HMA Agro Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹585
Per ShareLot Size
25 Shares
Minimum Investment
₹14,625
Issue Size
₹480 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
HMA Agro Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96%
Issue Type
Book Building
ISIN
INE0ECP01024
About the Company
HMA Agro Industries Limited is three star export house and are one of the largest exporters of buffalo meat in India accounting for more than 10% of India's export of frozen buffalo meat its products are self-branded, packaged and exported to over 40 countries.
Industry Overview
India, after Brazil, is the second largest exporter of buffalo meat in the world. India is expected to export 1.60 million metric tons (MMT) of buffalo meat with market share of 13% in total meat export across the world. Buffalo meat is the second largest exported product after Rice within the total agri-export basket of India.
Company History
The Company was incorporated as "HMA Agro Industries Limited" on April 09, 2008 under the Companies Act, 1956 with the Registrar of Companies, Uttar Pradesh and Uttranchal bearing registration number 034977. The Company was granted its certificate for commencement of business on June 25, 2008 by the RoC. The Corporate Identification Number of the Company is U74110UP2008PLC034977.
Products & Services
- The Company is a Three Star Export House processing and exporting Processed Food Products. Currently the company is one of the top three market leaders in export of Packaged Frozen Buffalo Meat Products from India.
- The Company has recently begun product diversification process into other food processing and exports of products such as Frozen Fish and Basmati Rice.
Growth Strategy
- Augment capital base for adequate working capital
- Diversification
- New Geographies
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 8,205,127* equity shares of face value of Rs. 10 each ("Equity Shares") of HMA Agro Industries Limited ("Company" or "Issuer") for cash at a price of Rs. 585 per equity share (including a share premium of Rs. 575 per equity share) (the "Offer Price") aggregating to Rs. 480.00 crores (the "Offer") comprising of a fresh issue of 2,564,102* equity shares aggregating to Rs. 150.00 crores (the "Fresh Issue") and an offer for sale of 5,641,025* equity shares aggregating to Rs. 330.00 crores (the "Offer for Sale"), comprising an offer for sale of 2,051,281 equity shares aggregating to Rs. 120.00 crores by Wajid Ahmed, 837,607 equity shares aggregating to Rs. 49.00 crores by Gulzar Ahmad, 837,607 equity shares aggregating to Rs. 49.00 crores by Mohammad Mehmood Gureshi, 837,607 equity shares aggregating to Rs. 49.00 crores by Mohammad Ashraf Qureshi, 837,607 equity shares aggregating to Rs. 49.00 crores by Zulfiquar Ahmed Qureshi, (collectively, the "Promoter Selling Shareholders") and 239,316 equity shares aggregating to Rs. 14.00 crores by Parvez Alam, (the "Promoter Group Selling Shareholder") (the promoter selling shareholders and the promoter group selling shareholder, collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). The offer constitute 16.39 % of the fully diluted post offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment. The face value of equity shares is Rs. 10 each and the offer price is 58.5 times of the face value of the equity shares. Bids canbe made for a minimum of 25 equity shares and in multiplesof 25 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Production Quality and well established Set up
- Well Experienced Management Team
- Long standing relations with its customer base and well-established marketing set up
- One of the well established Brands
- Well Diversified Market Reach
- Its Promoter/Director, its Subsidiaries and its Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company derive a significant portion of its revenue from meat business and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.
- The company require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
- The company operate in a highly regulated and environmental and religiously sensitive business. Certain of its processing units generate pollutants and waste, some of which may be hazardous and harmful to the environment. Hence, its have in the past experienced plant shutdowns and disruptions with respect to its processing plants. Further, any failure to comply with statutory requirements may lead to penalties, fines and/or imprisonment. Its inability to manage statutory requirement and keep its processing units operational could affect its business including future results of operations, reputation and financial condition. For instance.
- Any failure to protect or enforce its rights to own or use trademarks and brand names and identities could have an adverse effect on its business and competitive position.