HMA Agro IPO Details ( HMA Agro Industries IPO Review )
(20 Jun 2023 – 23 Jun 2023)
HMA Agro Industries Limited was established in 2008 as a prominent food trading company specializing in processed food and agricultural products in India. Their product range includes frozen and fresh deglanded buffalo meat, as well as prepared and frozen fruits, vegetables, and cereals.
HMA Agro Industries holds a prominent position as a leading exporter of frozen buffalo meat products from India, contributing to over 10% of the country’s total export in this category. The company’s renowned brands, namely “Black Gold,” “Kamil,” and “HMA,” ensure quality packaging and are distributed across more than 40 countries worldwide.
The company operates four fully integrated packaged meat processing plants in Aligarh, Mohali, Agra, and Parbhani. Furthermore, it is currently establishing a fifth owned meat product processing unit in Haryana. Additionally, the company plans to acquire an additional plant in Unnao by the second quarter of the fiscal year 2022-23. These expansions will result in a total in-house meat product processing capacity of over 400,000 metric tons per year, spread across six different owned plants by the second quarter of the fiscal year 2022-23.
HMA Agro Industries possesses 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 account for approximately 90% of the company’s total sales.
The HMA GROUP employs approximately 25,000 individuals and operates in over 10 offices and 5 facilities across India.
HMA Agro Industries Limited Company Product
- Black Gold: Packaged Frozen Meat Products
- KAMIL: Frozen Buffalo Meat
- HMA: Frozen Buffalo Meat
HMA Agro Industries Limited IPO Competitive Strength
- Production Quality and well established Set up
- Well educated and experienced team
- Long standing relations with our customer base and well-established marketing set up
- Well established brand
- Global Presence
HMA Agro Industries IPO Financials Performance ( Results )
HMA Agro Industries Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-19 | 549.27 | 2,784.03 | 31.17 | 6.56 | 141.45 | 137.73 | 131.98 |
| 31-Mar-20 | 472.85 | 2,416.61 | 45.90 | 9.66 | 187.05 | 183.32 | 169.13 |
| 31-Mar-21 | 572.04 | 1,720.40 | 71.60 | 15.28 | 258.69 | 254.92 | 181.34 |
| 31-Mar-22 | 856.11 | 3,138.98 | 117.62 | 24.39 | 374.65 | 327.03 | 330.02 |
Objective of IPO Issue
- Working capital requirements of the company
- General corporate purpose
HMA Agro Industries IPO Basic Details
| IPO Date | Jun 20, 2023 to Jun 23, 2023 |
| Listing Date | Tuesday, July 4, 2023 |
| Face Value | ₹10 per share |
| Price | ₹555 to ₹585 per share |
| Lot Size | 25 Shares |
| Issue Size | [.] shares (aggregating up to ₹480.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | [.] shares (aggregating up to ₹330.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi, Mohammad Ashraf Qureshi And Zulfiqar Ahmad Qurashi |
HMA Agro Industries IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
HMA Agro Industries IPO Timetable
HMA Agro Industries IPO will open on June 20, 2023 and close on June 23, 2023. You can join HMA Agro Industries IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 20 June 2023 (Tuesday) |
| Closing Date | 23 June 2023 (Friday) |
| Basis of Allotment | 29 June 2023 (Thursday) |
| Initiation of Refunds | 30 June 2023 (Friday) |
| Credit of Shares to Demat | 3 July 2023 (Monday) |
| Listing Date | 4 July 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on Jun 23, 2023 |
HMA Agro IPO Lot Size
For retail investors in HMA Agro IPO, 25 shares will come in 1 lot or the minimum investment will be ₹14,625. Retail-individual investors can apply for up to 1 lot or the maximum investment will be ₹190,125.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹190,125 |
| S-HNI (Min) | 14 | 350 | ₹204,750 |
| S-HNI (Max) | 68 | 1,700 | ₹994,500 |
| B-HNI (Min) | 69 | 1,725 | ₹1,009,125 |
HMA Agro Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
HMA Agro Industries IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹24.39 per Equity Share |
| Price/Earning P/E Ratio | 19.4 |
| Return on Net Worth (RoNW) | 28.78% |
| Net Asset Value (NAV) | ₹78.85 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
HMA Agro Industries Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 2929.5 |
| P/E (x) | 19.4 |
| ROE (%) | 37.14 |
| ROCE (%) | 42.36 |
| Debt/Equity | 1.77 |
HMA Agro Industries Ltd Peer Comparison
There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
HMA Agro Industries IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 3 July 2023 | ₹40 | – | – |
| 2 July 2023 | ₹40 | – | – |
| 1 July 2023 | ₹40 | – | – |
| 30 June 2023 | ₹12 | – | – |
| 29 June 2023 | ₹10 | – | – |
| 28 June 2023 | ₹12 | – | – |
| 27 June 2023 | ₹11 | – | – |
| 26 June 2023 | ₹10 | – | – |
| 25 June 2023 | ₹13 | – | – |
| 24 June 2023 | ₹15 | – | – |
| 23 June 2023 | ₹15 | – | – |
| 22 June 2023 | ₹23 | – | – |
| 21 June 2023 | ₹25 | – | – |
| 20 June 2023 | ₹23 | – | – |
| 19 June 2023 | ₹28 | – | – |
| 18 June 2023 | ₹25 | – | – |
| 17 June 2023 | ₹22 | – | – |
| 16 June 2023 | ₹20 | – | – |
| 15 June 2023 | ₹8 | – | – |
| 14 June 2023 | ₹0 | – | – |
| 13 June 2023 | ₹0 | – | – |
| 12 June 2023 | ₹0 | – | – |
| 11 June 2023 | ₹0 | – | – |
| 10 June 2023 | ₹0 | – | – |
HMA Agro Industries IPO Detail Video:
HMA Agro Industries IPO Subscription Status (Bidding Detail)
The HMA Agro Industries IPO on June 23, 2023 at 7:29:00 PM was subscribed 1.62 times, with the retail category being subscribed 0.96 times, the NII (Non-Institutional Investor) category being subscribed 2.97 times and the QIB (Qualified-Institutional Buyers) category being subscribed 1.74 times.
