MUMBAI, JUNE 19, 2023 (GPN): Foreign Portfolio Investors & Alternative Investment Funds have subscribed to HMA Agro’s anchor book. The Company had offered 24,61,537 shares to the anchor investors & has raised 144 crore through anchor allocation. The company’s IPO is set to open on June 20, 2023, and close for public subscription on June 23, 2023. The company has set the price band of Rs. 555-585 per share (Rs 10 paid up) through the book-building route. 

The company now will raise Rs 336 crore in the issue. On listing, HMA Agro will be India’s first major frozen buffalo meat exporter to go public. Aryaman Financial Services is the sole Book Running Lead Manager, and Bigshare Service is the Registrar issue. The shares of the company will be listed on BSE and NSE.

Incorporated in 2008, HMA Agro Industries Limited is a three star export house and 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.

HMA Agro Industries Limited will be listed at BSE on Tuesday 4th of JULY, 2023. Mr Jackie Shroff will be the Chief Guest.

The company has five fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, Parbhani and 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. The facilities are approved for export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Cambodia, and other Middle East, CIS, and African Countries, etc. Approximately 90% of the sales of the company are in the form of exports. Ends