HMA Agro Industries Limited
listed
₹13,875Min. investment
About HMA Agro Industries Limited
Issue size
₹480Cr
IPO type
Mainboard
Price range
₹555 – ₹585
Lot size
25 shares
RHP/DRHP
Read
Price range₹555 – ₹585
IPO type
Regular
Lot size25 shares
Issue size₹480Cr
RHP/DRHP
Read
Checklist
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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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 |
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 ****
- 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.
- 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.
- Low per capita meat consumption, especially in developing countries, provides opportunities for future growth.
- 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
- Company has an export-oriented business. Hence, any adverse price movement in international prices of meat could impact profitability.
- Over 90% of the revenue is derived from buffalo meat exports. Any reduction in demand or production of buffalo meat could impact business revenue.
- 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:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘HMA Agro Industries IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- 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:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your your HMA Agro Industries IPO allotment status will be mentioned
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:
- Click here to visit the demat account opening page on the Upstox website.
- Enter your phone number and other essential details to begin opening a demat account.
- Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.
- 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.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of HMA Agro Industries Limited ?
The issue size of the HMA Agro Industries Limited is 480 Cr.
What is 'pre-apply' for HMA Agro Industries Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will HMA Agro Industries Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts20 Jun 2023
- Bidding ends23 Jun 2023
- Allotment finalisation22 Jun 2023
- Release of funds30 Jun 2023
- Demat transfer29 Jun 2023
- Listing4 Jul 2023