HMA Agro Industries IPO fully subscribed on last day; check live subscription status

23 Jun 2023 , 03:36 PM

The initial public offer of HMA Agro Industries was subscribed fully on the last day of the offer; however, retail investors give muted response to the issue. At 3.30 PM, the issue was subscribed 1.58 times overall, with NIIs and QIBs take charge with subscribing 2.94 times and 1.74 times respectively. 

HMA Agro Industries sets share price range at Rs 555-585 per share, allowing investors to subscribe to 25 shares in one lot.

HMA Agro Industries, a prominent player in the Indian market for packaged frozen buffalo meat products, has embarked on a product diversification journey. Alongside its existing stronghold in the export of buffalo meat, the company is now venturing into food processing and expanding its exports to include frozen fish and basmati rice.

With a strong presence in multiple global markets, HMA Agro Industries has nurtured long-standing relationships with customers worldwide. It is worth noting, however, that the company heavily relies on its export business, which contributed approximately 90.2% of its revenue in the fiscal year 2022.