HMA Agro Industries IPO Date, Price, Review
HMA Agro Industries IPO: Know everything about HMA Agro Industries IPO. HMA Agro Industries Limited IPO Date, HMA Agro Industries IPO Review and analysis. We will discus about HMA Agro Industries IPO Benefits & Risks. Also, all information related to HMA Agro Industries IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
HMA Agro Industries IPO
HMA Group has been in the meat industry, including frozen fresh demanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India. HMA Agro Industries Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 480 crore through IPO (Initial public offering).
HMA Agro Industries IPO will open on 20 June 2023 and close on 23 June 2023. The price band of the HMA Agro Industries IPO is ₹555 to ₹585. HMA Agro Industries IPO size is 480 Crores. The offer includes 150 Crores under fresh issue and 330 Crores under offer for sale. HMA Agro Industries IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. HMA Agro Industries IPO listing date is 04 July 2023. You can know about HMA Agro Industries IPO GMP (Grey Market Premium) below.
The HMA Agro Industries has given good financial performance. The company made a profit of ₹117.62 crores in the financial year 2023 (March 2021). The IPO of HMA Agro Industries will be listed on NSE and BSE. HMA Agro Industries IPO face value is ₹10 per equity share.
We will discuss HMA Agro Industries' financials, benefits, and risks of investing in the company.
About HMA Agro Industries International Ltd
HMA Group has been in the meat industry for over four decades. We are India's 3rd largest exporter (based on annual revenue) of packaged frozen halal boneless buffalo meat products. We are a star export house recognized by the Government of India and our products are mainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” and exported to over 40 countries all over the globe. Our core products are frozen fresh degraded Buffalo Meat.
In order to take advantage of our robust export business and well-established distribution channels across 40 countries, we have recently diversified our product portfolio by adding Frozen Fish Products and Basmati Rice as business verticals. We also want to add poultry and other agro products to our portfolio thereby becoming one of the most well-recognized food products exporters in India.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
HMA Agro Industries IPO Date and Price Band Details
| IPO Open: | 20 June 2023 |
| IPO Close: | 23 June 2023 |
| Listing Date: | 04 July 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹480 crores |
| Fresh Issue: | Approx ₹150 crores |
| Offer For Sale: | Approx ₹330 crores |
| Price Band: | ₹555 to ₹585 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
HMA Agro Industries IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 25 Shares |
| Minimum Amount: | ₹14,625 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 325 Shares |
| Maximum Amount: | ₹190,125 |
HMA Agro Industries IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 20 June 2023 |
| IPO Closing Date: | 23 June 2023 |
| Basis of Allotment: | 29 June 2023 |
| Refund Date: | 30 June 2023 |
| Credit to Demat Account: | 03 July 2023 |
| Listing Date: | 04 July 2023 |
HMA Agro Industries IPO Review
| Happiest Post | Neutral |
| Anand Rathi | Not Rated yet |
| Dilip Davda | May Apply |
| Axis Capital | Not Rated yet |
| HDFC Securities | Not Rated yet |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of HMA Agro Industries IPO on our website.
HMA Agro Industries Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company is working in this field for more than 4 decades.
- The company has a team that is well-educated and experienced.
- The company has many years of experience in this field.
- The company's consumer base has been with them for a long time, and the company has a well-established marketing system.
- The company has a diversified product portfolio.
- HMA Agro Industries Limited has a presence all over the world.
Risks
- The companies operate in an industry that is highly regulated as well as environmentally and religiously sensitive. This can have a bad impact on the company's brand name and the performance of the IPO.
- The promoters/directors of the company, their subsidiaries, and their group companies are involved in certain legal proceedings.
- The company primarily earns a substantial percentage of its revenue from the meat industry, so any drop in demand or production could hurt its bottom line.
- COVID-19 has had a negative impact on the company.
HMA Agro Industries Ltd Financials
HMA Agro Industries Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹549.27 | ₹2784.03 | ₹31.17 |
| 2020 | ₹472.85 | ₹2416.61 | ₹45.90 |
| 2021 | ₹572.04 | ₹1720.40 | ₹71.60 |
| 2022 | ₹856.11 | ₹3138.94 | ₹117.62 |
Promoters
- Wajid Ahmed
- Gulzar Ahmad
- Mohammad Mehmood Qureshi,
- Mohammad Ashraf Qureshi
- Zulfiqar Ahmad Qurashi
Contact Details of HMA Agro Industries
18A/5/3, Tajview Crossing Fatehabad,
Road, Agra -282001, Uttar Pradesh,
India
Telephone: +91 7217018161
E-mail: cs@hmaagro.com
Website:www.hmagroup.co
HMA Agro Industries Lead Managers
- Aryaman Financial Services Limited
HMA Agro Industries IPO Registrars
1st Floor, Bharat Tin Works Building, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Telephone: +91 226263 8200
Email: ipo@bigshareonline.com
Website:www.bigshareonline.com
Conclusion
There are some good and some bad things in the HMA Agro Industries Ltd. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 117.62 crore. The company operates in the meat sector. This company does the business of meat, so many people consider it a negative. If you also think like this then you can avoid this IPO. A full analysis of the company is given on our website, and you decide whether you want to invest in this IPO or not. HMA Agro Industries Limited IPO financial details and other information are given above.
HMA Agro Industries IPO FAQs
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