HMA Agro GMP IPO Details
HMA Agro IPO: Key Details and Market Offering
HMA Agro Industries Limited, a prominent player in the processed food and agro products sector in India, is gearing up for its Initial Public Offering (IPO). The IPO is scheduled to open on June 20, 2023, and will conclude on June 23, 2023. The company aims to raise approximately ₹480 crores through this IPO, which comprises a fresh issue of ₹150 crores and an offer for sale of up to ₹330 crores. Each share has a face value of ₹10.
The IPO allocation has been divided among different investor categories. The retail quota has been set at 35%, providing an opportunity for individual investors to participate. Qualified Institutional Buyers (QIBs) have been allocated 50% of the offering, while High Net Worth Individuals (HNIs) have been assigned 15%.
HMA Agro Industries Limited has established itself as one of the largest exporters of frozen buffalo meat products from India. Their frozen deboned and deglanded buffalo meat, as well as processed/frozen fruits, vegetables, and cereals, have gained significant popularity in both domestic and international markets.
Under the brand names “Black Gold,” “Kamil,” and “HMA,” the company has successfully marketed its packaged products. These products have garnered attention and demand across more than 40 countries, including the United Arab Emirates (UAE), Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Cambodia, and various other Middle Eastern, Commonwealth of Independent States (CIS), and African nations.
HMA Agro Industries Limited operates multiple meat processing plants in Aligarh, Mohali, Agra, and Parbhani. In line with their expansion plans, the company is currently in the process of establishing its fifth fully integrated meat product processing unit in Haryana. Additionally, they own two secondary-level meat processing units located in Jaipur and Manesar.
This IPO presents an opportunity for investors to participate in the growth of HMA Agro Industries Limited, a prominent player in the food trade sector, known for its high-quality frozen buffalo meat products and diversified agro offerings.
Objects of the Issue
- Working capital requirements of the company, and
- General corporate purpose.
HMA Agro
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
HMA Agro IPO Review (Apply or Not)
- May Apply
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
HMA Agro IPO Date & Price Band Details
| IPO Open: | June 20, 2023 |
| IPO Close: | June 23, 2023 |
| IPO Size: | Approx ₹480 Crores |
| Fresh Issue: | Approx ₹150 Crores |
| Offer for Sale: | Approx ₹330 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹555 to ₹585 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
HMA Agro IPO Market Lot
The HMA Agro IPO minimum market lot is 25 shares with ₹14,625 application amount. The retail investors can apply up-to 13 lots with 325 shares or ₹190,125 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 25 | ₹14,625 |
| Retail Maximum | 13 | 325 | ₹190,125 |
| S-HNI Minimum | 14 | 350 | ₹204,750 |
| B-HNI Minimum | 68 | 1,725 | ₹1,009,125 |
HMA Agro IPO Allotment & Listing Dates
The HMA Agro IPO date is June 20 and the close date is June 23. The HMA Agro IPO allotment will be finalized on June 29 and the IPO listing on July 4.
| Price Band Announcement: | June 8, 2023 |
| Anchor Investors Allotment: | June 19, 2023 |
| IPO Open Date: | June 20, 2023 |
| IPO Close Date: | June 23, 2023 |
| Basis of Allotment: | June 29, 2023 |
| Refunds: | June 30, 2023 |
| Credit to Demat Account: | July 3, 2023 |
| IPO Listing Date: | July 4, 2023 |
You can check IPO allotment status.
How to Apply for the HMA Agro IPO
How to apply for the HMA Agro IPO? You can apply for HMA Agro IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the HMA Agro IPO in the Invest section. The other option is you can apply for HMA Agro IPO via IPO forms downloaded via NSE and BSE.
HMA Agro Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹2416 | ₹2354 | ₹45.90 |
| 2021 | ₹1720 | ₹2354 | ₹72.61 |
| 2022 | ₹3139 | ₹2980 | ₹117.62 |
| 2023 9M | ₹2418 | ₹2267 | ₹113.24 |
HMA Agro IPO Valuation – FY2022
Check HMA Agro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹24.39 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.93% |
| Net Asset Value (NAV): | ₹9.66 per Equity Share |
(₹ in Millions, except percentages and ratios)
| Particulars | For the period ended December 31, 2022* | Fiscal 2022 | Fiscal 2021 | Fiscal 2020 |
|---|---|---|---|---|
| Revenue from Operations | 23,704.80 | 3,0831.91 | 17,074.97 | 23,727.89 |
| EBITDA | 1,652.53 | 1,758.15 | 1,098.15 | 786.25 |
| EBITDA Margin (%) | 6.97 | 5.70 | 6.43 | 3.31 |
| Restated profit for the period / year | 1,132.37 | 1176.21 | 715.97 | 458.98 |
| Restated profit for the period / year Margin (%) | 4.78 | 3.82 | 4.19 | 1.93 |
| Return on Average Equity (“RoAE”) (%) | 27.36 | 37.14 | 32.12 | 27.94 |
| Return on Capital Employed (“RoCE”) (%) | 33.39 | 42.15 | 39.16 | 36.58 |
| Net Debt / EBITDA Ratio | 1.91 | 1.77 | 1.18 | 1.66 |
| *Not Annualized |
Peer Group
- NA
Company Promoters
- WAJID AHMED
- GULZAR AHMAD
- MOHAMMAD MEHMOOD QURESHI
- MOHAMMAD ASHRAF QURESHI
- ZULFIQAR AHMAD QURASHI
HMA Agro IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
HMA Agro IPO Allotment Status Check
Check HMA Agro IPO allotment status on Bigshare website allotment URL. Click Here
HMA Agro IPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Limited
Company Address
HMA Agro Industries Limited
18A/5/3,
Tajview Crossing Fatehabad Road,
Agra – 282001
Phone: 7217018161
Email: cs@hmaagro.com
Website: https://www.hmagroup.co/
HMA Agro IPO FAQs
What is HMA Agro IPO?
HMA Agro IPO is a main-board IPO. They are going to raise ₹480 Crores via IPO. The issue is priced at ₹555 to ₹585 pr equity share. The IPO is to be listed on BSE & NSE.
When HMA Agro IPO will open?
The IPO is to open on June 20, 2023 for QIB, NII, and Retail Investors.
What is HMA Agro IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the HMA Agro IPO?
You can apply for HMA Agro IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the HMA Agro IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “HMA Agro”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the HMA Agro IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “HMA Agro”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the HMA Agro IPO through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “HMA Agro”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
What is HMA Agro IPO Size?
HMA Agro IPO size is ₹480 crores.
What is HMA Agro IPO Price Band?
HMA Agro IPO Price Band is ₹555 to ₹585.
What is HMA Agro IPO Minimum and Maximum Lot Size?
The minimum bid is 25 Shares with ₹14,625 amount while the maximum bid is 325 shares with ₹190,125.
What is the HMA Agro IPO Allotment Date?
HMA Agro IPO allotment date is June 29, 2023.
What is the HMA Agro IPO Listing Date?
HMA Agro IPO listing date is July 4, 2023. The IPO is to list on BSE and NSE.
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