HMA Agro Industries IPO Details
Issue Date
--
Price Range
₹585
Lot Size
25
IPO Size
₹480.00 Cr
HMA Agro Industries IPO Listing Details
Listing On
4 Jul'23
Issue Price
--
Listed Price
₹ 625
Retail Gain/Listing Gain
▲6.84%
Schedule of HMA Agro Industries IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
04/07/2023
Company Background
The HMA Group has been in the meat industry for over four decades and is a three-star export house recognised by the Government of India. The company is currently among the largest exporters of frozen buffalo meat products from India, at 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,” and “HMA,” and are exported to over 40 countries worldwide.
In order to take advantage of its robust export business and well-established distribution channels across 40 countries, HMA Agro Industries have recently diversified its product portfolio by adding frozen fish products, basmati rice, and planning to start poultry and other agri products as business verticals.
In the last few years, HMA Agro Industries have strategically been shifting towards higher margin markets which are visible in their financial results wherein their EBIDTA margins have increased from 3.25% in FY20 to over 5.60% in FY22.
Competitive Strengths
Well-established brand
Well-diversified market reach
Production quality and well-established setup
Risk Factors
- The majority of revenue is derived from a single product - which is meat.
- The company is subject to geopolitical risks as the meat industry is sensitive to religion.
- No long-term contractual agreements are in place with their raw material suppliers.
Key Strategies
Here are a few strategies HMA Agro Industries Limited has for its business:
- Diversification of product portfolio
- Diversification into new geographies
- Augment capital base for adequate working capital
Key Financials
And finally here’s a look at key financials of HMA Agro Industries Limited
How to apply for IPO through ASBA
00m 58s
HMA Agro Industries IPO FAQs
The HMA Agro Industries IPO opens for subscription from [-] to [-], with a total issue size of ₹480.00 Cr. The IPO price band is ₹585 to ₹0 per share with a lot size of 25. The company aims to list the shares on BSE & NSE on 04-07-2023.
The HMA Agro Industries IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the HMA Agro Industries IPO is 25 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the HMA Agro Industries IPO has been fixed at ₹585 to ₹0 per equity share.
You can apply for the HMA Agro Industries IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
HMA Agro Industries IPO allotment will take place on [-].
You can check the HMA Agro Industries IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
HMA Agro Industries shares will list on the stock exchanges on 04-07-2023.
The HMA Agro Industries Limited IPO has an issue size of Rs. 480 crore. The IPO opens for subscription on 20th June and ends on 23rd June.
Bigshare Services Private Limited is the registrar for this IPO.
You can read more about HMA Agro Industries Limited and its IPO from the company’s red herring prospectus (RHP) here: HMA Agro Industries Limited RHP.
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