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 |
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