HMA Agro IPO opens for subscription today; check subscription details here

20 Jun 2023 , 11:52 AM

The initial public offer (IPO) of HMA Agro Industries Limited opens for subscription today and will be closing on June 23. The company aims to raise Rs 480 crore including a fresh issue of equity shares of worth Rs 150 crore. Click here to subscribe the IPO.

The company has allocated a total of 35% of the quota for retail investors, 15% for high net worth individuals, and the remaining portion for qualified institutional buyers. Investors participating in the IPO can place bids for a minimum of 25 equity shares and in multiples thereof.

Check live subscription details of HMA Agro IPO on June 20^th at 11.50 AM.

Category	No. of shares offered	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	17,29,729	–	–
Non Institutional Investors(NIIs)	12,97,298	12,475	0.01
Retail Individual Investors (RIIs)	30,27,027	3,12,875	0.10
Total	60,54,054	3,25,350	0.05

(Source: BSE)

HMA Agro Industries holds a prominent position as one of India’s leading exporters of buffalo meat, with a contribution of over 10% to the country’s frozen buffalo meat exports. The company’s products bear its own brand names, namely ‘Black Gold,’ ‘Kamil,’ and ‘HMA.’ These high-quality products are packaged and exported to more than 40 countries worldwide.

The company’s extensive market reach spans across more than 40 countries, indicating a robust and well-diversified export network.