Incorporated in 2008, HMA Agro Industries Limited is a food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.
HMA Agro Industries is one of the largest exporters of frozen buffalo meat products from India and accounts for more than 10% of India's total export of frozen buffalo meat. The company's products are packaged under the brand name "Black Gold", "Kamil" & "HMA" and are exported to over 40 countries all over the globe.
The company has four fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, and Parbhani and is in the process of setting up a fifth fully integrated owned meat product processing unit in Haryana. The company is also in the process of acquiring an additional plant at Unnao by Q2 of FY 2022-23. These would make the total in-house meat product processing capacities to more than 4,00,000 metric tons p.a. spread over six different owned plants by Q2 of FY 2022-23.
HMA Agro Industries also owns two additional secondary level meat processing units at Jaipur and Manesar.
The facilities are approved for export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Combodia, and other Middle East, CIS, and African Countries, etc. Approximately 90% of the sales of the company are in the form of exports.
HMA GROUP has a total strength of around 25000 employees and works in excess of 10 workplaces and 5 working environments in India.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding working capital requirements of the Company | ₹135 |
| 2 General Corporate Purpose | ₹11 |
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 549 | 473 | 572 |
| Revenue | 2,784 | 2,417 | 1,720 |
| PAT | 31 | 46 | 72 |
| Net Worth | 141 | 187 | 259 |
| Reserves | 138 | 138 | 255 |
| Total Borrowing | 132 | 169 | 181 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 4,102,562 (50%) | — |
| NII / HNI | — | 1,230,770 (15%) | — |
| Retail (RII) | — | 2,871,795 (35%) | — |
| Total | — | 8,205,127 (100%) | — |
* Amount calculated at upper price band (₹585) · ** Total includes all investor categories
- 1 Initiation of Refund 30 Jun 2023
- 2 Credit of Shares to Demat 03 Jul 2023
- 3 Lock-in Period (30%) July 29, 2023
- 4 Lock-in Period (50%) September 27, 2023
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
- The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹19.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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