HMA Agro IPO subscribed 29% so far on day 1

20 Jun 2023 , 03:39 PM

The Rs 480 crore initial public offer of HMA Agro opens for subscription on June 20 and the issue is subscribed 29% b 3.30PM. Click here to subscribe the IPO.

According to the subscription status of the HMA Agro Industries Ltd IPO, as of 3:30 PM on the first day of bidding, the qualified institutional buyers (QIBs) have placed bids for 37% of the public issue. High-net-worth individuals (HNIs) have shown a demand of 47%, while the retail portion has been subscribed 19%.

HMA Agro Industries Ltd operates four fully integrated packaged meat processing plants situated in Aligarh, Mohali, Agra, and Parbhani. Additionally, they are currently in the process of establishing a fifth fully integrated owned meat product processing unit in Haryana. Apart from these primary facilities, HMA Agro Industries also owns two secondary level meat processing units located in Jaipur and Manesar, both of which support their operations based in Agra.

HMA Agro Industries Ltd has allocated 50% of the shares for qualified institutional buyers (QIBs), while 15% of the shares are reserved for non-institutional investors (NIIs). The remaining 35% of the shares are allocated to retail investors.

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