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


Updated 10mins ago


View Subscriptions View All

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


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


  1. They have forged and maintained long-term relationships with customers.

  2. They are GOI-recognised, and their brands are registered under the Trademark Act in India.

  3. They have been diversifying its product portfolio and exporting basmati rice since June 2022.


  1. Litigation pending against the company may impact its future business.

  2. The company depends on meat exports to generate revenue. Slower demand will impact its profit abilities.

  3. Failure to get a licence on time or to meet industry regulations will impact future cash flow.

  • How to Apply in IPO
  • How to Check IPO Allotment Status


Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process


Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

HMA Agro Industries IPO FAQs

What is HMA Agro Industries Ltd. IPO?

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.

When will HMA Agro Industries Ltd. IPO allotment be available?

The HMA Agro Industries Ltd. IPO allotment date is Thursday, 29 June 2023.

What will be HMA Agro Industries Ltd. IPO lot size?

The HMA Agro Industries IPO lot size is 25 shares.

When will HMA Agro Industries Ltd. IPO open for subscription?

HMA Agro Industries Ltd. IPO will be open for subscription on Tuesday, 20 June 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will HMA Agro Industries Ltd. list on exchanges?

It takes around ten business days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of HMA Agro Industries Ltd. IPO?

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.

What would be the listing gains on HMA Agro Industries Ltd. IPO?

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

I have finished the application process for HMA Agro Industries Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for the HMA Agro Industries Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of HMA Agro Industries Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for HMA Agro Industries Ltd. IPO?

The minimum size of the application will be one lot.