
Agriculture & Food Processing · NSE / BSE
HMA Agro Industries Limited, incorporated in 2008, is a leading food trade organization in India specializing in handled food and agro products, including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals. The company is one of India’s largest exporters of frozen buffalo meat, contributing over 10% of the country’s total exports in this segment, with products marketed under the brands “Black Gold,” “Kamil,” and “HMA” and exported to more than 40 countries worldwide. HMA Agro operates four fully integrated meat processing plants in Aligarh, Mohali, Agra, and Parbhani, and is in the process of establishing a fifth plant in Haryana and acquiring a sixth in Unnao, expanding its total in-house processing capacity to over 400,000 metric tons per annum. Additionally, the company owns secondary processing units in Jaipur and Manesar, with facilities approved for export to countries across the Middle East, CIS, Africa, and Southeast Asia. Approximately 90% of its sales are exports, and the HMA Group employs around 25,000 people across more than 10 locations in India.
Price Band
₹555 – ₹585
Issue Size
₹480 Cr
Lot Size
25 shares
GMP
+7.2%
Est. Listing
₹627
at current GMP
Subscribed
1.62x
overall
Open
20 Jun 2023
Close
23 Jun 2023
Allotment
28 Jun 2023
Refund
29 Jun 2023
Demat Credit
30 Jun 2023
Listing
4 Jul 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹585
Band: ₹555 – ₹585
Estimated Listing Price
₹627
Upper price + GMP
Lot Size
25 shares
Min investment ₹14,625
Estimated Profit / Lot
₹1,050
25 × ₹42
Grey Market Premium trend
+₹42
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹42 | 7.2% | ₹627 |
| 30 Oct 2026 | +₹42 | 7.2% | ₹627 |
| 29 Oct 2026 | +₹38 | 6.5% | ₹623 |
GMP is unofficial market data. Not a guarantee of listing performance.
HMA Agro Industries Limited is bringing an initial public offering (IPO) in the Agriculture & Food Processing sector with an aggregate issue size of ₹480 Crores. The shares are offered at a price band of ₹555 to ₹585 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 25 shares (approx. ₹14,625 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-06-30, while un-allotted funds or UPI block mandates will be released on 2023-06-29.
The latest grey market premium for HMA Agro Industries Limited IPO is ₹42, which indicates an expected listing price of ₹627.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.