HMA Agro Industries IPO

HMA Agro Industries IPO will open for subscription from 20 June 2023. the company aims for an issue size of ₹480 Cr through this IPO.

Company Overview

Full nameHMA Agro Industries Limited
SectorFast-Moving Consumer Goods
IndustryConsumer Food
Company Website

About Company

HMA Agro Industries is among 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. Its products are mainly packaged under the brand name ‘Black Gold’, ‘Kamil’ & ‘HMA’ and are exported to over 40 countries all over the globe. The company’s four fully integrated packaged meat processing plants are located at Aligarh, Mohali, Agra, and Parbhani. HMA Agro is in the process of setting up its fifth processing unit in Haryana. These facilities would expand the company’s total in-house meat product processing capacity to over 4,00,000 metric tons p.a. by Q2 of FY 2023.

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

The Objective of the Issue

  • Working capital requirements of the company, and
  • General corporate purpose.

Major Competitive strengths

  • One of the largest exporters of frozen buffalo meat products from India.
  • Accounts for more than 10% of India’s total export of frozen buffalo meat.
  • Products are exported to over 40 countries all over the globe.

HMA Agro Industries IPO Timetable

IPO Opening date20 June 2023
IPO Closing23 June 2023
Basis of Allotment29 June 2023
Initiation Refund30 June 2023
Credit to Demat Account03 July 2023
Listing Date04 July 2023

HMA Agro Industries IPO details

Issue typeBook Built Issue IPO
IPO issue size₹480 Cr
Fresh Issue₹150.00 Cr
Offer for sale₹330 Cr
Face value₹10 per share
Price Band₹555 to ₹585 per share
Lot size25 Shares
Retail Allocation35%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)125₹14,625
Retail (Max)13325₹190,125
S-HNI (Min)14350₹204,750
S-HNI (Max)681,700₹994,500
B-HNI (Min)691,725₹1,009,125

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income45.9071.60117.62113.24
Margin (%)1.934.193.814.78
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio22.76 – 23.99
RONW (%)24.5427.6830.93
ROCE (%)36.5839.1642.15
EBITDA (%)3.316.475.70

Company Promoters

  • Wajid Ahmed
  • Gulzar Ahmad
  • Mohammad Mehmood Qureshi
  • Mohammad Ashraf Qureshi
  • Zulfiqar Ahmad Qurashi

Promoter Holding

Pre Issue Share Holding
Post Issue Share Holding

Lead Manager(s)

60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999

IPO Registrar

1st Floor, Bharat Tin Works Building,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Phone: +91 22 6263 8200

Contact Details

18A/5/3, Tajview Crossing Fatehabad Road,
Agra -282001, Uttar Pradesh, India
Phone: +91 – 7217018161

Allotment Status

HMA Agro IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

HMA Agro Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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