Incorporated in 2008, HMA Agro Industries Limited is a food trade organization for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.
HMA Agro Industries is one of 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. The company’s products are packaged under the brand name “Black Gold”, “Kamil” & “HMA” and are exported to over 40 countries all over the globe.
The company has four fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, and Parbhani and is in the process of setting up a fifth fully integrated owned meat product processing unit in Haryana. The company is also in the process of acquiring an additional plant at Unnao by Q2 of FY 2022-23. These would make the total in-house meat product processing capacities to more than 4,00,000 metric tons p.a. spread over six different owned plants by Q2 of FY 2022-23.
HMA Agro Industries also owns two additional secondary level meat processing units at Jaipur and Manesar.
The facilities are approved for export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Combodia, and other Middle East, CIS, and African Countries, etc. Approximately 90% of the sales of the company are in the form of exports.
HMA GROUP has a total strength of around 25000 employees and works in excess of 10 workplaces and 5 working environments in India.
HMA Agro Industries IPO Details
| IPO Date | Jun 20, 2023 to Jun 23, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹555 to ₹585 per share |
| Lot Size | 25 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹480.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹330.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
HMA Agro Industries IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
HMA Agro Industries IPO Timetable (Tentative)
HMA Agro Industries IPO opens on Jun 20, 2023, and closes on Jun 23, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 20 June 2023 |
| Closing Date | Friday, 23 June 2023 |
| Basis of Allotment | Thursday, 29 June 2023 |
| Initiation of Refunds | Friday, 30 June 2023 |
| Credit of Shares to Demat | Monday, 3 July 2023 |
| Listing Date | Tuesday, 4 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 23, 2023 |
HMA Agro Industries IPO Lot Size
The HMA Agro Industries IPO lot size is 25 shares.
| 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 |
| Lot Size Calculator |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-19 | 549.27 | 2,784.03 | 31.17 | 141.45 | 137.73 | 131.98 |
| 31-Mar-20 | 472.85 | 2,416.61 | 45.90 | 187.05 | 183.32 | 169.13 |
| 31-Mar-21 | 572.04 | 1,720.40 | 71.60 | 258.69 | 254.92 | 181.34 |
| 31-Mar-22 | 856.11 | 3,138.98 | 117.62 | 374.65 | 327.03 | 330.02 |
| Amount in ₹ Crore |
Objects of the Issue
The objects of the net fresh issue is to raise funds for:
- Working capital requirements of the company, and
- General corporate purpose.
HMA Agro Industries IPO Prospectus
Company Contact Information
HMA Agro Industries Limited
18A/5/3,
Tajview Crossing Fatehabad Road,
Agra -282001
Phone: +91 – 7217018161
Email: cs@hmaagro.com
Website: https://www.hmagroup.co/
HMA Agro Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/