| Category | Subscription |
| QIB | 1.74x |
| NII | 2.97x |
| Retail | 0.96x |
| Total | 1.62x |
HMA Agro Industries IPO Prospectus
HMA Agro Industries IPO Rating
| Our Rating | 2.5/5.0 |
HMA Agro Industries Company Contact Information
HMA Agro Industries Limited
Registered Office: 18A/5/3, Tajview Crossing Fatehabad Road,
Agra -282001, Uttar Pradesh, India
Tel No.: +91 – 7217018161
Email: cs@hmaagro.com
Website: www.hmagroup.co
Contact Person: Nikhil Sundrani, Company Secretary and Compliance Officer
Our Promoters: Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi,
Mohammad Ashraf Qureshi And Zulfiqar Ahmad Qurashi
HMA Agro Industries IPO Registrar
Bigshare Services Private Limited
Registered Office: 1st Floor, Bharat Tin Works Building, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel: +91 – 22 – 6263 8200;
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Babu Raphael
SEBI Registration No.: INR000001385
HMA Agro Industries IPO Lead Manager
Aryaman Financial Services Limited
Registered Office: 60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Investor Grievance Email: feedback@afsl.co.in
Contact Person: Deepak Biyani/ Vatsal Ganatra
SEBI Registration No.: INM000011344
HMA Agro Industries IPO FAQs
What is the lot size of HMA Agro Industries IPO?
The total size of HMA Agro Industries IPO is ₹480 crores out of which ₹150 crores is fresh issue and ₹330 crores is offer for sale (OFS).
When will HMA Agro Industries IPO start?
HMA Agro Industries IPO will Open from 20 June 2023 and IPO will Close on 23 June 2023.
What is the open date of HMA Agro Industries IPO?
HMA Agro Industries IPO will open date from 20 June 2023.
What is the last date ( close date ) of HMA Agro Industries IPO?
HMA Agro Industries IPO will close from 23 June 2023.
What is the price band of HMA Agro Industries IPO?
HMA Agro Industries IPO price band is ₹555 to ₹585. ( Upper Price Band: ₹585, Lower Price Band: ₹555 )
What is the minimum amount required to apply for HMA Agro Industries IPO?
The minimum investment for retailers to apply for HMA Agro Industries IPO is ₹14,625 and the maximum investment is ₹190,125.
What is going on gray market premium of HMA Agro Industries IPO?
View gray market premium of HMA Agro Industries IPO by Clicking Here
How much is the GMP of HMA Agro Industries IPO?
Watch HMA Agro Industries IPO GMP Today: Click Here
What is the allotment date of HMA Agro Industries IPO?
The allotment date of HMA Agro Industries IPO is 29 June 2023.
How to check allotment status in HMA Agro Industries IPO?
To check the allotment status of HMA Agro Industries IPO, first of all go to the registrar website by clicking here, select your bad HMA Agro Industries IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of HMA Agro Industries IPO?
The Listing Date of HMA Agro Industries IPO is 04 July 2023.
How much will be the listing gain in HMA Agro Industries IPO?
View listing gain of HMA Agro Industries IPO by Clicking Here
How much time HMA Agro Industries IPO is subscribed?
Total 1.62 times subscribed in HMA Agro Industries IPO out of which 0.96 times subscription was done in retail quota, 2.97 times subscription in NII quota and 1.74 times subscription in QIB quota.
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