This Microcap company announces a QIP worth Rs 10 crore!
The company plans to raise up to Rs 1,000.00 Lakhs through its first-ever Qualified Institutional Placement (QIP).
HOAC Foods India Ltd, incorporated on March 12, 2018, headquartered in New Delhi, Hoac Foods India Limited is engaged in the manufacturing and distribution of high-quality natural food products under the brand name “HARIOM”, offering a diverse range that includes chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil. The company plans to raise up to Rs 1,000.00 Lakhs through its first-ever Qualified Institutional Placement (QIP).
The Members of the company has approved the issue on 26 June 2025.
HOAC Foods India Limited informed that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 210.64 per equity share. On June 30, 2025, the closing price of the Equity Shares on NSE was Rs 232.85 per Equity Share.
Company may offer a discount of not more than 5 per cent on the floor price so calculated for the issue. The issue price will be determined by the Company in consultation with the book-running lead manager appointed for the issue.
The proceeds from the QIP will be strategically deployed to accelerate HOAC Foods India Limited growth plans. These include funding working capital requirement for the expected rapid growth in the coming years.
The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited.
Financial Performance
Revenue grew from Rs 12.10 Cr (FY23), Rs 15.63 Cr (FY24), Rs 26.48 Cr (FY25).
PAT increased from Rs 0.50 Cr (FY23) to 2.48 Cr (FY25).
ROCE at 25.00 per cent and ROE at 33.71 per cent in FY25.
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Key Business Highlights
INTEGRATED D2C + B2B RETAIL STRATEGY
Operates 15 retail outlets (5 owned + 10 franchise) across Delhi-NCR. Growing presence in B2B via kirana stores and modern trade channels.
SCALABLE AND EFFICIENT OPERATIONS
The company operates two modern manufacturing facilities — Factory 1 in Village Bhondsi and Factory 2 in Village Mahinderwara. Its efficient supply chain ensures fast delivery and consistent product freshness.
AGGRESSIVE EXPANSION AND DIVERSIFICATION
The company continues to expand its product portfolio by introducing new categories such as dry fruits. Future plans include entering metro markets, increasing exports through HOAC Exports Pvt. Ltd., and enhancing manufacturing capacity.
STRONG DIGITAL & E-COMMERCE LEVERAGE
With over 14,500 monthly users, the company drives significant sales through its D2C mobile app and call-based orders. This approach supports a growing user base, maintains healthy average order values, and enables direct consumer engagement, helping strengthen brand loyalty and margins.