HMA Agro IPO GMP, Price, Date, Allotment

Introduction

HMA Agro Industries, a prominent player in the frozen buffalo meat export industry in India, is gearing up for its initial public offering (IPO). As one of the largest exporters of frozen buffalo meat products, HMA Agro Industries holds a significant market share, accounting for over 10% of India’s total export in this category. The company’s products, packaged under renowned brand names like ‘Black Gold,’ ‘Kamil,’ and ‘HMA,’ are distributed to more than 40 countries worldwide. With a strong presence in the global market, HMA Agro Industries has established four state-of-the-art packaged meat processing plants and is in the process of setting up a fifth unit, which will significantly enhance its overall processing capacity by the second quarter of FY 2023.

HMA Agro IPO GMP – ____/ 

HMA Agro IPO Details

The IPO of HMA Agro Industries is scheduled to take place from 20th to 23rd June 2023. The price range for the IPO shares is set at INR 555 to 585 per share. The IPO comprises a fresh issue of shares worth INR 150 crore and an offer for sale of shares totaling INR 330 crore. The total size of the IPO is estimated at INR 480 crore. The minimum bid, or lot size, for the IPO is 25 shares, equivalent to INR 14,625. The face value of each share is INR 10. The retail allocation for the IPO stands at 35%. Upon listing, the shares of HMA Agro Industries will be traded on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Financial Performance of HMA Agro Industries

In terms of financial performance, HMA Agro Industries has showcased consistent growth over the years. Here are the revenue and income figures for the company:

Figures in INR crore unless specified otherwise

• FY 2020: Revenue – INR 2,372.79 crore, Expenses – INR 2,354.40 crore, Net income – INR 45.90 crore, Margin – 1.93%
• FY 2021: Revenue – INR 1,707.50 crore, Expenses – INR 1,622.95 crore, Net income – INR 71.60 crore, Margin – 4.19%
• FY 2022: Revenue – INR 3,083.19 crore, Expenses – INR 2,980.39 crore, Net income – INR 117.62 crore, Margin – 3.81%
• 9M FY 2023: Revenue – INR 2,370.48 crore, Expenses – INR 2,266.63 crore, Net income – INR 113.24 crore, Margin – 4.78%

These figures demonstrate a consistent upward trajectory in HMA Agro Industries’ financial performance.

HMA Agro Offer News

To provide investors with comprehensive information about the IPO, HMA Agro Industries has released its RHP (Red Herring Prospectus) and DRHP (Draft Red Herring Prospectus). Investors can also access ASBA (Application Supported by Blocked Amount) IPO forms and stay updated on the live subscription status of the IPO.

HMA Agro Valuations & Margins

The valuations and margins of HMA Agro Industries reflect the company’s strong financial position and growth potential. Here are the key financial indicators for the company:

*Compiled by IPO Central from Prospectu

• FY 2020: EPS (Earnings Per Share) – INR 9.66, PE ratio (Price-to-Earnings ratio) – Not available, RONW (Return on Net Worth) – 24.54%, NAV (Net Asset Value) – INR 39.37, ROCE (Return on Capital Employed) – 36.58%, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) – 3.31%, Debt/Equity – 0.90
• FY 2021: EPS – INR 15.07, PE ratio – Not available, RONW – 27.68%, NAV – INR 54.45, ROCE – 39.16%, EBITDA – 6.47%, Debt/Equity – 0.70
• FY 2022: EPS – INR 24.39, PE ratio – 22.76 to 23.99, RONW – 30.93%, NAV – INR 78.85, ROCE – 42.15%, EBITDA – 5.70%, Debt/Equity – 0.88

These figures highlight the company’s consistent growth and sound financial management.

HMA Agro IPO GMP Today

The Grey Market Premium (GMP) of the HMA Agro IPO is yet to be determined. The GMP indicates the premium at which the IPO shares are traded in the unofficial market before their official listing. It provides an insight into market sentiment and demand for the IPO.

HMA Agro IPO Subscription – Live Updates

To keep track of the subscription status of the HMA Agro IPO in real-time, investors can access live updates. The subscription status reveals the level of demand and oversubscription for the IPO.

HMA Agro IPO Dates & Listing Performance

The opening date for the HMA Agro IPO is 20th June 2023, and the closing date is 23rd June 2023. The basis of allotment for the IPO will be finalized on 29th June 2023, followed by the initiation of refunds on 30th June 2023. Shares will be transferred to investors’ demat accounts by 3rd July 2023. The listing of HMA Agro IPO is scheduled for 4th July 2023. The opening and closing prices of the IPO shares on the NSE (National Stock Exchange) will be announced on the listing day.

Conclusion

HMA Agro Industries, a leading exporter of frozen buffalo meat products from India, is set to make its mark in the stock market with its upcoming IPO. The company’s strong financial performance, global market presence, and expansion plans make it an attractive investment opportunity. Investors can participate in the IPO, taking advantage of the promising growth potential of HMA Agro Industries in the frozen meat export industry.

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