
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
Overall Subscription
1.62x
Total Demand
QIB Multiplier
1.84x
Institutions & Funds
NII / HNI
3.13x
High Net-Worth
Retail (RII)
1.02x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,641,025 | 3,015,075 | 1.84x |
| NIB | 1,230,770 | 3,857,675 | 3.13x |
| HNIs(10L +) | 820,513 | 3,301,050 | 4.02x |
| HNIs (2-10L) | 410,257 | 556,625 | 1.36x |
| RETAIL | 2,871,795 | 2,919,425 | 1.02x |
| Total | 6,974,360 | 13,649,850 | 1.62x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 114,872 | 117,169 | 1.02x |
| HNIs (10L +) | 735 | 2,301 | 3.13x |
| HNIs (2-10L) | 3,516 | 11,005 | 3.13x |
| Total Applications | 119,123 | 130,475 | 1.10x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for HMA Agro Industries Limited IPO is ₹42 per equity share. Based on the upper price band of ₹555 to ₹585 per equity share, the estimated listing price is ₹627 (+7.2% expected listing gain).
With a lot size of 25 shares and current GMP of ₹42, the expected profit per application lot is approx ₹1,050 (+7.2% gain). Minimum application cost is approx ₹14,625.
The HMA Agro Industries Limited IPO aggregate issue size is ₹480 Crores with an equity price band set at ₹555 to ₹585 per equity share. The retail lot size is 25 shares requiring a minimum capital outlay of approx. ₹14,625.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.62x (Retail: 1.02x, QIB: 1.84x, NII: 3.13x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-06-28. Investors can verify status using PAN card or application number.
HMA Agro Industries Limited shares are scheduled to list on NSE and BSE on 2023-07-04.