Equity shares in HMA Agro Industries Limited will be issued via a book built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for HMA Agro Industries Limited is set for the week of June 20 – June 23, 2023.The issue is priced at ₹555 to ₹585 per share. The minimum order quantity is 25 Shares. With a face value of Rs. 10, each of the shares up for sale in the IPO may bring in as much as 480 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About HMA Agro Industries Limited
HMA Agro Industries Limited was founded in 2008 as a food trade organization distributing processed foods and agricultural goods in India. They specialize in the distribution of frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals. More than 10% of India’s total frozen buffalo meat exports come from HMA Agro Industries, making it one of the country’s largest exporters. Products are marketed under the “Black Gold,” “Kamil,” and “HMA” labels, and shipped to over 40 different countries.
Aligarh, Mohali, Agra, and Parbhani are home to four of the company’s fully integrated packaged meat manufacturing units, and Haryana will soon be the site of the fifth. The second quarter of fiscal year 2022-23 is the target date for the acquisition of the Unnao factory. By the second quarter of FY 2022-23, this would bring the total in-house processing capacity for meat products to more than 4,00,000 metric tons p.a. across six separate owned units.
Two further meat processing facilities, one each in Jaipur and Manesar, are owned by HMA Agro Industries. These plants can be sent around the globe to places like the United Arab Emirates, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Cambodia, and the rest of the CIS and Africa. The company’s exports account for almost 90% of its total revenue. HMA GROUP employs over 25,000 people across India at more than a dozen offices and five different locations.
HMA Agro IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 20th June 2023 |
| Issue Closes | 23rd June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 555 to Rs. 585 Per Share |
| Issue Size | Rs 480 crores |
| Minimum Order Quantity | 25 Shares |
| Listing | BSE, NSE |
Purpose of the Issue
Following are some of the ways the company plans on putting the Net Proceeds from the Issue to use:
- Meeting working capital needs.
- Funding general corporate purposes.
HMA Agro Industries Limited — Company Contact Details
- Registered & Corporate Office: 18A/5/3, Taj view Crossing Fatehabad Road, Agra -282001
- Telephone: +91 – 7217018161
- Website: https://www.hmagroup.co/
HMA Agro Industries IPO – Lead Managers of the Issue
Aryaman Financial Services Limited
- Office Address: 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
- Telephone: 91 – 22 – 6216 6999
- Email: info@afsl.co.in
HMA Agro IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
HMA Agro Industries Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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