HMA Agro Industries takes immense pride in being recognized as a foremost exporter of buffalo meat from India, commanding over 10 percent of the nation’s frozen buffalo meat exports. The company’s exquisitely packaged and self-branded products, bearing the illustrious names of ‘Black Gold,’ ‘Kamil,’ and ‘HMA,’ grace the shelves of more than 40 countries across the globe, showcasing the company’s remarkable international presence and expansive market reach.
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June 20, a momentous day, witnesses the grand commencement of the public phase of HMA Agro’s awe-inspiring initial public offering (IPO), valued at an astonishing ₹480 crore. Brace yourselves as the IPO sets sail within the price range of ₹555-585 per share, presenting an enticing opportunity for investors to dive into. The window of participation remains open until June 23, allowing eager individuals to seize the moment. Notably, the lot size for the HMA Agro Industries IPO has been thoughtfully set at 25 shares, catering to a diverse array of investor profiles.
HMA Agro, in all its glory, is predominantly devoted to buffalo meat and its associated products, which effortlessly account for a staggering 97 percent of its overall revenue. As part of this remarkable IPO, the company strives to amass a monumental ₹150 crore through a fresh issue, while the esteemed promoters aim to offer ₹330 crores for sale. The visionary individuals involved in this offering include the likes of Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi, Mohammad Ashraf Qureshi, Zulfiqar Ahmad Qurashi, and Parvez Alam. It’s worth noting that the net offer has been judiciously reserved, with 50 percent allotted to Qualified Institutional Buyers, 15 percent to Non-Institutional Investors, and 35 percent exclusively for retail investors.
The infusion of funds garnered from the fresh issue will primarily be channeled toward meeting the company’s working capital requirements, thus bolstering HMA Agro’s operational prowess and fortifying its strategic growth trajectory.
In the lead-up to this monumental IPO, HMA Agro Industries has achieved a resounding triumph by raising a commendable ₹144 crores from a diverse range of anchor investors. These esteemed investors have been granted a share allocation of 24.61 lakh shares, each valued at ₹585 per share, representing the upper echelons of the price band. Amongst the illustrious anchor investors, we find the likes of Craft Emerging Market Fund PCC, Minerva Ventures Fund, Forbes EMF, Coeus Capital Opportunities Fund, Radiant Global Fund, and Absolute Returns Scheme. Particularly noteworthy is Craft Emerging Market Fund PCC, which, through Citadel Capital Fund and Elite Capital Fund, has emerged as the largest investor, deploying a staggering ₹70 crore in HMA Agro.
HMA Agro Industries takes immense pride in being recognized as a foremost exporter of buffalo meat from India, commanding over 10 percent of the nation’s frozen buffalo meat exports. The company’s exquisitely packaged and self-branded products, bearing the illustrious names of ‘Black Gold,’ ‘Kamil,’ and ‘HMA,’ grace the shelves of more than 40 countries across the globe, showcasing the company’s remarkable international presence and expansive market reach. As this IPO extravaganza unfolds, Aryaman Financial Services assumes the pivotal role of the sole book-running lead manager, orchestrating the entire IPO process, while Bigshare Services diligently steps into the role of registrar to the issue, overseeing the seamless execution of this landmark event.
With the IPO wheels set in motion, HMA Agro Industries finds itself perched upon the precipice of an exhilarating new phase, poised to leverage its robust market position and satiate the escalating demand for buffalo meat and its allied products. Investors stand at the brink of an extraordinary opportunity to partake in this momentous occasion and potentially reap the bountiful rewards promised by the company’s future growth prospects.
