HOAC Foods India Limited IPO Detail
Last Updated on May 14, 2024 HOAC Foods India Limited IPO Incorporated in 2018, HOAC Foods India Limited is a manufacturer of flour, spice, and other food products. The brand
Jay Kailash Namkeen Limited was established in 2021 and manufactures packaged Indian snacks.
The company’s product portfolio includes Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc.
The company has 186 SKUs of 56 products in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms and 20 kilograms.
Jay Kailash Namkeen’s customers come from Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh.
The company’s production facility is located in Rajkot, Gujarat, and has a production capacity of 10 tons per working day.
As of November 30, 2023, the company employed 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.
Jay Kailash Namkeen Limited’s revenue decreased by -5.31% and profit after tax (PAT) rose by 62.71% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 1,118.30 | 671.19 | 613.46 | 373.57 |
Revenue | 646.19 | 987.74 | 1,043.12 | 1,314.80 |
Profit After Tax | 40.45 | 88.79 | 54.57 | 8.81 |
Net Worth | 582.45 | 359.21 | 83.20 | 28.42 |
Reserves and Surplus | 246.12 | 65.88 | 49.42 | |
Total Borrowing | 354.67 | 238.44 | 65.76 | 111.58 |
Amount in ₹ Lakhs |
The company intends to utilize the net proceeds of the issue to meet the following objects:
Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024.
IPO Open Date | Thursday, March 28, 2024 |
IPO Close Date | Wednesday, April 3, 2024 |
Basis of Allotment | Thursday, April 4, 2024 |
Initiation of Refunds | Friday, April 5, 2024 |
Credit of Shares to Demat | Friday, April 5, 2024 |
Listing Date | Monday, April 8, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
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