HMA AGRO IPO TO OPEN ON TUESDAY, JUNE 20, 2023; It’s The First To Be Publicly Listed Frozen Buffalo Meat Exporting Company On The Stock Exchanges

L-R: Mr Gulzeb Ahmed, CFO – HMA Agro Industries Ltd. with Mr Shripal Shah, CEO – HMA Agro Industries Ltd., Mr Wajib Ahmed Promoter – HMA Agro Industries Ltd and Mr Ashraf Qureshi Promoter – HMA Agro Industries – Photo By GPN

Price Band fixed at ₹555 – ₹585 per equity share of Rs. 10 each
• Anchor Investor Bidding Date – Monday, June 19, 2023
• Bid/Offer Opening Date – Tuesday, June 20, 2023
• Bid/Offer Closing Date – Friday, June 23, 2023
• Bids can be made for a minimum of 25Equity Shares and in multiples of 25equity shares thereafter by Bidders other than Anchor Investors.

NATIONAL, JUNE 16, 2023 (GPN)–HMA Agro Industries Ltd. (HAIL) is a flagship company of HMA Group. The group has been in the meat industry since over four decades. The company enjoys three-star export house reorganization by Government of India.

The public offer comprises a fresh issuance of shares aggregating up to ₹150 crores (the “Fresh Issue”) and an offer for sale (OFS) of shares by the Selling shareholders aggregating
up to ₹330 crores. Thus the overall IPO size is ₹480 crores.

The Price Band for the Offer has been fixed from ₹. 555 per to ₹. 585 per equity share. The Bid/Offer will close on Friday, June 23, 2023. Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date; i.e., Monday, June 19, 2023.

HMA Agro currently among the largest exporters of frozen buffalo meat products from India and accounts for morethan 10% of India’s total export of frozen buffalo meat (Source:
Brickworks Analytics Report).

Company’s products aremainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” and exported to over 40 countries globally. It deals in
buffalo meat and allied products. Unlike beef or pork, buffalo meat is free from religious constraints andhas the added advantage of low fat and cholesterol. The meat produced for
export is in the form of deboned anddeglanded frozen halal buffalo meat. The company follows stringent norms prescribed by the regulatory authorities that includes APEDA, FSSAI,
etc.

Gulzar Ahmad, Chairman and Whole Time Director – HMA Agro Industries Ltd. said: “We are thrilled to launch IPO of HMA Agro Industries Ltd. – The company is one of the three leading buffalo meat exporting companies from India and is making strides with rising
demands. It has also added other agro products to its basket for exports.”

The Sole Book Running Lead Managers to the Offer is Aryaman Financial Services Ltd. Bigshare Services Pvt. Ltd. is the registrar of the issue. All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Offer Document dated June 05, 2023 available on the websites of SEBI and the Stock Exchanges.Ends

Disclaimer:
HMA Agro Disclaimer: Investors should note that investment in equity shares may involve risks and for details relating to such risks, prospective investors should carefully read the Offer Document, including sections titled “Risk Factors” and “Forward-Looking Statements”. Prospective investors should not rely on the Draft Offer Document filed with the SEBI and the recognized Indian stock
exchanges in making any investment decision.

SEBI Disclaimer: It is to be distinctly understood that submission of the Offer Document to SEBI should not in any way be deemed or construed that the same has been cleared or approved by SEBI. SEBI does not take any responsibility either for the financial soundness of any scheme or the project
for which the issue is proposed to be made or for the correctness of the statements made or opinions
expressed in the Draft Offer Document, the Offer Document or the Final Offer Document.

NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to the Offer Document for the full text of the “Disclaimer clause of NSE” on page
5 of the Offer Document.

BSE Disclaimer: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the Offer Document has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the Offer
Document. The investors are advised to refer to the Offer Document for the full text of the Disclaimer clause of the BSE on page 4 of the Offer Document.

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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