HMA Agro Industries Limited

HMA Agro Industries Limited IPO Review, Date, Price, GMP

The HMA Agro Industries Limited, with a history of over four decades, has proved itself as a major player in the meat industry. As the flagship company of the group, it holds the distinction of being recognized as a star export house by the Government of India. With a significant share in India’s frozen buffalo meat exports, the company accounts for more than 10% of the country’s total exports in this category, as reported by Brickworks Analytics.

Under the brand names “Black Gold,” “Kamil,” and “HMA,” the company primarily focuses on the export of buffalo meat and related products. The exported meat is processed into deboned and deglanded frozen halal buffalo meat. HMA Agro Industries Limited and its subsidiaries own four fully integrated packaged meat processing plants located in Aligarh, Mohali, Agra, and Parbhani. Additionally, they are in the process of setting up a fifth processing unit in Haryana and acquiring another plant in Unnao, with the goal of increasing their in-house meat processing capacities to over 400,000 metric tons per year across six owned plants by the second quarter of the fiscal year 2022-23.

In addition to their primary focus on buffalo meat, HMA Agro Industries Limited also operates two secondary-level meat processing units in Jaipur and Manesar. The company handles raw material procurement, which is then processed at various owned and third-party processing units on a contractual basis. The branded finished products are exported through the company’s established distribution channels to over 40 countries worldwide. The company’s export facilities are approved for countries such as UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Cambodia, and other Middle Eastern, CIS, and African countries. Around 90% of HBA AGRO’S sales come from exports.

Capitalizing on its strong export business and well-established distribution channels, HMA Agro Industries Limited has recently diversified its product portfolio to have frozen fish products, basmati rice, poultry, and other agricultural products. This strategic action aims to position the company as one of the leading food product exporters in India.

HMA Agro Industries Limited has a record of delivering robust financial Results and has consistently been profitable. This reflects the HBA AGRO’s strategic focus on higher-margin markets and reduced emphasis on lower-margin markets in recent years.

HMA Agro Industries Limited IPO Complete Details:

IPO Date20 June 2023 to 23 June 2023
Issue TypeBook Built Issue IPO
Listing AtNSE BSE
Face Value10 Rs. Per Share
PriceRs.555 to 585
Lot Size25
Issue Size shares (Rs. 480 Cr)
Fresh Issue shares (Rs. 150 Cr)
Offer For Sale shares (Rs. 330 Cr)
Listing Date04 July 2023

HMA Agro Industries Limited IPO Timetable:

Opening Date20 June 2023
Closing Date23 June 2023
Allotment29 June 2023
Initiation of Refunds30 June 2023
Credit of Shares to Demat Account03 July 2023
Listing Date04 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet Worth
31 March 2019549.272,784.0331.17141.45
31 March 2020472.852,416.6145.90187.05
31 March 2021572.041,720.4071.60258.69
31 March 2022856.113,138.98117.62374.65
Amount In Crores

AS OF NOW, the GMP OF HMA Agro Industries Limited is Around 10 Rs.

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