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 name | HMA Agro Industries Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | http://www.hmagroup.co/ |
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 date | 20 June 2023 |
| IPO Closing | 23 June 2023 |
| Basis of Allotment | 29 June 2023 |
| Initiation Refund | 30 June 2023 |
| Credit to Demat Account | 03 July 2023 |
| Listing Date | 04 July 2023 |
HMA Agro Industries IPO details
| Issue type | Book 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 size | 25 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| 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 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 2,372.79 | 1,707.50 | 3,083.19 | 2,370.48 |
| Expenses | 2,354.40 | 1,622.95 | 2,980.39 | 2,266.63 |
| Net income | 45.90 | 71.60 | 117.62 | 113.24 |
| Margin (%) | 1.93 | 4.19 | 3.81 | 4.78 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 9.66 | 15.07 | 24.39 |
| PE ratio | – | – | 22.76 – 23.99 |
| RONW (%) | 24.54 | 27.68 | 30.93 |
| NAV | 39.37 | 54.45 | 78.85 |
| ROCE (%) | 36.58 | 39.16 | 42.15 |
| EBITDA (%) | 3.31 | 6.47 | 5.70 |
| Debt/Equity | 0.90 | 0.70 | 0.88 |
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)
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
HMA AGRO INDUSTRIES LIMITED
18A/5/3, Tajview Crossing Fatehabad Road,
Agra -282001, Uttar Pradesh, India
Phone: +91 – 7217018161
Email: cs@hmaagro.com
Website: www.hmagroup.com
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
