IPO

HMA Agro Industries Limited IPO

Mainboard

Meat Products including Poultry

Listed On: Jul 4, 2023 at ₹ 625.0(NSE)

₹ 14625 /25 Shares

Check Allotment

20 Jun, 2023

Open Date

23 Jun, 2023

Close Date

29 Jun, 2023

Allotment Date

04 Jul, 2023

Listing Date
Price Summary

Last Closing

29.49 (-94.96%)

52 Week High

41.69

52 Week Low

27.60

Last Update

19-Dec-2025 3:30 PM
HMA Agro Industries Limited IPO Issue Details
  • Issue Price ₹555-585 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Approx 480 Cr
  • Listing at BSE, NSE
  • List Price 625.0(NSE)
  • Listing Date 2023-07-04
  • Lead Manager Aryaman Financial Services Limited
  • Registrar Bigshare Services Pvt Ltd
HMA Agro Industries Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications : 1,14,870 Approx),
    (Number of sHNI Applications : 1,170 Approx),
    (Number of bHNI Applications : 2,340 Approx)
HMA Agro Industries Limited IPO Documents
HMA Agro Industries Limited IPO Details


The IPO of HMA Agro Industries Limited is priced at ₹555-585 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jun 20, 2023 and ends on Jun 23, 2023. The allotment for HMA Agro Industries Limited IPO will be finalized on Jun 29, 2023. HMA Agro Industries Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 4, 2023. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Aryaman Financial Services Limited.


The HMA Agro Industries Limited IPO sets its price band at 555-585 for each share. A single application for HMA Agro Industries Limited IPO must contain at least 25 shares.

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HMA Agro Industries Limited IPO Subscription Analysis And Details
Retail
0.96x
QIB
1.74x
NII
2.97x
bNII
3.82x
sNII
1.29x
Total
1.62x
As on QIB NII
bNII   sNII
Retail Total
Shares Offered / Reserved 1,729,729 1,297,298
864,865    432,433
3,027,027 6,054,054
Day 1 20-06-23 05:00 PM
0.37 x 0.55
0.78 x   0.07 x
0.20 x 0.32 x
Day 2 21-06-23 05:00 PM
0.37 x 1.20
1.70 x   0.18 x
0.38 x 0.55 x
Day 3 22-06-23 05:00 PM
1.04 x 1.92
2.72 x   0.33 x
0.54 x 0.98 x
Day 4 23-06-23 05:00 PM
1.74 x 2.97
3.82 x   1.29 x
0.96 x 1.62 x

Total No of Applications
64,252
HMA Agro Industries Limited Valuations
Earnings Per Share (EPS) ₹23.49/-
P/E Ratio 24.91
RoNW 30.93%
Net Asset Value (NAV) - As on 31.12.22 ₹95.33
HMA Agro Industries Limited Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 572.03 472.85 549.27
Revenue 1,720.40 2,416.61 2,784.03
Profit After Tax 72.61 45.90 31.17
About HMA Agro Industries Limited Company

HMA Agro Industries Limited is a food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.

HMA Agro Industries is one of the largest exporters of frozen buffalo meat products from India and accounts for more than 10% of India's total export of frozen buffalo meat. The company's products are packaged under the brand name Black Gold, Kamil & HMA and are exported to over 40 countries all over the globe.

The company has four fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, and Parbhani and is in the process of setting up a fifth fully integrated owned meat product processing unit in Haryana. The company is also in the process of acquiring an additional plant at Unnao by Q2 of FY 2022-23. These would make the total in-house meat product processing capacities to more than 4,00,000 metric tons p.a. spread over six different owned plants by Q2 of FY 2022-23.

HMA Agro Industries also owns two additional secondary level meat processing units at Jaipur and Manesar.

The facilities are approved for export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Combodia, and other Middle East, CIS, and African Countries, etc. Approximately 90% of the sales of the company are in the form of exports.

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HMA Agro Industries Limited - Promoter(s)

WAJID AHMED

GULZAR AHMAD

MOHAMMAD MEHMOOD QURESHI

MOHAMMAD ASHRAF QURESHI

ZULFIQAR AHMAD QURASHI

Pre Issue Share Holding : 100%

Post Issue Share Holding : 83.61%

HMA Agro Industries Limited IPO - Issue Objectives
1

Working capital requirements of the company

2

General corporate purpose

HMA Agro Industries Limited IPO - Anchor Investors

HMA Agro Industries raises Rs 144 crore via anchor book ahead of IPO.

Investors, who participated in the anchor book, included Craft Emerging Market Fund PCC, Minerva Ventures Fund, Forbes EMF, Coeus Capital Opportunities Fund, Radiant Global Fund and Absolute Returns Scheme.

Craft Emerging Market Fund PCC is the biggest investor among them, investing Rs 70 crore in HMA Agro via Citadel Capital Fund, and Elite Capital Fund.