HMA Agro Industries Limited has been in the meat industry since over four decades. The company is the flagship company of the group and is a three star export house recognized by Government of India.
The company is currently among the largest exporters of frozen buffalo meat products from India and HMA Agro Industries account for more than 10% of India’s total export of frozen buffalo meat. Company’s products are mainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” and exported to over 40 countries all over the globe.
HMA Agro Industries own four fully integrated packaged meat processing plants which are located at Aligarh, Mohali, Agra and Parbhani.
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.
In order to take advantage of the robust export business and well-established distribution channels across 40 countries, The company has recently diversified their product portfolio by adding Frozen Fish Products, Basmati Rice and planning to start Poultry and other agri products as business verticals.
HMA Agro Industries IPO – Details
| IPO Opening Date | 20 June 2023 |
| IPO Closing Date | 23 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 82,05,129 Shares Worth ₹480.00 Crore Fresh Issue: 25,64,103 Shares Worth ₹150.00 Crore Offer For Sale: 56,41,026 Shares Worth ₹330.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹555 – ₹585 |
| Market Lot | 25 Shares |
| Min Order | 25 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Bigshare Services Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
HMA Agro Industries IPO – Date Schedule
| IPO Open Date | 20 June 2023 |
| IPO Close Date | 23 June 2023 |
| Basis of Allotment Date | 29 June 2023 |
| Initiation of Refunds | 30 June 2023 |
| Credit of Shares to Demat Account | 03 July 2023 |
| IPO Listing Date | 04 July 2023 |
HMA Agro Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | 14,625 |
| Retail (Max) | 13 | 325 | 1,90,125 |
| S-HNI (Min) | 14 | 350 | 2,04,750 |
| B-HNI (Min) | 69 | 1725 | 10,09,125 |
Competitive Strengths
- Production Quality and well established Set up.
- Well Experienced Management Team.
- Long standing relations with the customer base and well-established marketing set up.
- One of the well established Brands.
- Well Diversified Market Reach.
Company Promoters
- Wajid Ahmed
- Gulzar Ahmad
- Mohammad MehmoodQureshi
- Mohammad Ashraf Qureshi
- Zulfiqar Ahmad Qurashi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 2416.61 | 2354.39 | 45.89 |
| 31 March 2021 | 1720.39 | 1622.94 | 71.59 |
| 31 March 2022 | 3138.97 | 2980.39 | 117.62 |
| 31 December 2022 | 2417.82 | 2266.63 | 113.23 |
Object Of The Issue
- Funding working capital requirements of the Company.
- General corporate purposes.
HMA Agro Industries IPO Strengths
- Production Quality and well-established Set up.
- Well educated and experienced team.
- Long standing relations with their customer base and well-established marketing set up.
- Well established brand.
HMA Agro Industries IPO Risks
- It derives a significant portion of the revenue from meat business and any reduction in demand or in the production of such products could have an adverse effect.
- Promoter/Director, HMA Agro Industries Subsidiaries and HMA Agro Industries Group Companies are parties to certain legal proceedings.
- Failure to obtain, retain and renew certain approvals and licenses in the ordinary course of business in timely manner or comply with such rules and regulations or at all may have an adverse effect.
- It operates in a highly regulated and environmental and religiously sensitive business.
- Inability to maintain quality standards is subject to performance.
HMA Agro Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 83.61% |
HMA Agro Industries IPO Prospectus
- HMA Agro Industries IPO DRHP
- HMA Agro Industries IPO RHP
- Anchor Investors in HMA Agro Industries IPO
Company Contact Information
| 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.co |
HMA Agro Industries IPO Registrar
| Bigshare Services Private Limited Phone: +91–22–6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
HMA Agro Industries IPO Lead Manager(s)
| 1. Aryaman Financial Services Limited |
HMA Agro Industries IPO FAQs
| What is HMA Agro Industries IPO? HMA Agro Industries IPO is a main-board IPO. The issue is priced at ₹555 to ₹585 per equity share. The IPO is to be listed on BSE & NSE. |
| When HMA Agro Industries IPO will open? The IPO is to open on 20 June 2023 for QIB, NII, and Retail Investors. |
| What is HMA Agro Industries IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the HMA Agro Industries IPO? You can apply HMA Agro Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the HMA Agro Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “HMA Agro Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the HMA Agro Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “HMA Agro Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the HMA Agro Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “HMA Agro Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the HMA Agro Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “HMA Agro Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is HMA Agro Industries IPO Size? HMA Agro Industries IPO size is ₹480.00 Cr. |
| What is HMA Agro Industries IPO Price Band? HMA Agro Industries IPO Price Band is ₹555 to ₹585. |
| What is HMA Agro Industries IPO Minimum and Maximum Lot Size? The minimum bid is 25 Shares with ₹14,625 amount while the maximum bid is 325 shares with ₹1,90,125. |
| What is the HMA Agro Industries IPO Allotment Date? HMA Agro Industries IPO allotment date is 29 June 2023. |
| What is the HMA Agro Industries IPO Listing Date? HMA Agro Industries IPO listing date is 04 July 2023. The IPO is to list on BSE and NSE. |
