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-- / 25 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

585

Lot Size

25

IPO Size

₹ 480.00 Cr

IPO Listing Details

Listing On

4 Jul'23

Issue Price

--

Listed Price

₹ 625

Retail Gain/Listing Gain

6.84%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

The HMA Group has been in the meat industry for over four decades and is a three-star export house recognised by the Government of India. The company is currently among the largest exporters of frozen buffalo meat products from India, at more than 10% of India’s total export of frozen buffalo meat (Source: Brickworks Analytics Report). Their products are mainly packaged under the brand name “Black Gold,” “Kamil,” and “HMA,” and are exported to over 40 countries worldwide.

In order to take advantage of its robust export business and well-established distribution channels across 40 countries, HMA Agro Industries have recently diversified its product portfolio by adding frozen fish products, basmati rice, and planning to start poultry and other agri products as business verticals.

In the last few years, HMA Agro Industries have strategically been shifting towards higher margin markets which are visible in their financial results wherein their EBIDTA margins have increased from 3.25% in FY20 to over 5.60% in FY22.

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Well-established brand
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Well-diversified market reach
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Production quality and well-established setup
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  • The majority of revenue is derived from a single product - which is meat.
  • The company is subject to geopolitical risks as the meat industry is sensitive to religion.
  • No long-term contractual agreements are in place with their raw material suppliers.

Here are a few strategies HMA Agro Industries Limited has for its business:

  • Diversification of product portfolio
  • Diversification into new geographies
  • Augment capital base for adequate working capital

And finally here’s a look at key financials of HMA Agro Industries Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

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HMA Agro Industries Ltd IPO FAQs

HMA Agro Industries Ltd will list on 2023-07-04.

480.00 is the issue size of HMA Agro Industries Ltd IPO.

The price band of HMA Agro Industries Ltd IPO is ₹585 to ₹0.

The HMA Agro Industries Limited IPO has an issue size of Rs. 480 crore. The IPO opens for subscription on 20th June and ends on 23rd June.

Bigshare Services Private Limited is the registrar for this IPO.

You can read more about HMA Agro Industries Limited and its IPO from the company’s red herring prospectus (RHP) here: HMA Agro Industries Limited RHP.

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