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HMA Agro Industries IPO is a book built issue of Rs 480.00 crores. The issue is a combination of fresh issue of 0.26 crore shares aggregating to Rs 150.00 crores and offer for sale of 0.56 crore shares aggregating to Rs 330.00 crores.
HMA Agro Industries IPO bidding started from June 20, 2023 and ended on June 23, 2023. The allotment for HMA Agro Industries IPO was finalized on Thursday, June 29, 2023. The shares got listed on BSE, NSE on July 4, 2023.
HMA Agro Industries IPO price band is set at ₹555 to ₹585 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹14,625. The minimum lot size investment for sNII is 14 lots (350 shares), amounting to ₹204,750, and for bNII, it is 69 lots (1,725 shares), amounting to ₹1,009,125.
Aryaman Financial Services Limited is the book running lead manager of the HMA Agro Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to HMA Agro Industries IPO RHP for detailed information.
| IPO Date | June 20, 2023 to June 23, 2023 |
| Listing Date | July 4, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹555 to ₹585 per share |
| Lot Size | 25 Shares |
| Total Issue Size | 8,205,127 shares (aggregating up to ₹480.00 Cr) |
| Fresh Issue | 2,564,102 shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 5,641,025 shares of ₹10 (aggregating up to ₹330.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 47,512,875 |
| Share holding post issue | 50,076,977 |
HMA Agro Industries IPO offers 8,515,591 shares. 1,729,729 (20.31%) to QIB, 1,297,298 (15.23%) to NII, 3,027,027 (35.55%) to RII 2,461,537 (28.91%) to Anchor investors. 121,081 RIIs will receive minimum 25 shares and 1,235 (sNII) and 2,471 (bNII) will receive minimum 350 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,461,537 (28.91%) | NA |
| QIB Shares Offered | 1,729,729 (20.31%) | NA |
| NII (HNI) Shares Offered | 1,297,298 (15.23%) | |
| bNII > ₹10L | 864,865 (10.16%) | 2,471 |
| sNII < ₹10L | 432,433 (5.08%) | 1,235 |
| Retail Shares Offered | 3,027,027 (35.55%) | 121,081 |
| Total Shares Offered | 8,515,591 (100%) |
HMA Agro Industries IPO raises Rs 144.00 crore from anchor investors. HMA Agro Industries IPO Anchor bid date is June 19, 2023. HMA Agro Industries IPO Anchor Investors list
| Bid Date | June 19, 2023 |
| Shares Offered | 2,461,537 |
| Anchor Portion Size (In Cr.) | 144.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 27, 2023 |
HMA Agro Industries IPO opens on June 20, 2023, and closes on June 23, 2023.
| IPO Open Date | Tuesday, June 20, 2023 |
| IPO Close Date | Friday, June 23, 2023 |
| Basis of Allotment | Thursday, June 29, 2023 |
| Initiation of Refunds | Friday, June 30, 2023 |
| Credit of Shares to Demat | Monday, July 3, 2023 |
| Listing Date | Tuesday, July 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 23, 2023 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹190,125 |
| S-HNI (Min) | 14 | 350 | ₹204,750 |
| S-HNI (Max) | 68 | 1,700 | ₹994,500 |
| B-HNI (Min) | 69 | 1,725 | ₹1,009,125 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Wajid Ahmed, Mr. Gulzar Ahmad, Mr. Mohammad Mehmood Qureshi, Mr. Mohammad Ashraf Qureshi, and Mr. Zulfiqar Ahmad Qurashi.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
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.
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, Combodia, 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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-19 | 549.27 | 2,784.03 | 31.17 | 141.45 | 137.73 | 131.98 |
| 31-Mar-20 | 472.85 | 2,416.61 | 45.90 | 187.05 | 183.32 | 169.13 |
| 31-Mar-21 | 572.04 | 1,720.40 | 71.60 | 258.69 | 254.92 | 181.34 |
| 31-Mar-22 | 856.11 | 3,138.98 | 117.62 | 374.65 | 327.03 | 330.02 |
| Amount in ₹ Crore | ||||||
The market capitalization of HMA Agro Industries IPO is Rs 2929.5 Cr.
| KPI | Values |
|---|---|
| ROCE | 0.33 |
| Debt/Equity | 0.75 |
| RoNW | 28.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.83 | |
| P/E (x) | 19.4 |
The objects of the net fresh issue is to raise funds for:
[Dilip Davda] No doubt, there is uproar against this IPO from some investor community. But their apprehension about cow meat is totally misleading. This company is engaged in frozen buffalo meat exports and it is rising year over year amidst control of many regulatory bodies including APEDA. Based on its FY23 annualized earnings, the IPO appears reasonably priced. Well-informed/cash surplus investors may consider parking of funds for the medium to long-term rewards. Read detail review...
The HMA Agro Industries IPO is subscribed 1.62 times on June 23, 2023 7:02:00 PM. The public issue subscribed 0.96 times in the retail category, 1.74 times in the QIB category, and 2.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.74 |
| NII | 2.97 |
| bNII (bids above ₹10L) | 3.82 |
| sNII (bids below ₹10L) | 1.29 |
| Retail | 0.96 |
| Total | 1.62 |
Total Application : 64,252 (0.53 times)
| Listing Date | July 4, 2023 |
| BSE Script Code | 543929 |
| NSE Symbol | HMAAGRO |
| ISIN | INE0ECP01016 |
| Final Issue Price | ₹585 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹585.00 |
| ₹615.00 |
| ₹570.00 |
| ₹670.45 |
| ₹584.75 |
| NSE |
|---|
| ₹585.00 |
| ₹625.00 |
| ₹570.00 |
| ₹667.00 |
| ₹585.65 |
HMA Agro Industries Limited
18A/5/3,
Tajview Crossing Fatehabad Road,
Agra -282001
Phone: +91 – 7217018161
Email: cs@hmaagro.com
Website: https://www.hmagroup.co/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
HMA Agro Industries IPO is a main-board IPO of 8,205,127 equity shares of the face value of ₹10 aggregating up to ₹480.00 Crores. The issue is priced at ₹555 to ₹585 per share. The minimum order quantity is 25 Shares.
The IPO opens on June 20, 2023, and closes on June 23, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HMA Agro Industries IPO using UPI as a payment gateway. Zerodha customers can apply in HMA Agro Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HMA Agro Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HMA Agro Industries IPO opens on June 20, 2023 and closes on June 23, 2023.
HMA Agro Industries IPO lot size is 25 Shares, and the minimum amount required is ₹14,625.
You can apply in HMA Agro Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HMA Agro Industries IPO will be done on Thursday, June 29, 2023, and the allotted shares will be credited to your demat account by Monday, July 3, 2023. Check the HMA Agro Industries IPO allotment status.
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