HMA Agro Industries IPO is all set to hit the first market. The subscription will begin on June 20 and conclude on June 23. The problem will open for anchor investor subscription a day earlier than the retail. The firm plans to elevate Rs 480 crore from the difficulty.
The preliminary share sale contains a contemporary problem of greater than 25 lakh contemporary shares and an Offer for Sale (OFS) of over 56 lakh fairness shares. The contemporary problem of fairness shares aggregates up to Rs 150 crore and an OFS of Rs 330 crore by its promoters.
The price band for the supply has been fixed at Rs 555 – 585 by the corporate at Rs 10 face worth.
The HMA Agro IPO minimal market lot is 25 shares with Rs 14,625 utility quantity. Retail traders can apply for up to 13 heaps. The retail quota has been reserved at 35 per cent, QIB at 50 per cent and HNI at 15 per cent.
The goal of the difficulty is to meet the working capital necessities and normal company function.
Frozen meat exporter HMA Agro Industries had in March 2022 filed preliminary papers with markets regulator Sebi for an preliminary share sale value Rs 480 crore, in accordance to a PTI report.
The Agra-based agency is among the many largest exporters of frozen buffalo meat merchandise from India. Its merchandise are exported to over 40 international locations everywhere in the globe. More than 90 per cent of its gross sales comes from exports.
For the monetary 12 months ended March 2021, the corporate posted a revenue after tax of Rs 73 crore whereas the entire earnings from operations stood at Rs 1,720 crore. Aryaman Financial Services is the book-running lead supervisor for the IPO whereas Bigshare Services is the registrar.
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