HMA Agro Industries Ltd IPO

HMA Agro Industries deals only in buffalo meat and allied products as it free from religious constraints and has the added advantage of low fat and cholesterol. The meat processed for export is in the form of deboned and deglanded frozen halal buffalo meat.
The raw material is procurement by the company and processed at various processing units. Most of the processing units are owned by the subsidiaries and some by third parties. These processing units process the products on a contractual basis against the fixed charges, incurred by the company.
The firm is currently among the largest exporters of frozen buffalo meat products from India and commands more than 10 percent of India’s total export of frozen buffalo meat. Its products are mainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” in the form of food grade packaging and exported to over 40 countries all over the globe.
In order to take advantage of its robust export business and well-established distribution channels across 40 countries, it recently diversified its product portfolio by adding Frozen Fish Products, Basmati Rice, Poultry and other agri products as business verticals.
The firm currently export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Combodia and other Middle East, CIS, African Countries etc. Approximately 90 percent of its sales are in the form of exports.