Hoac Foods India Share Price

Hoac Foods India Limited was originally incorporated with the name as Hoac MP Atta Spices Manufacture Private Limited a Private Limited Company on March 13, 2018, with Registrar of Companies, Delhi. Thereafter, the Company name got changed to Hoac Foods India Private Limited dated November 03, 2021. Subsequently, it was converted into a Public Limited and the name of the Company was changed to Hoac Foods India Limited and a fresh Certificate of Incorporation dated 30th October, 2023 was issued by the Registrar of Companies, at New Delhi.Hoac Foods are engaged in the manufacturing of flour (chakki atta), herbs spices, unpolished pulses, grains, pure spices, dry fruits, vegetable roots, and mustard oil. Company handpick raw materials from various parts of the country and process the products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. The Company operate from manufacturing facility at Village Bhondsi, in Gurugram. Since inception, the objective was to produce highquality natural spices and food products without artificial preservatives or synthetic substances. To achieve this, the Company developed a unique business model through which it manufacture and package products in quantities that sustain a customer until the shelf life of the product, reducing waste and providing a diverse range of products with freshness and goodness.The Company in year 201819, started manufacturing, trading and processing business of Cooking powder, Organic flour, cooking spices, Rice, wheat, wheats flour and set up mills. In 202122, it opened a new factory in Haryana and in 202324 has opened 1 new franchises outlet at Faridabad, in Harayana. It installed a cleaning equipment and a specific grinding facility to grind each variety of spice into powder, such as chili, turmeric, cumin, and coriander. The majority of manufacturing operations are mechanized, reducing the need of physical labor.The Company launched the IPO by issuing 11,55,000 equity shares of Rs 10 and raised Rs 5.54 crore on 21 May 2024. The Company launched HOAC Exports Pvt. Ltd. for global expansion, scaled mustard oil production 5x with new coldpressed variants, and rolled out a B2B model selling 25,000+ flour bags in two months across Tier1 Tier2 cities in FY 2025.