HMA Agro Industries Limited IPO Detail
Incorporated in 2008, HMA Agro Industries Limited is a food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.
HMA Agro Industries is one of the largest exporters of frozen buffalo meat products from India and accounts for more than 10% of India's total export of frozen buffalo meat. The company's products are packaged under the brand name "Black Gold", "Kamil" & "HMA" and are exported to over 40 countries all over the globe.
The company has four fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, and Parbhani and is in the process of setting up a fifth fully integrated owned meat product processing unit in Haryana. The company is also in the process of acquiring an additional plant at Unnao by Q2 of FY 2022-23. These would make the total in-house meat product processing capacities to more than 4,00,000 metric tons p.a. spread over six different owned plants by Q2 of FY 2022-23.
Company Promoters
IPO Details
| IPO Opening Date | Jun 20, 2023 |
| IPO Closing Date | Jun 23, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹555 - 585 per equity share |
| Market Lot | 25 Shares |
| Min Order Quantity | 25 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹480.00 Cr |
| Fresh Issue | [.] shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹330.00 Cr) |
| Retail Portion | 35.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.74x | - | - | 2.97x | 0.96x | 1.62x |
IPO Tentative Timetable
The HMA Agro Industries Limited IPO open date is Jun 20, 2023, and the close date is Jun 23, 2023. The issue may list on Jul 04, 2023.
| IPO Open Date | Jun 20, 2023 |
| IPO Close Date | Jun 23, 2023 |
| Basis of Allotment Date | Jun 29, 2023 |
| Initiation of Refunds | Jun 30, 2023 |
| Credit of Shares to Demat Account | Jul 03, 2023 |
| IPO Listing Date | Jul 04, 2023 |
IPO Lot Size
The HMA Agro Industries Limited IPO market lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹190125).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 25 | ₹14625 |
| Maximum | 13 | 325 | ₹190125 |
Company Financials:
For the year/period ended (₹ in Crore)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 472.85 | 2416.61 | 45.90 |
| 31-Mar-21 | 572.04 | 1720.40 | 71.60 |
| 31-Mar-22 | 856.11 | 3138.98 | 117.62 |
Objects of the Issue:
The objects of the net fresh issue is to raise funds for:
- Working capital requirements of the company, and
- General corporate purpose.
HMA Agro Industries Limited IPO Registrar:
Bigshare Services Pvt Ltd
HMA Agro Industries Limited IPO Lead Manager(s):
Aryaman Financial Services Limited
Company Contact Information:
HMA Agro Industries Limited
18A/5/3, Tajview Crossing Fatehabad Road
Agra
Agra
