About HMA Agro Industries IPO
Incorporated in 2008, HMA Agro Industries is one of the leading exporters of buffalo meat products. The company exports buffalo meat under the brand name “Black Gold”, “Kamil” and “HMA” to more than 40 countries, accounting for over 10% of India’s total exports of frozen buffalo meat.
Company procures raw materials, processes them through its fully integrated meat processing unit and exports these finished products to over 40 countries using its well-established distribution channels. The company mainly earns its revenue through exports of these products. For 9MFY23, exports represented over 90% of total revenue from operations.
HMA Agro Industries has four meat processing units across India to carry out its business operations. In addition, it plans to set up two more units by Q2 FY24. This would further boost its in-house processing capacities to over 4 lakh metric tons per year by the end of FY24.
Besides frozen meat, the company has recently started exporting frozen fish products, basmati rice to diversify its product offerings and leverage its well-established distribution channels.
HMA Agro Industries is now coming out with its initial public offer (IPO). The IPO will combine a fresh issue and an offer for sale. The money raised through the fresh issue will be utilised to fund working capital requirements and for general corporate purposes.
Here are key details about the HMA Agro Industries IPO:
A quick look at HMA Agro Industries IPO’s strengths, risks and threats
Risks and threats
HMA Agro Industries IPO details
| HMA Agro Industries IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the HMA Agro Industries IPO’s opening date – in other words, the HMA Agro Industries IPO launch date – will be 20th June 2023. The HMA Agro Industries IPO closing date is 23rd June 2023. After this, investors will be updated about the allotment status on 29th June 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 3rd July 2023. The HMA Agro Industries IPO listing date is 4th July 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| HMA Agro Industries IPO Price Band
The entire IPO is a book-built issue. The HMA Agro Industries IPO price band has been set between ₹555 and ₹585 per share. Interested investors can choose a price within this band to apply for the IPO.
The HMA Agro Industries IPO listing price will be determined on 4th July 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| HMA Agro Industrie IPO Lot size
The HMA Agro Industries IPO details have been declared. The HMA Agro Industries IPO lot size is set at 25 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the HMA Agro Industries IPO issue size is approx ₹480 crore.
How to apply for the HMA Agro Industries IPO?
If you are interested in this investment opportunity but unsure how to apply for the HMA Agro Industries IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the HMA Agro Industries IPO on Upstox:
How to check the HMA Agro Industries IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the HMA Agro Industries IPO allotment status:
Open a demat account with Upstox to apply for the HMA Agro Industries IPO
To apply for the HMA Agro Industries IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the HMA Agro Industries IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the HMA Agro Industries IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the HMA Agro Industries IPO means applying for this public issue before it goes live. Click here to pre-apply for the HMA Agro Industries IPO on Upstox.
You can pre-apply for the HMA Agro Industries IPO from 19th June 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the HMA Agro Industries IPO opens for the subscription.
The HMA Agro Industries IPO launch date is 20th June 2023. The HMA Agro Industries IPO will be open for subscription till 23rd June 2023.
The HMA Agro Industries lot size is 25 shares and the minimum investment required is ₹13,875.
The HMA Agro Industries IPO price band is ₹555 – ₹585 per share.
The size of the HMA Agro Industries IPO is approx. ₹480 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 3rd July 2023.
HMA Agro Industries shares will be on NSE and BSE.
HMA Agro Industries shares’ listing date is 4th July 2023.