The HMA Agro Industries IPO commenced on June 20, 2023, and concluded on June 23, 2023. The allotment of shares took place on June 29, 2023, and the initiation of refunds began on June 30, 2023. The shares were credited to the demat accounts of investors on July 03, 2023. Finally, the listing of HMA Agro on the stock exchange occurred on July 04, 2023.
The HMA Agro IPO was priced at ₹555 to ₹585 per share, with a lot size of 25. The total issue size was ₹480 crores, comprising a fresh issue of 150 crores and an offer for sale of ₹330 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
HMA Agro Industries IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|3 July 2023||₹40||6.84%||–||–|
|2 July 2023||₹40||6.84%||–||–|
|1 July 2023||₹40||6.84%||–||–|
|30 June 2023||₹40||6.84%||–||–|
|29 June 2023||₹10||1.71%||–||–|
|28 June 2023||₹12||2.05%||–||–|
HMA Agro Industries Limited is a well-known Indian company that was established in 2008. They specialize in trading processed food and agricultural products. Their product range includes frozen and fresh buffalo meat, as well as prepared and frozen fruits, vegetables, and cereals.
HMA Agro Industries is a leading exporter of frozen buffalo meat from India, accounting for over 10% of the country’s total exports in this category. They have gained recognition for their quality packaging and distribute their renowned brands, such as “Black Gold,” “Kamil,” and “HMA,” to more than 40 countries worldwide.
To meet the growing demand, the company operates four fully integrated packaged meat processing plants in Aligarh, Mohali, Agra, and Parbhani. They are also in the process of establishing a fifth meat processing unit in Haryana. Additionally, HMA Agro Industries plans to acquire another plant in Unnao by the second quarter of the fiscal year 2022-2023. With these expansions, they will have a total in-house meat processing capacity of over 400,000 metric tons per year, spread across six owned plants by the same period.
In addition to their main facilities, HMA Agro Industries has two supplementary meat processing facilities located in Jaipur and Manesar.
The company’s facilities have received approval for exporting to various countries, including UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Combodia, and other countries in the Middle East, CIS, and Africa. Export sales make up approximately 90% of the company’s total sales.
The HMA GROUP is a significant employer, with around 25,000 employees. They operate in more than 10 offices and have 5 facilities across India.
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