iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

HMA Agro announces price band of Rs 555-585 per share; IPO set to open on June 20

9 Jun 2023 , 09:49 AM

HMA Agro Industries is all set to open its initial public offer (IPO) on June 20. The company has fixed the price band for its Rs 480 crore issue at Rs 555-585 per share. The anchor bidding will held on June 19 and the IPO will conclude on June 23.

The IPO consist fresh issue of equity shares of Rs 150 crore and an offer for sale of up to Rs 120 crore by Wajid Ahmed, up to Rs 49 crore each by Gulzar Ahmad, Mohammad Mchmood Qureshi, Mohammad Ashraf Qureshi and Zulfiqar Ahmad Qurashi. Parvez Alam will offload shares up to Rs 14 crore.

The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.

HMA Agro Industries holds a prominent position as one of India’s major exporters of frozen buffalo meat products. With a market share exceeding 10% of India’s total export of frozen buffalo meat, the company has established itself as a key player in the industry. Its products are marketed under the well-known brand names ‘Black Gold,’ ‘Kamil,’ and ‘HMA.’ 

These high-quality meat products are in demand across the globe, reaching over 40 countries such as the UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, and many more. Through its extensive distribution network, HMA Agro Industries continues to expand its global presence and deliver its renowned buffalo meat products to customers worldwide.

Aryaman Financial Services Ltd is the sole merchant banker of the issue and Bigshare Services Pvt Ltd is the IPO registrar.

HMA Agro IPO important details: 

Open date  20 June 2023
Close date  23 June 2023
Lot size  25
IPO size (Rs crore)  Rs 480 crore
IPO price range (Rs)  Rs 555-Rs 585 per share
Minimum investment  Rs 14,625
Basis of allotment date  29 June 2023
Refunds date 30 June 2023
Credit to demat account date  3 July 2023
Listing date  4 July 2023
HMA Agro

Related Tags

  • HMA Agro
  • Hma agro Industries Ltd IPO gmp
  • HMA Agro IPO
  • HMA Agro share Price
  • HMA IPO
  • upcoming ipo
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.