HMA Agro Industries IPO

HMA Agro Industries IPO: HMA Agro Industries IPO will begin accepting subscriptions on Tuesday, June 20. The business hopes to raise Rs 480 crore through a primary stake sale by selling its shares for between Rs 555 and Rs 585 each. Up until June 23, 2023, readers can subscribe to the three-day issue.

A fresh issue of 25.64 lakh equity shares having a face value of ₹10 each, totaling ₹150 crores, and an offer for sale (OFS) component of 56.41 lakh equity shares, totaling ₹330 crores, make up the initial share sale. The company plans to use the net proceeds of the new issue to pay for general corporate expenses and working capital requirements.

HMA Agro Industries IPO Dates

HMA Agro Industries IPO opens on Jun 20, 2023, and closes on Jun 23, 2023. The finalization of the Basis of Allotment for HMA Agro Industries IPO will be done on Thursday, 29 June 2023, and the allotted shares will be credited to your demat account by Monday, 3 July 2023.

The HMA Agro Industries IPO listing date is Tuesday, 4 July 2023. On June 29, the allocation will be completed, and on July 4, the listing will take place. According to the announcement, Bigshare Services Pvt Ltd is the issue’s registrar and Aryaman Financial Services Ltd is the issue’s book-running lead manager. It further stated that the company’s shares would be listed on both the BSE and NSE.

With more than 10% of India’s frozen buffalo meat exports, HMA Agro Industries is one of the country’s top exporters of buffalo meat. Over 40 nations have received their exports of self-branded goods packaged under the brand names “Black Gold,” “Kamil,” and “HMA.”

HMA Agro Industries IPO Details

IPO DateJun 20, 2023 to Jun 23, 2023
Face Value₹10 per share
Price₹555 to ₹585 per share
Lot Size25 Shares
Total Issue Size[.] shares
(aggregating up to ₹480.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹150.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹330.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer

Important Dates of HMA Agro Industries IPO

HMA Agro Industries IPO opens on Jun 20, 2023, and closes on Jun 23, 2023.

EventTentative Date
Opening DateTuesday, 20 June 2023
Closing DateFriday, 23 June 2023
Basis of AllotmentThursday, 29 June 2023
Initiation of RefundsFriday, 30 June 2023
Credit of Shares to DematMonday, 3 July 2023
Listing DateTuesday, 4 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jun 23, 2023

HMA Agro Industries IPO Lot Size

The HMA Agro Industries IPO lot size is 25 shares.

Retail (Min)125₹14,625
Retail (Max)13325₹190,125
S-HNI (Min)14350₹204,750
S-HNI (Max)681,700₹994,500
B-HNI (Min)691,725₹1,009,125

Objects of the HMA Agro Industries IPO

The object of the net fresh issue is to raise funds for:

  • Working capital requirements of the company.
  • General corporate purpose.

About HMA Agro Industries Limited IPO

Incorporated in 2008, HMA Agro Industries Limited is a food trade organization for handled food and agro products including frozen fresh degraded 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.

HMA Agro Industries also owns two additional secondary-level meat processing units at Jaipur and Manesar.

The facilities are approved for export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Cambodia, and other Middle East, CIS, and African Countries, etc. Approximately 90% of the sales of the company are in the form of exports.

HMA GROUP has a total strength of around 25000 employees and works in excess of 10 workplaces and 5 working environments in India.