HMA Agro Industries IPO - Check Issue Date, Price, GMP, Lot Size & Other details
HMA Agro Industries Limited was founded in 2008. It is an Indian food trade organisation for handled food and agro products such as frozen prepared/frozen natural products, vegetables, and cereals.
The company currently operates 4 fully integrated packaged meat processing plants in the city of Aligarh, Mohali, Agra and Parbhani. It is in the process of establishing a fifth fully integrated-owned meat product processing unit in Haryana.
The company is also in the process of acquiring an additional plant in Unnao by the second quarter of fiscal year 2022-23. By Q2 of FY 2022-23, the total in-house meat product processing capacity would be more than 4,00,000 metric tonnes per year spread across six different owned plants. Also, HMA Agro Industries owns two secondary-level meat processing units in Jaipur and Manesar.
HMA Agro Industries IPO Timetable (Tentative)
The Opening Date of HMA Agro Industries IPO is Tuesday, Jun 20, 2023, while the closing date is Friday, Jun 23, 2023. The Basis of Allotment of HMA Agro IPO will be on Thursday, 29 June 2023, tentatively. The refunds will be initiated on Friday, 30 June 2023, tentatively.
The Credit of Shares to the Demat account will be on Monday, 3 July 2023. The IPO of HMA AGRO will be listed on Tuesday, 4 July 2023.
HMA Agro Industries IPO Details
The Face Value of HMA AGRO Company per share is Rs 10. HMA Agro Industries IPO is a main-board IPO of equity shares aggregating up to Rs 480 Crores. The issue is priced at Rs 555 to R s585 per share. The minimum order quantity is 25 Shares. The IPO of HMA opens on Jun 20, 2023, and closes on Jun 23, 2023. The registrar for this IPO is Bigshare Services Pvt Ltd.
The Qualified institutional buyers (QIB) quota is reserved for about 50% of the offer, the retail investor's quota is 35%, and the non-institutional investors’ quota is 15%.
Objective of the Issue:
The objective of the net fresh issue of HMA Agro Industries IPO is to raise funds for the Working capital requirements of the company, and General corporate purposes.
Primary Strengths
The HMA Agro Industries Limited is ranked amongst India's top three meat exporting companies, having a vast global reach, catering to over 40 countries.
The company s operations are aligned with internationally recognised benchmarks such as Good Manufacturing Practices (GMP), Good Hygienic Practices (GHP), and Hazard Analysis Critical Control Point (HACCP), which are in harmony with the esteemed International Code Alimentarius Standards.
The company has established a food safety management system in accordance with ISO 22000:2005 and HACCP principles.
Threats and concerns
HMA Agro Industries' revenue is heavily dependent on the meat industry. Any decrease in meat product demand or production could have a negative impact on the company's business and operations.
Some of the company's processing units emit harmful pollutants and waste, resulting in plant shutdowns and disruptions that affect their processing plants. Because of the pandemic, the company's inventory management capabilities may be hampered by the temporary closure of specific processing facilities and regulatory restrictions.
Temporary shutdowns at export hubs or key logistics points may impact the company's ability to manage sales and purchases effectively.
HMA Agro Industries acquires raw materials and distributes products through third-party transportation providers. Any failures or delay in delivering materials or products on time and in good condition will have a negative impact on the company's business, financial condition, and operations. Outbreaks of livestock diseases have the potential to severely limit the company's ability to carry out its operations.
Major Counties of Export by HMA Agro Industries
The company majorly export to the United Arab Emirates, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Cambodia and other Middle Eastern, CIS, and African countries. Exports account for approximately 90% of the company's sales. HMA Agro Industries IPO:
Dates: 20th to 23rd Jun 2023
Price Band: 555 to 585
Lot Size: 25 Shares
IPO Size: 480Crs
Date of Allotment: 30th Jun 2023 Listing Date: 4th July 2023 Link for checking Allotment 👇
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