HMA Agro Industries Limited IPO : Company Details

HMA Agro Industries Limited IPO is set to launch on 20 June, 2023. The company initiated its business operations in the year 2008. It is a food trade organisation handling frozen natural products, cereals, vegetables etc. The company’s products are sold under the name Kamil, Black Gold and HMA. Its products are exported in more than 40 countries. Its manufacturing units are located at Agra, Aligarh, Parbhani, Mohali. Another plant has been set up in Haryana. Its exports are done in Iraq, UAE, Oman, Saudi Arabia, Jordan, Bahrain, Algeria, Angola, Egypt, Indonesia, Vietnam, Cambodia, Malaysia, Georgia, CIS etc. It has more than 25000 employees.

HMA Agro Industries Limited IPO DETAILS

HMA Agro Industries Limited IPO is set to launch on 20 June, 2023. The subscription timeline extends till 23 June, 2023. The size for the IPO is 480 Crore Rs. Shares issued through fresh issue mode are worth 150 Crore Rs. Shares issued through offer for sale mode are worth 330 Crore Rs. The lot size is 25 shares and the price is 555 to 585 Rs per share. The company is going to get listed on both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of HMA Agro Industries Limited IPO

IPO OPENING DATE	20 June, 2023
CLOSING DATE FOR IPO	23 June, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	555 to 585 Rs per share
LOT SIZE	25 shares
MINIMUM ORDER QUANTITY	25 shares
ISSUE SIZE	480 Crore Rs.
OFFER FOR SALE	330 Crore Rs.
FRESH ISSUE	150 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	4 July, 2023

HMA Agro Industries Limited IPO : IMPORTANT DATES

IPO OPENING DATE	20 June, 2023
CLOSING DATE FOR IPO	23 June, 2023
IPO ALLOTMENT DATE	29 June, 2023
REFUNDS	30 June, 2023
DEMAT A/C CREDITED ON	3 July, 2023
IPO LISTING DATE	4 July, 2023

HMA Agro Industries Limited IPO begins for subscription from 20 June, 2023. The IPO subscription would continue till 23 June, 2023. The allotment status for the shareholders who applied would come on 29 June, 2023. The refunds for the ones who did not get allotment would be initiated on30 June, 2023. The DEMAT accounts of shareholders would be credited on 3 July, 2023. The listing of the company would be accompanied on 4 July, 2023.

HMA Agro Industries Limited IPO : Lead Managers

The lead managers are :

• Aryaman Financial Services Limited

The minimum lot size for the company is decided at 25 shares. This holding accounts to 14625 Rs.. The maximum lot size is decided at 325 shares. This amounts to 190125 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	25 shares	14625 Rs.
Maximum	325 shares	190125Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2019-20	2020-21	2021-22
ASSETS	472	572	856
Revenue	2416	1720	3139
PAT	46	72	117

HMA Agro Industries Limited had an asset base of 472 Crore Rs in the year 2020 which increased to 572 Crore Rs in 2021 and 856 Crore Rs. The revenue of the firm was 2416 Crore Rs in 2020. It decreased to 1720 Crore Rs in 2021 and again increased to 3139 Crore Rs in 2022. The profit of the firm was 46 Crore Rs in 2020. This increased to 72 Crore Rs in 2021. The profit of the firm increased to 117 Crore Rs in the year 2022. 

PROS

• The company’s products are sold under the name Kamil, Black Gold and HMA. Its products are exported in more than 40 countries.
• Its manufacturing units are located at Agra, Aligarh, Parbhani, Mohali. Another plant has been set up in Haryana. Its exports are done in Iraq, UAE, Oman, Saudi Arabia, Jordan, Bahrain, Algeria, Angola, Egypt, Indonesia, Vietnam, Cambodia, Malaysia, Georgia, CIS etc.
• The company has more than 25000 employees.

CONS

• The company works into a very competitive segment.

HMA Agro Industries Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the HMA Agro Industries Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.