HOAC Foods India, a Delhi-based SME food company known for its “HARIOM” brand, hit a new 52-week high of ₹244.45 after opening its first Qualified Institutional Placement (QIP) issue on June 30. With a strong financial track record and expansion plans underway, the stock remains locked in the 5% upper circuit amid strong investor interest.
HOAC Foods India Ltd., a Delhi-based SME company known for its premium natural food products under the “HARIOM” brand, reached a new 52-week high of ₹244.45 after opening its first-ever Qualified Institutional Placement (QIP) on June 30, 2025. The stock was locked in the 5% upper circuit on Tuesday, reflecting strong investor confidence as the company looks to raise ₹10 crore to fund future growth.
HOAC Foods India, incorporated in March 2018, operates in the health-focused food segment offering chakki atta, organic herbs, unpolished pulses, grains, and cold-pressed oils. The QIP floor price is set at ₹210.64 per equity share, while the June 30 closing price stood at ₹232.85. The final issue price will be decided in consultation with GYR Capital Advisors Pvt. Ltd., the book-running lead manager.
The QIP proceeds will be utilized for working capital needs and scaling the company’s operations. HOAC Foods’ performance has shown remarkable improvement—revenue grew from ₹12.10 crore in FY23 to ₹26.48 crore in FY25, while profit after tax surged from ₹0.50 crore to ₹2.48 crore. With an ROCE of 25% and an ROE of 33.71%, HOAC has proven operational efficiency.
The company operates through an integrated Direct-to-Consumer (D2C) and B2B model, managing 15 retail outlets across Delhi-NCR, along with digital sales via a mobile app used by over 14,500 monthly users. HOAC also runs two manufacturing units—one in Village Bhondsi and another in Village Mahinderwara.
Looking forward, the company plans to expand to metro cities, increase exports through HOAC Exports Pvt. Ltd., and introduce new categories like dry fruits.
The stock has shown a steady upward trend—gaining 30% in June and 27% in May—despite earlier corrections in Q1 2025. From its 52-week low of ₹105 in November 2024, the stock has jumped 133%, highlighting strong investor faith in HOAC’s business model and growth strategy.