IPO Details
Bidding Dates
20 Jun '23 - 23 Jun '23
Minimum Investment
₹14,625 / 1 Lots (25 Shares)
Price Range
₹555 - ₹585
Maximum Investment
₹190,125 / 13 Lots (325 Shares)
Retail Discount
Not Applicable
Issue Size
₹480 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor |ARQ IPO Prediction
Listing gain & Over subscription prediction
Over-Subscribed 1.04
Chances of listing gains & oversubscription
low
Updated 10mins ago
DAY 4
IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jun 20, 2023
IPO Closing Date
Jun 23, 2023
Basis of Allotment
Jun 29, 2023
Initiation of Refunds
Jun 30, 2023
Credit of Shares to Demat Account
Jul 3, 2023
IPO Listing Date
Jul 4, 2023
HMA Agro Industries IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Jun 20, 2023 |
0.37 | 0.55 | 0.21 | 0.33 |
Day 2Jun 21, 2023 |
0.37 | 1.20 | 0.39 | 0.56 |
Day 3Jun 22, 2023 |
1.04 | 1.92 | 0.55 | 0.98 |
Day 4Jun 23, 2023 |
1.04 | 2.03 | 0.61 | 1.04 |
HMA Agro Industries IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 1.04 |
| Non-Institutional Buyers | 2.03 |
| Retail Investors | 0.61 |
| Total | 1.04 |
About Company
The company is the flagship organisation of its group. HMA Agro Industries has been associated with the meat industry and recognised by the Government of India. They are one of the largest Indian exporters of buffalo meat, accounting for about 10% of India's total export of frozen buffalo meat. They are exporting their products to over forty countries under Black Gold, Kamil and HMA brand names.
HMA Agro Industries Ltd. IPO Objectives
• HMA Agro will use the net proceeds from the new issue to finance working capital requirements and general corporate purposes.
Why should you invest in the HMA Agro Industries Ltd. IPO?
Here are our top reasons:
- They and their subsidiaries own four fully integrated packaged meat processing plants. A fifth one is coming up in Haryana.
- Unlike beef or pork, buffalo meat is free from religious constraints.
- To become one of the most recognised food product exporters, the company has currently diversified their product range to include frozen fish, basmati rice, poultry, and other agri products.
- They export to over forty countries, including middle-east Asian countries, south-east Asian countries, and African countries, and export constitutes 90% of their sales.
HMA Agro Industries Ltd. IPO Noteworthy Highlights:
- They are a profit-making company with a solid financial track record.
- Theirs is an old and established brand with many years of market experience.
Company Financials
| Particulars | Year ending on 31st December 2022 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|
| Revenue From Operation | 23,704.80 | 3,0831.91 | 17,074.97 |
| EBITDA | 1,652.53 | 1,758.15 | 1,098.15 |
| EBITDA Margin | 6.97 | 5.70 | 6.43 |
| Restated profit for the period/year | 1,132.37 | 1176.21 | 715.97 |
Know before investing
Strengths
3-
They have forged and maintained long-term relationships with customers.
-
They are GOI-recognised, and their brands are registered under the Trademark Act in India.
-
They have been diversifying its product portfolio and exporting basmati rice since June 2022.
Risks
3-
Litigation pending against the company may impact its future business.
-
The company depends on meat exports to generate revenue. Slower demand will impact its profit abilities.
-
Failure to get a licence on time or to meet industry regulations will impact future cash flow.
Over-Subscribed1.04
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Over-Subscribed1.04
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HMA Agro Industries IPO FAQs
HMA Agro Industries Limited will raise Rs 4,800 million through an IPO containing new shares and offer for sale equities for Rs 1500 and Rs 3300 million, respectively.
The HMA Agro Industries Ltd. IPO allotment date is Thursday, 29 June 2023.
The HMA Agro Industries IPO lot size is 25 shares.
HMA Agro Industries Ltd. IPO will be open for subscription on Tuesday, 20 June 2023.
Angel One customers can log in to their accounts to check HMA Agro Industries Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO’s opening and offer prices.
The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks
The minimum size of the application will be one lot.
