Bookbuilding IPO | ₹480 Cr | Listed at BSE, NSE | Tue, Jun 20, 2023 - Fri, Jun 23, 2023
HMA Agro Industries IPO is a book build issue of ₹480.00 crores. The issue is a combination of fresh issue of 0.26 crore shares aggregating to ₹150.00 crores and offer for sale of 0.56 crore shares aggregating to ₹330.00 crores.
HMA Agro Industries IPO bidding started from Jun 20, 2023 and ended on Jun 23, 2023. The allotment for HMA Agro Industries IPO was finalized on Jun 29, 2023. The shares got listed on BSE, NSE on Jul 4, 2023.
HMA Agro Industries IPO price band is set at ₹585 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹14,625 (25 shares) (based on upper price). The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,04,750, and for bNII, it is 69 lots (1,725 shares), amounting to ₹10,09,125.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to HMA Agro Industries IPO RHP for detailed Information.
IPO Open
Tue, Jun 20, 2023
IPO Close
Fri, Jun 23, 2023
Issue Price
₹585 per share
Market Cap (Pre-IPO)
₹2,929.50 Cr
| IPO Date | 20 to 23 Jun, 2023 |
| Listed on | Tue, Jul 4, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹555 to ₹585 |
| Issue Price | ₹585 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 82,05,127 shares (agg. up to ₹480 Cr) |
| Fresh Issue | 25,64,102 shares (agg. up to ₹150 Cr) |
| Offer for Sale | 56,41,025 shares of ₹10 (agg. up to ₹330 Cr) |
| Share Holding Post Issue | 5,00,76,977 shares |
| BSE Script Code / NSE Symbol | 543929 / HMAAGRO |
| ISIN | INE0ECP01016 |
HMA Agro Industries IPO offers total 82,05,127 shares. Out of which 41,02,562 (50.00%) allocated to QIB, 16,41,025 (20.00%) allocated to QIB (Ex- Anchor), 12,30,770 (15.00%) allocated to NII 28,71,795 (35.00%) allocated to RII and 24,61,537 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 41,02,562 (50.00%) | NA |
| − Anchor Investor Shares Offered | 24,61,537 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 16,41,025 (20.00%) | NA |
| NII (HNI) Shares Offered | 12,30,770 (15.00%) | NA |
| − bNII > ₹10L | 8,20,513 (10.00%) | 2,344 |
| − sNII < ₹10L | 4,10,257 (5.00%) | 1,172 |
| Retail Shares Offered | 28,71,795 (35.00%) | 1,14,871 |
| Total Shares Offered | 82,05,127 (100.00%) |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| 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 |
| S-HNI (Max) | 68 | 1,700 | ₹9,94,500 |
| B-HNI (Min) | 69 | 1,725 | ₹10,09,125 |
HMA Agro Industries IPO raises ₹144.00 crore from anchor investors. HMA Agro Industries IPO Anchor bid date is June 19, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 19, 2023 |
| Shares Offered | 24,61,537 |
| Anchor Portion (₹ Cr.) | 144.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 27, 2023 |
Incorporated in 2008, HMA Agro Industries Limited is a food trade organisation 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.
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 856.11 | 572.04 | 472.85 | 549.27 |
| Total Income | 3,138.98 | 1,720.40 | 2,416.61 | 2,784.03 |
| Profit After Tax | 117.62 | 71.60 | 45.90 | 31.17 |
| NET Worth | 374.65 | 258.69 | 187.05 | 141.45 |
| Reserves and Surplus | 327.03 | 254.92 | 183.32 | 137.73 |
| Total Borrowing | 330.02 | 181.34 | 169.13 | 131.98 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 135.00 |
| 2 | General Corporate Purpose | 10.90 |
| KPI | |
|---|---|
| ROCE | 0.33 |
| Debt/Equity | 0.75 |
| RoNW | 28.78% |
| PAT Margin | 3.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.83 | |
| P/E (x) | 19.4 | |
| Promoter Holding | 100.00% | |
| Market Cap | ₹2,929.50 Cr. |
The HMA Agro Industries IPO is subscribed 1.62 times on June 23, 2023 7:02:00 PM (Day 4). The public issue subscribed 0.96 times in the retail category, 1.74 times in the QIB category, and 2.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.74 | 17,29,729 | 30,15,075 |
| NII | 2.97 | 12,97,298 | 38,57,675 |
| bNII (bids above ₹10L) | 3.82 | 8,64,865 | 33,01,050 |
| sNII (bids below ₹10L) | 1.29 | 4,32,433 | 5,56,625 |
| Retail | 0.96 | 30,27,027 | 29,20,875 |
| Total | 1.62 | 60,54,054 | 97,93,625 |
Total Application : 64,252
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 6.28 |
| 2 | Brokerage and Selling Commission | 1.83 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.50 |
| 4 | Advertisement and Marketing Expenses | 2.79 |
| 5 | Stock Exchange Fees, Regulatory and other Expense | 1.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹585.00 | ₹585.00 |
| Open | ₹615.00 | ₹625.00 |
| Low | ₹570.00 | ₹570.00 |
| High | ₹670.45 | ₹667.00 |
| Last Trade | ₹584.75 | ₹585.65 |
Lead Manager Reports
HMA Agro Industries IPO is a main-board IPO of 82,05,127 equity shares of the face value of ₹10 aggregating up to ₹480 Crores. The issue is priced at ₹585 per share. The minimum order quantity is 25.
The IPO opens on Tue, Jun 20, 2023, and closes on Fri, Jun 23, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HMA Agro Industries IPO using UPI as a payment gateway. Zerodha customers can apply in HMA Agro Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HMA Agro Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HMA Agro Industries IPO opens on Tue, Jun 20, 2023 and closes on Fri, Jun 23, 2023.
HMA Agro Industries IPO lot size is 25, and the minimum amount required for application is ₹14,625.
You can apply in HMA Agro Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for HMA Agro Industries IPO will be done on Thursday, June 29, 2023, and the allotted shares will be credited to your demat account by Mon, Jul 3, 2023. Check the HMA Agro Industries IPO allotment status.
The HMA Agro Industries IPO listing date is on Tue, Jul 4, 2023.
