HMA Agro Industries Ltd IPO: Check IPO Details, Date, Price | Espresso

EspressoLogy

HMA Agro Industries Ltd IPO Opens on June 20. Check IPO Details Issue Date Price

June 20, 2023
HMA Agro Industries Ltd IPO Opens on June 20. Check IPO Details Issue Date Price

HMA Agro Industries Limited is coming out with a fresh public issue to raise Rs. 480 crores from the market.

Below are the details of the HMA Agro Industries Limited IPO:

  • Issue opens – June 20 (Tuesday)
  • Issue closes – June 23 (Thursday)
  • Issue size – Rs. 480 crores
  • Price band – Rs. 555 to 585 per equity share
  • Bid lot – 25 shares and in multiples thereof.

Heard about Pre-Apply IPO?

With Espresso’s Pre-Apply IPO feature, you can apply for IPOs before the start date or even after the market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website


Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

And here are some details of the company and further details on the HMA Agro Industries Limited.

  • HMA Group has been in the meat industry since over four decades. Their company is the flagship company of the group and is a three-star export house recognized by Government of India. They are currently among the largest exporters of frozen buffalo meat products from India and they account for more than 10% of India’s total export of frozen buffalo meat (Source: Brickworks Analytics Report). Their products are mainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” and exported to over 40 countries all over the globe.
  • They deal in buffalo meat and allied products. Unlike beef or pork, buffalo meat is free from religious constraints and has the added advantage of low fat and cholesterol. The meat produced for export is in the form of deboned and deglanded frozen halal buffalo meat.
  • They (including their subsidiaries) own four fully integrated packaged meat processing plants which are located at Aligarh, Mohali, Agra and Parbhani and are in the process of setting up their fifth fully integrated owned meat product processing unit at Haryana. They are also in advanced stages to acquire an additional plant at Unnao and they expect to complete this acquisition by Q2 of FY 2023-24. These would make their total in-house meat product processing capacities to more than 4,00,000 metric tons p.a. spread over six different owned plants by FY 2023-24. Further they also own two additional secondary level meat processing units at Jaipur and Manesar.
  • In order to take advantage of their robust export business and well-established distribution channels across 40 countries, they have recently diversified their product portfolio by adding Frozen Fish Products, Basmati Rice and planning to start Poultry and other agri products as business verticals. They intend to become one of the most well recognized food products exporters in India.

Company details:

Issue Size:

Rs. 480 crores

Issue break-up:

  • QIB – 50% of the offer – Rs. 240 crores
  • NIB – 15% of the offer – Rs. 72 crores
  • RET – 35% of the offer – Rs. 168 crores

Listing:

BSE and NSE

Registrar:

Bigshare Services Private Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Friday, June 23, 2023     

Not an Espresso customer, but still want to apply for the HMA Agro Industries Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.