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HMA Agro Industries Limited IPO Detail

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 DateJun 20, 2023
IPO Closing DateJun 23, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹555 - 585 per equity share
Market Lot25 Shares
Min Order Quantity25 Shares
Listing AtBSE, 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)

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 DateJun 20, 2023
IPO Close DateJun 23, 2023
Basis of Allotment DateJun 29, 2023
Initiation of RefundsJun 30, 2023
Credit of Shares to Demat AccountJul 03, 2023
IPO Listing DateJul 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).

ApplicationLotsSharesAmount (Cut-off)

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:

  1. Working capital requirements of the company, and
  2. 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