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HMA Agro IPO

HMA Agro Industries IPO

HMA Agro Industries is coming up with an IPO worth Rs. 480 crores which will comprise fresh issue of equity shares worth Rs.150 crore and an OFS of eq...

  • Status: Closed
  • RHP:
  • ₹ 13,875 / 25 shares

    Minimum Investment

IPO Details

  • Open Date

    20 Jun 2023

  • Close Date

    23 Jun 2023

  • IPO Price Range

    ₹ 555 to ₹ 585

  • IPO Size

    ₹ 480 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    04 Jul 2023

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IPO Timeline

HMA Agro Industries IPO Subscription Status

Last Updated: 24 June 2023 12:26 AM by rahul_raskar

HMA Agro Industries is a food trade organization for handled food and agro products its IPO opens on 20th June and closes on 23rd June.

The issue consists of a fresh issue aggregating up to ₹150 Crores. The price band for the issue is fixed at Rs.555 to Rs. 585 per share. The lot size is set for 25 shares per lot. The shares will be allotted on the 29th of June and the issue will be listed on the 4th July on the stock exchanges.

The book-running lead manager to the offer is Aryaman Financial Services Limited

Objectives of HMA Agro Industries IPO

The objects of the net fresh issue is to raise funds for:
1.    Working capital requirements of the company, and
2.    General corporate purpose.

HMA Agro Industries IPO Video:

HMA Agro Industries Limited is a food trade organization 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 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.

For More Information:

Webstory on HMA Agro Industries IPO
HMA Agro Industries IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 30,831.91 17,074.97 23,727.89
EBITDA 1,758.15 1,098.15 786.25
PAT 1,176.21 715.97 458.98
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 8,561.08 5,720.35 4,728.52
Share Capital 475.13 37.27 37.27
Total Borrowings 3300.17 1813.34 1,691.77
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities (319.62) 749.72 201.84
Net cash from / (used in) investing activities (1,435.19) (701.33) (192.05)
Net cash flow from / (used in) financing activities 1,423.24 83.33 308.51
Net increase (decrease) in cash and cash equivalents (331.57) 131.72 318.30


Peer Comparison

There are no listed companies in India that engage in a business similar to that of this company


Strengths

1. Production Quality and well-established Set up
2. Well Experienced Management Team
3. Long-standing relations with our customer base and well-established marketing set up
4. Well diversified Market Reach

Risks

1. Promoter/Director, Subsidiaries, and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business
2. A significant portion of revenue from the meat business and any reduction in demand or in the production of such products could have an adverse effect on the business
3. The company does not have long-term agreements with suppliers for its raw materials which may lead to an increase in the cost of, or a shortfall in the availability of livestock raw materials. 

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FAQs

the minimum lot size for the HMA Agro Industries IPO is 25 shares.

The price band of HMA Agro Industries IPO is Rs.555 to Rs. 585 per share.

HMA Agro Industries IPO opens on June 20, 2023 and closes on June 23, 2023.

HMA Agro Industries IPO comprises of a total issue aggregating up to ₹480 Cr.

The allotment date of HMA Agro Industries IPO is 29th June 2023.

The listing date of HMA Agro Industries IPO is 4th July 2023.

Aryaman Financial Services Limited is the book runner of HMA Agro Industries IPO.

The objects of the net fresh HMA Agro Industries IPO is to raise funds for:
1.    Working capital requirements of the company, and
2.    General corporate purpose.

To apply for the HMA Agro Industries IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and price at which you wish to apply for     
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange    
●    You will receive a mandate notification to block funds in your UPI app