HMA Agro Industries, a leading player in the frozen buffalo meat export industry, is set to launch its highly anticipated initial public offering (IPO) on June 20th. With a target of raising ₹480 crore from the primary market, the company aims to fuel its growth and capitalize on the increasing demand for its premium products worldwide.
IPO Details
The HMA Agro Industries IPO, scheduled to conclude on June 23rd, comprises a combination of a fresh issue of shares and an offer for sale (OFS) by the promoters. The price band for the IPO has been fixed at ₹555-585 per share, attracting investors with an interest in the booming frozen buffalo meat market.
The ₹480 crore IPO includes a fresh issue of shares worth ₹150 crore, along with an OFS of ₹330 crore from existing shareholders and promoters. Key individuals such as Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi, Mohammad Ashraf Qureshi, Zulfiqar Ahmad Qurashi, and Parvez Alam are among the prominent names associated with the OFS.
Timeline and Listing
The public issue will initiate anchor bids on June 19th, and the basis of allotment will be determined on June 29th. Refunds are expected to be initiated on June 30th, with equity shares being credited to the demat accounts of the allottees on July 3rd. The eagerly awaited listing of HMA Agro Industries shares is set to take place on July 4th, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Utilization of Funds
The company plans to allocate the proceeds from the fresh issue towards working capital requirements and general corporate purposes. This strategic decision aims to fortify HMA Agro Industries’ market presence, expand production capabilities, and further enhance product quality and packaging.
Key Players and Services
HMA Agro Industries holds a significant position as one of India’s largest exporters of frozen buffalo meat products. Their offerings, packaged under the brand names “Black Gold,” “Kamil,” and “HMA,” enjoy immense popularity in over 40 countries across the globe. Notable destinations include the United Arab Emirates, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, and many others.
Financial Performance
In the financial year ending March 2022, HMA Agro Industries reported a net profit of ₹117.62 crore, showcasing remarkable growth compared to the previous year’s net profit of ₹71.60 crore. Additionally, the company’s revenue surged to ₹3,138.98 crore, a substantial increase from the previous year’s ₹1,720.40 crore. This consistent growth reflects the strong market position and promising future prospects for HMA Agro Industries.
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Lead Manager and Registrar
Aryaman Financial Services Ltd has been appointed as the sole lead manager for the IPO, overseeing the smooth execution of the offering. Furthermore, Bigshare Services Pvt Ltd has been entrusted with the crucial role of being the IPO registrar, ensuring efficient handling of the IPO process.
Conclusion
With its upcoming IPO, HMA Agro Industries aims to capitalize on its leading position in the frozen buffalo meat export market and leverage the growing demand for its premium products. The IPO’s success will provide the company with substantial funds for expansion, allowing it to further strengthen its foothold in the global market while continuing to deliver high-quality products under its renowned brand names. Investors and stakeholders eagerly await the listing of HMA Agro Industries’ shares on July 4th, as it marks an important milestone in the company’s journey towards sustained growth and success.
About HMA Agro Industries:
HMA Agro Industries Limited is a company that specializes in the production and export of food products. They primarily focus on boneless buffalo meat products. HMA Agro Industries caters to customers both within India and internationally.
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