HMA Agro Industries Limited IPO: What You Need to Know Before Investing

HMA Agro Industries has announced its Initial Public Offering (IPO). The window for this offering is set to open on June 20th and will run until June 23rd. The company is involved in the distribution and processes of agricultural and food products.
The offering comprises a new issue totalling up to Rs 150 Crores. The company has determined a price range of Rs 555 to Rs 585 for each share. The order quantity for this offering has been established as 25 shares per lot. The allocation of these shares will occur on June 29th.
The public offering date on which it is scheduled to be listed on stock exchanges will be Tuesday, 4 July 2023. Aryaman Financial Services Limited is the book-running lead manager for this offer.

HMA Agro Industries Limited Product Portfolio
Established in 2008, HMA Agro Industries Limited is a prominent food trade player specialising in handled food and agro products. Their offerings encompass frozen buffalo meat, ready-to-eat or frozen fruits, vegetables, and cereals throughout India.
HMA Agro Industries has a notable presence in the Indian meat export market, contributing over 10% to the total export of frozen buffalo meat. Their products, marketed under the labels “Black Gold,” “Kamil,” and “HMA,” reach consumers in over 40 countries worldwide.
The company operates four fully integrated meat packaging plants in Aligarh, Mohali, Agra, and Parbhani. They’re also constructing a fifth facility in Haryana and acquiring another in Unnao by the second quarter of the fiscal year 2022-23. These expansions will increase their in-house meat product processing capacity to exceed 400,000 metric tons per annum, distributed across six owned plants by Q2 of FY 2022-23. Additionally, HMA Agro Industries maintains two supplementary meat processing units in Jaipur and Manesar.
The company’s facilities have got approval for its export to multiple countries that includes the UAE, Iraq, the UAE, Oman, Bahrain, Saudi Arabia,  Jordan, Egypt, Algeria, Vietnam, Angola, Indonesia, Georgia, Cambodia, and Malaysia along with other Middle Eastern, CIS, and African countries. HMA Agro Industries’ export activities constitute roughly 90% of its total sales.
Operating under the HMA GROUP, the company employs about 25,000 individuals and maintains over 10 offices and 5 operation sites throughout India.

The Objectives of HMA Agro Industries Limited IPO
The purpose of the new net issue is to accumulate funds to meet: The operational capital needs of the organisation and various overall business-related objectives.

About the IPO
Details surrounding the HMA Agro Industries Limited IPO have been confirmed. The IPO is scheduled to launch on the market on June 20 and conclude on June 23, 2023. The intention is to amass approximately Rs 480 crores through the IPO. This includes a fresh issue of Rs 150 crores and an offer for sale of Rs 330 crores at Rs 10 per share. The shares have been distributed among retail investors (35%), Qualified Institutional Buyers (QIB – 50%), and High Networth Individuals (HNI – 15%).
The minimum share lot for the HMA Agro IPO is 25 shares, translating to an application sum of Rs 14,625. Retail investors can apply for up to 13 lots, which equals 325 shares or Rs 190,125. The IPO launch and conclusion dates have been set for June 20 and June 23, respectively. Share allotment will be finalised by June 29, and the IPO is expected to be listed by July 4. The share distribution among various investor classes has been determined for the IPO: QIB at 50%, NII at 15%, and Retail at 35%.

Financial Performance (In Crore)

Important Dates for HMA Agro Industries Limited IPO

Market Lot

Tentative Timetable 

HMA Agro Industries Limited IPO Lead Manager
⦁ Aryaman Financial Services Limited

Promoters of the Company
The promoters of the company are Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi, Mohammad Ashraf Qureshi, and Zulfiqar Ahmad Qurash.

How to Apply
Wait for the public issue to open for subscription, then click on this link to apply for the HMA Agro Industries Limited IPO with Bigul 

How to Check Allotment Status
The registrar for HMA Agro Industries Limited IPO is Bigshare Services Pvt Ltd https://www.bigshareonline.com/

FAQs

1. What does the HMA Agro Industries IPO entail?
The HMA Agro Industries IPO refers to a main-board Initial Public Offering (IPO) consisting of equity shares with a face value of Rs 10 each, with an aggregate value of Rs 480.00 Crores. Each share is priced between Rs 555 and Rs 585, with a minimum purchase order of 25 shares. The IPO opens on June 20, 2023, and closes on June 23, 2023. Bigshare Services Pvt Ltd will serve as the registrar for the IPO, and the proposed listing will be on both BSE and NSE.
2. How can one apply for the HMA Agro Industries IPO?
To apply for the HMA Agro Industries Limited IPO, one should wait until the public issue opens for a subscription. When it does, follow this link: https://ipo.bonanzaonline.com/ to apply through Bigul.
3. When does the HMA Agro Industries IPO open?
The HMA Agro Industries IPO will begin on June 20, 2023, and conclude on June 23, 2023.
4. What is the lot size for the HMA Agro Industries IPO?
The lot size for the HMA Agro Industries IPO has been fixed at 25 shares.
5. When will the HMA Agro Industries IPO allotment take place?
The Basis of Allotment for the HMA Agro Industries IPO is scheduled to be finalised on Thursday, June 29 2023. The allocated shares are expected to be transferred to the respective demat accounts by Monday, July 3 2023.
6. When is the listing date for the HMA Agro Industries IPO?
The HMA Agro Industries IPO listing date has not been officially announced yet. However, it is provisionally set for Tuesday, July 4 2023.