HMA Agro Industries IPO Analysis @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, we are the Only Investment Platform in India, which has successfully completed 22 Years

HMA Agro Industries IPO Company Details
HMA Group has been in the meat industry since over four decades. The company is a star export house recognized by Government of India. It is currently among the largest exporters of frozen buffalo meat products from India, and it accounts for more than 10% of India’s total export of frozen buffalo meat. Its products are mainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” and exported to over 40 countries all over the globe.
It only deals in buffalo meat and allied products. Unlike beef or pork, buffalo meat is free from religious constraints and has the added advantage of low fat and cholesterol. The meat produced for export is in the form of deboned and deglanded frozen halal buffalo meat.
The Company (including its subsidiaries) own four fully integrated packaged meat processing plants which are located at Aligarh, Mohali, Agra and Parbhani and are in the process of setting up our fifth fully integrated owned meat product processing unit at Haryana. It is also in advanced stages to acquire an additional plant at Unnao, and it expects to complete this acquisition by Q2 of FY 2022-23. These would make its 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. Further it also owns two additional secondary level meat processing units at Jaipur and Manesar.

The raw material procurement is done by the company and the same is processed at various processing units, most of which are owned by its subsidiaries, and some are owned by third parties. These processing units process its products on a contractual basis against the fixed charges, which are borne by the company, and it exports these branded finished products through its distribution channels. Its 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, African Countries etc.
Approximately 90% of its sales are in form of exports.
In order to take advantage of its robust export business and well-established distribution channels across 40 countries, it has recently diversified its product portfolio by adding Frozen Fish Products, Basmati Rice, Poultry and other Agri products as, business verticals. It intends to become one of the most well recognized food products exporters in India.
For more information, click www.hmagroup.co

The Promoters
Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi, Mohammad Ashraf qureshi &Zulfiqar Ahmad Qurashi

HMA Agro Industries IPO Main Objects
The Offer comprises of fresh Issue and offer for share.
The Objects of the Net Fresh Issue is to raise funds for Funding working capital requirements of the Company

HMA Agro Industries IPO Details
IPO opens on
IPO closes on
Issue Type: Book Built Issue IPO
Issue: up to (?) Shares /Rs. 480Crore
* Fresh Issue of (?) Shares/ Rs.150 Cr
* Offer for Sale Up to 5,000,000 Shares/ Rs. 330 Cr

Face Value per share: Rs. 10
IPO Price Band Per Equity Share: Rs. (?)
IPO Retail Lot Size (?) Shares
IPO Listing will at BSE, NSE

Shares offered to
QIB (50%) (?) Shares = Rs (?) Cr
NII (15%) Shares = Rs (?) Cr
RII (35%) Shares = Rs (?) Cr
Lot size: (?) Shares = (?) Forms
Min Retail Application: (?) Shares, Rs. (?)
Max Retail Application: (?) Shares, Rs (?)

HMA Agro Industries IPO Tentative Timetable
IPO opens on
IPO Closes on
IPO Allotment on
Unblocking of ASBA
Credit to Demat Accounts
HMA Agro Industries Listing on

HMA Agro Industries IPO Financial & Analytical Ratios
Total Income 2019-20 Rs. 2416.61 Cr
Total Income 2020-21 Rs. 1720.30 Cr
Total Income 2021-22 Rs. 1479.77 Cr (6M)
Net Profit 2019-20 Rs. 45.89 Cr
Net Profit 2020-21 Rs. 72.61 Cr
Net Profit 2021-22 Rs. 63.21 Cr (6M)
Earnings per Share 2019-20 Rs 9.66
Earnings per Share 2020-21 Rs 15.28
Earnings per Share 2021-22 Rs 13.08 6M
Return on Net Worth 2019-20 24.54 %
Return on Net Worth: 2020-21: 27.96 %
Return on Net Worth: 2021-22 38.62%
Book Value of the Share as on 30.09.2021 Rs 67.74
NAV per Equity Share after the Offer?

Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:

HMA Agro Industries IPO Peer Comparison:
There are no listed companies in India that engage in a business similar to that of the Company

IPO Lead Managers
Aryaman Financial Services
Registrar to IPO
Linkintime India Pvt Ltd

Registered Office of HMA Agro Industries
18A/5/3, Tajview Crossing Fatehabad Road, Agra -282001, Uttar Pradesh, India
Company Secretary & Compliance Officer: Nikhil Sundrani

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