HMA Agro Industries Ltd. IPO

HMA Group has been in the meat industry since over four decades. The company is the flagship company of the group and is a star export house recognized by Government of India. They only deal in buffalo meat and allied products.

RHP
View
DRHP
View
Open Date

2023-06-20

Close Date

2023-06-23

Company Financials

You can get the following financial statements of HMA Agro Industries Ltd. as of now.

Subscription Details

The details about the HMA Agro Industries IPO is as:

  • The issue size of the IPO is 480 Cr.
  • The price band for HMA Agro Industries IPO is Rs 555 to Rs 585.
  • The shares of HMA Agro Industries IPO will list on 4rth July 2023.
  • The latest tentative GMP of HMA Agro Industries IPO is Rs 25.
  • The shares of HMA Agro Industries IPO is subscribed 1.62 Times as of 23rd June 2023. 

 

HMA Agro Industries IPO Valuation

The approx valuation of HMA Agro Industries IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 585
Existing Shares (Qty) 4.75 Cr
Fresh Issue 150 Cr
Market Cap 2928.75 Cr
EPS (FY22) Rs 24.39
PE Ratio 23.98x

 

HMA Agro Industries IPO Issue Size

HMA Agro Industries IPO issue size is 480 Cr.

Issue Amount
Fresh Issue 150 Cr
Offer For Sale 330 Cr

 

HMA Agro IndustriesIPO Market Lot

An Individual can apply for a minimum 1 lot of 25 shares and a maximum of 13 lots of 325 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 25 Rs 14,625
 Maximum 13 325 Rs 1,90,125

 

HMA Agro Industries IPO share offer

The shares of HMA Agro Industries IPO is subscribed 1.62 Times as of 23rd June 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 50% 1.74 Times
Non-Institutional Maximum 15% 2.97 Times
Retail Individual Maximum 35% 0.96 Times
Total   1.62 Times

 

Allotment Details

Find below the dates for HMA Agro Industries Ltd IPO:

Schedule Date
Basis of Allotment 29 June 2023
Refunds 30 June 2023
Credit to Demat Account 3 July 2023
IPO Listing Date 4 July 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 2742.1 2372.8 1707.5 2921.99 3125.55
Total Expenditure 2719.3 2312.4 1603.6 2813.41 2971.28
Operating Profit 22.8 60.4 103.9 108.58 154.28
Other Income 41.7 43.5 12.6 55.39 46.08
Interest 6.3 20.2 6.7 10.17 12.27
Depreciation 10.2 23.5 10.8 4.35 4.38
Exceptional Items 0 0 0 0 0
Profit Before Tax 48 60.2 99 149.45 183.71
Provision for Tax 21.9 15.7 26 39.05 46.39
Net Profit 26.1 44.5 73 110.4 137.32
Adjusted EPS (Rs.) 0.06 0.09 0.15 0.23 0.29

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 3.7 3.7 3.7 47.51 47.51
Total Reserves 137.1 181.3 254.4 320.21 436.93
Borrowings 0 0 0 0 0
Other N/C liabilities -0.7 -3.5 -1 0.08 -4.64
Current liabilities 422.1 304.7 319.8 374.92 415.79
Total Liabilities 562.2 486.2 576.9 742.72 895.59
Assets
Net Block 41.8 49.2 37.9 34.72 35.02
Capital WIP 0 0.1 0.4 0.42 0.42
Intangible WIP 0 0 0 0 0
Investments 18.6 34.3 51.9 72.88 72.88
Loans & Advances 19 15.7 34.4 52.76 164.74
Other N/C Assets 1 7.7 7.8 24.1 22.84
Current Assets 481.8 379.2 444.5 557.85 599.7
Total Assets 562.2 486.2 576.9 742.72 895.59
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income -1.16 9.42 4.43 20.81
Profit Before Tax 46.91 57.07 53.09 58.06
Tax 11.84 14.35 14.93 14.69
Profit After Tax 35.08 42.72 38.17 43.37
Adjusted EPS (Rs) 0.74 0.85 0.76 0.87

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 83.61 0
Sep 2023 83.61 0
Jun 2023 83.61 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 0 60.2 99 149.45 183.71
Adjustment 0 -4.3 13.7 -39.55 14.04
Changes in Assets & Liabilities 0 1.3 -48.1 -114.86 -19.25
Tax Paid 0 -13.2 -30.2 -43.23 -44.13
Operating Cash Flow 0 44 34.4 -48.18 134.36
Investing Cash Flow 0 -29.4 -22.3 -76.39 -86.64
Financing Cash Flow 0 17.4 0.8 90.21 0.89
Net Cash Flow 0 32 12.9 -34.37 48.62
X