delhi-NCR markets. 

Let us find out more information on the HOAC Foods India Limited IPO so we can make a sound investment decision. 

Additional Read: Hoac Foods India Ltd IPO

IPO Details

Take a look at the table below to get a quick idea of the upcoming IPO set to be launched by HOAC Foods India Limited.

IPO Launch Date

May 16, 2024 to May 21, 2024

Issue Type

Fixed Price IPO

Listed at

NSE Emerge

Issue Price 

Rs. 48 per share

Face value 

Rs. 10 per share

Minimum Lot Size

3,000 shares (Retail Investors) 

Fresh Issue Size


OFS Size


Total Issue Size 

Rs. 5.54 crore

Shareholding Pre-Issue


Shareholding Post-Issue


About the Company

HOAC Foods India Limited, also known as Hariom Atta & Spices, has been operating in the manufacturing sector since 2018. The company specialises in producing flour, spices, grains, yellow mustard oil and unpolished pulses, primarily targeting customers in and around the Delhi-NCR region. With a diverse product portfolio comprising 153 SKUs, they have established a strong presence in the regional food market.

The company operates ten exclusive brand stores, out of which four are self-owned and six are franchisee-owned outlets. Its manufacturing facility is located in Gurugram, where all products are manufactured and packaged under the brand name 'HARIOM'. Furthermore, the company's manufacturing facilities hold accreditation from FSSAI under the Food Safety and Standards Act 2006.

Building on its success and solid foundation, HOAC Foods India Ltd has decided to pursue an IPO this year. This move aims to raise capital to meet various objectives,  including fulfilling working capital requirements, addressing general corporate purposes and fueling its expansion plans.

Additional Read: How to Invest in an IPO Online

IPO Timeline 

Check out the tentative schedule and launch timeline of the HOAC Foods India Limited IPO, as announced by the company.

Open Date 

Thursday, May 16, 2024

Close Date 

Tuesday, May 21, 2024

Cut-off Time for UPI Mandate Confirmation

5 PM on May 21, 2024 

Basis of Allotment Date 

Wednesday, May 22, 2024

Initiation of Refunds Date 

Thursday, May 23, 2024

Credit of Shares to Accounts 

Thursday, May 23, 2024

Listing Date 

Friday, May 24, 2024

IPO Lot Sizes

As a retail investor, you will need to put in a bid for at least one lot, i.e. 3,000 shares worth Rs. 1,44,000 in HOAC Foods India Limited IPO. Here are the details of minimum and maximum lot sizes and investment amounts for different investors.





Retail (Minimum)



Rs. 1,44,000

Retail (Maximum)



Rs. 1,44,000

HNI (Minimum)



Rs. 2,88,000

Company Financials 

The table below outlines the financial details about HOAC Foods India Limited for the past 3 years that you must know before investing in its IPO. 


For the Financial Year Ending (In Rs. Lakhs*)


March 31, 2023

March 31, 2022

March 31, 2021

Total Assets




Total Liabilities




Total Expenses




Total Revenue




Profit/Loss After Tax








EPS (Basic and Diluted) 




*Except EPS

Additional Read: Difference Between NFO and IPO

Strengths of the Company

Here are some of the key strengths of HOAC Foods India Limited that set it apart from its competitors. 

  • Its unique business model has enabled the company to establish a loyal customer base in and around Delhi-NCR. This model has also allowed it to effectively manage the costs associated with business operations, from sourcing raw materials from vendors and farmers to delivering products to customers.
  • The company’s understanding of consumer tastes complements its product development, resulting in a diverse portfolio including spices like chai masala, mustard oil, pulses and more. It offers a total of 153 product SKUs, including ground and blended spices, and wheat flour. 
  • The company’s strength also lies in making products accessible to customers through omnichannel distribution networks, covering both online and offline touchpoints.

Risks Involved 

In addition to strengths, there are also certain risks associated with the business of HOAC Foods India Limited. Interested investors should be mindful of both aspects. Here are some of the risk factors:

  • The company must secure and maintain necessary permits, licences and approvals for its operations and manufacturing facility. Any delay or failure in obtaining or renewing these could adversely impact its results.
  • Operating in highly competitive markets, the company faces competition in terms of larger scale and resources. As a result, there is a risk of losing market share, experiencing reduced net revenues and decreased profitability.

Summing Up 

Here is all you need to know about the upcoming HOAC Foods India Limited IPO. With this information, you can plan an investment strategy by May 16 that aligns with your goals. Till then, you can consider opening a demat account with us if you do not have one already. Moreover, stay tuned to our website for regular updates on upcoming IPOs.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Source: Tata Consumer Products Press Release on BSE

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Frequently Asked Questions

How much is HOAC Foods India Limited IPO worth?

Answer Field

The total issue size of HOAC Foods India Limited IPO is Rs. 5.54 crore. This is a fixed price issue where all the shares are offered at Rs. 48 per share.

Has HOAC Foods India Limited recorded profits in the last few years?

Answer Field

Yes, HOAC Foods India Limited has experienced consistent growth in its profit after tax over the financial years ending March 31, 2022 and 2023. The profits surged from Rs. 27.33 lakh in 2022 to Rs. 58.79 crore in 2023, marking an impressive 115.11% increase.

Who are the book-running lead managers of HOAC Foods India Limited IPO?

Answer Field

GYR Capital Advisors Private Limited is the sole book-running lead manager of HOAC Foods India Limited IPO.

Who is the registrar of HOAC Foods India Limited IPO?

Answer Field

Kfin Technologies Limited is the registrar of HOAC Foods India Limited IPO.

Will there be an Offer for Sale for the HOAC Foods India Limited IPO?

Answer Field

No, there will be no Offer for Sale (OFS) for the HOAC Foods India Limited IPO. The company is issuing new shares to raise capital, with no existing shareholders selling their shares through its IPO.

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