The frozen buffalo meat exporter HMA Agro Industries’ initial public offer (IPO) has been subscribed 71% at 12.05 PM. Click here to subscribe the IPO.
As per BSE data, retail investors have purchased 45% of the shares allocated to them, while high net worth individuals have bid 1.22 times their reserved portion. The portion set aside for qualified institutional buyers has been subscribed to 77%.
The company has also mobilised Rs 144 crore from anchor investors ahead the IPO on June 19 at the price of Rs 585 per share, upper end of the price band.
The company plans to raise Rs 480 crore through the IPO. This includes a fresh issue of Rs 150 crore and an offer for sale of Rs 330 crore by the promoters.
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 |
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