HOAC Foods India Ltd IPO

HOAC Foods India Ltd (Hariom Atta & Spices) is launching an IPO with 11,55,000 shares at Rs.10 each, totaling INR 5.54 crores, to fund working capital and corporate needs.

Important Details

Open Date : May 16, 2024 Close Date : May 21, 2024 Allotment Date: May 22, 2024 Listing Date: May 24, 2024

Important Details

IPO Price: INR 48 per share Lot Size: 3000 shares Total Issue Size: INR 5.54 crores

Fundamental Analysis

HOAC Foods India Financial analysis shows mixed performance:  1. Revenue grows steadily, surpassing benchmarks. 2. Equity rises, reducing debt reliance & Profits soar. 3. EPS Ups, but RoNW dips slightly & strengthening liquidity.

Peer Comparison

HOAC Foods India: Steady revenue and profit growth; moderate RoNW. Contil India: High revenue and RoNW; substantial debt. Jetmall Spices and Masala: Lower revenue and profitability.


HOAC Foods India's main objective is to fund its working capital requirements.

Risks And Challenges

1. Reliance on third-party suppliers exposes HOAC Foods India to quality, delay, and supply risks. 2. Intense competition from organized and unorganized players impacts profitability.