HMA Agro Industries  Logo

HMA Agro Industries Limited

HMA

555-585

per share
Bidding Dates
20-23 Jun
Min. Investment
₹13,875.00
Lot Size
25 shares
Issue Size
₹480 Cr
IPO Timeline
Bidding starts
20 Jun ‘23
Bidding ends
23 Jun ‘23
Allotment finalisation*
29 Jun ‘23
Refund initiation*
30 Jun ‘23
Demat transfer
03 Jul ‘23
Listing
04 Jul ‘23
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

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:

Company Name HMA Agro Industries   Company Type Private
Company Established On 2008   HMA Agro Industries IPO Opening Date 20th June 2023 
HMA Agro Industries IPO Closing Date 23rd June 2023    HMA Agro Industries IPO Allotment Status 29th June 2023 
Credit of Shares to the Demat Account 3rd July 2023   HMA Agro Industries IPO Listing Date 4th July 2023
HMA Agro Industries IPO Face Value 10   HMA Agro Industries IPO Lot Size 25
HMA Agro Industries IPO Issue Size 480   HMA Agro Industries IPO to be Listed on BSE, NSE
HMA Agro Industries IPO Price band  ₹ 555-585      

Financial snapshot

Particulars FY 20 FY 21 FY 22 FY 23
Revenue 2,372 crore 1,707 crore 3,083 crore 2,370 crore
Net Profit ₹ 45.8 crore ₹ 71.5 crore ₹ 117 crore ₹ 113 crore

 

A quick look at HMA Agro Industries IPO’s strengths, risks and threats

Strengths  

  1. Between FY20 to FY22, the company's revenue increased from 2,372 to 3,083 crore, a CAGR growth of over 9%. Meanwhile, its net profit grew at a CAGR of 36.5% to 117 crore during the same period.
  2. HMA Agro Industries has been operating in the meat industry for over four decades, with a robust export business and well-established distribution channels in over 40 countries.  
  3. Low per capita meat consumption, especially in developing countries, provides opportunities for future growth. 
  4. Company’s products have strong brand recall value from end consumers. Hence, using its existing distribution channels, HMA Agro diversifies its product portfolio by adding frozen fish and basmati rice. 

Risks and threats

  1. Company has an export-oriented business. Hence, any adverse price movement in international prices of meat could impact profitability.  
  2. Over 90% of the revenue is derived from buffalo meat exports. Any reduction in demand or production of buffalo meat could impact business revenue. 
  3. Operates in a highly regulated and environmentally sensitive business. Failure to comply with laws can lead to plant shutdowns and disruption in business activity.

 

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: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘HMA Agro Industries IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

 

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:

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your your HMA Agro Industries IPO allotment status will be mentioned

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:

  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number. 

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. 

 

IPO analysis

Registrar information
Name
Bigshare Services Pvt
Phone number
91-22-6263 8200
Email ID
ipo@bigshareonline.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the HMA Agro Industries IPO?

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.  

When does pre-apply for the HMA Agro Industries IPO open and how can you pay for it?

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.

How to apply for HMA Agro Industries IPO? Or How to invest in the HMA Agro Industries IPO?

You can apply on Upstox’s website and app, once the HMA Agro Industries IPO opens for the subscription. 

When does the HMA Agro Industries IPO open and close 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.

What’s the lot size and minimum investment needed for the HMA Agro Industries IPO?

The HMA Agro Industries lot size is 25 shares and the minimum investment required is ₹13,875.

What is the price band for the HMA Agro Industries IPO?

The HMA Agro Industries IPO price band is ₹555 – ₹585 per share.

What’s the size of the HMA Agro Industries IPO?

The size of the HMA Agro Industries IPO is approx. ₹480 crore.

How many bids can I place for the HMA Agro Industries IPO?

You can place up to three bids for an application. 

Can these bids be placed at different times during the IPO subscription period?

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. 

When will HMA Agro Industries shares be credited to your demat account?

If shares are allotted, then they will be credited to your demat account on 3rd July 2023.

Which exchanges will HMA Agro Industries shares list on?

HMA Agro Industries shares will be on NSE and BSE.

When will HMA Agro Industries shares list on the exchanges?

HMA Agro Industries shares’ listing date is 4th July 2023.

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