HMA Agro Industries IPO Date, Price, And Issue Size, Read Should You Apply For It Or Not?

HMA Agro Industries, a frozen meat exporter, has announced the price range for its upcoming initial public offering (IPO) at Rs 555-585 per share. The IPO, which amounts to Rs 480 crore, is scheduled to open on June 20 and conclude on June 23. The company plans to issue 25.64 lakh equity shares with a face value of Rs 10 each, raising Rs 150 crore in fresh capital. Additionally, there will be an offer for sale (OFS) of 56.41 lakh equity shares worth Rs 330 crore. The funds generated from the IPO will be utilized for working capital requirements and general corporate purposes. The allotment of shares will take place on June 29, and the listing is set for July 4.

Aryaman Financial Services Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd will serve as the registrar to the issue. HMA Agro Industries’ shares will be listed on both the BSE and NSE stock exchanges.

HMA Agro Industries IPO Date, Price, And Issue Size

In addition to the details mentioned earlier, here is some more relevant information about HMA Agro Industries’ initial public offering (IPO):

1. Company Background: HMA Agro Industries is a renowned exporter of frozen meat products. With its expertise in the industry, the company has established a strong presence in the international market.
2. IPO Size and Components: The IPO consists of a fresh issue of 25.64 lakh equity shares, which will raise Rs 150 crore for the company. This capital will be primarily used to fund the company’s working capital requirements and general corporate purposes. Additionally, there is an offer for sale (OFS) component of 56.41 lakh equity shares worth Rs 330 crore, allowing existing shareholders to sell a portion of their holdings.
3. Price Band and Valuation: The price band for the IPO has been set at Rs 555-585 per share. This indicates the range within which investors can bid for the shares. The IPO’s total size amounts to Rs 480 crore, which will contribute to the company’s valuation and market capitalization.
4. IPO Timeline: The IPO is scheduled to open on June 20 and close on June 23, providing a limited time window for investors to participate. The bidding for anchor investors will commence a day earlier, on June 19. The allotment of shares will take place on June 29, and the listing is planned for July 4.
5. Listing and Stock Exchanges: HMA Agro Industries’ shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This dual listing will provide investors with the flexibility to trade the company’s shares on either of these major Indian stock exchanges.
6. Book Running Lead Manager and Registrar: The book running lead manager for the IPO is Aryaman Financial Services Ltd. They will oversee the entire IPO process, including price determination, marketing, and allocation of shares. Bigshare Services Pvt Ltd has been appointed as the registrar to the issue, responsible for handling share allotment and related processes.

These additional details provide a comprehensive overview of HMA Agro Industries’ IPO, including its purpose, valuation, timeline, listing plans, and key players involved in the offering.