Archive · 2 Jul 2025
HOAC Foods India Launches QIP to Boost Growth Plans
Imagine a company called HOAC Foods that sells healthy food like wheat flour and spices.
They want to grow bigger, so they're selling some shares to big investors through something called a QIP.
This means they'll get money to expand their business.
The company's shares were priced at ₹210.64 each, and they are aiming to raise up to ₹1,000.00 Lakhs.
HOAC Foods has been doing well, with increasing sales and profits.
They have stores and sell online, and the new money will help them open more stores and sell more products.
HOAC Foods India Limited plans to raise funds through its first Qualified Institutional Placement (QIP).
The QIP issue's opening date is June 30, 2025, with a floor price of ₹210.64 per equity share.
The company's revenue has increased from ₹12.10 Cr (FY23) to ₹26.48 Cr (FY25).
HOAC Foods operates 15 retail outlets and utilizes a D2C + B2B retail strategy.
Proceeds from the QIP will fund working capital for the company's growth plans.
- Who
- HOAC Foods India Limited, a company that sells natural food products.
- What
- HOAC Foods India Limited is launching a Qualified Institutional Placement (QIP) to raise funds.
- When
- The QIP issue opened on June 30, 2025.
- Where
- New Delhi, India.
- Why
- To fund working capital and accelerate growth plans, including expansion and diversification.
- Company Name
- HOAC Foods India Limited
- Industry
- Food Manufacturing and Distribution
- QIP Amount
- Up to ₹1,000.00 Lakhs
- Floor Price
- ₹210.64 per equity share
- FY25 Revenue
- ₹26.48 Cr
- FY25 PAT
- ₹2.48 Cr
- Retail Outlets
- 15 (5 owned + 10 franchise)