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

HMA Agro Industries Ltd. IPO Details

Check out the issue details for HMA Agro Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 585

Price Band

₹ 555 - 585

Issue Size

480 Cr.

Issue Type

Book Built

Open

2023-06-20

Close

2023-06-23

Listingprice

₹ 625

ListingGain

6.84%

Listing Date

2023-07-04

CMP

₹ 41.08

Current Return

-92.98%

Company Financials

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

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

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2372.8 1707.45 2921.99 3125.55 4665.06
Total Expenditure 2312.4 1610.95 2813.41 2971.28 4539.51
Operating Profit 60.4 96.5 108.58 154.28 125.56
Other Income 43.5 12.64 55.39 46.08 41.14
Interest 20.2 6.43 10.17 12.27 14.06
Depreciation 23.5 4.28 4.35 4.38 6.1
Exceptional Items 0 0 0 0 0
Profit Before Tax 60.2 98.44 149.45 183.71 146.53
Provision for Tax 15.7 25.99 39.05 46.39 35.84
Net Profit 44.5 72.44 110.4 137.32 110.69
Adjusted EPS (Rs.) 0.09 0.15 0.23 0.29 0.22

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 3.7 3.73 47.51 47.51 50.08
Total Reserves 181.3 253.53 320.21 436.93 686.97
Borrowings 0 0 0 0 0
Other N/C liabilities -3.5 0.22 0.08 -4.64 0.8
Current liabilities 304.7 296.72 374.92 415.79 562.99
Total Liabilities 486.2 554.19 742.72 895.59 1300.84
Assets
Net Block 49.2 37.89 34.72 35.02 39.26
Capital WIP 0.1 0.42 0.42 0.42 0
Intangible WIP 0 0 0 0 0
Investments 34.3 51.86 72.88 72.88 72.88
Loans & Advances 15.7 14.72 52.76 163.71 169.2
Other N/C Assets 7.7 7.79 24.1 22.84 58.47
Current Assets 379.2 441.51 557.85 600.73 961.02
Total Assets 486.2 554.19 742.72 895.59 1300.84
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 4.43 20.81 6.48 9.03 11.38
Profit Before Tax 53.09 58.06 -21.69 6.89 34.55
Tax 14.93 14.69 -8.13 4.44 9.42
Profit After Tax 38.17 43.37 -13.56 2.46 25.13
Adjusted EPS (Rs) 0.76 0.87 -0.27 0.05 0.5

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 83.61 0
Jun 2024 83.61 0
Mar 2024 83.61 0
Dec 2023 83.61 0
Sep 2023 83.61 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 60.2 98.44 149.45 183.71 146.53
Adjustment -4.3 10.6 -39.55 14.78 3.91
Changes in Assets & Liabilities 1.3 -36.88 -114.86 -19.99 -245
Tax Paid -13.2 -30.2 -43.23 -44.13 -47.17
Operating Cash Flow 44 41.95 -48.18 134.36 -141.73
Investing Cash Flow -29.4 -32.84 -76.39 -86.63 -36.46
Financing Cash Flow 17.4 3.71 90.21 0.89 221.05
Net Cash Flow 32 12.82 -34.37 48.62 42.86
X