HMA Agro Industries IPO

The HMA Group has a long history in the meat sector, dating back over four decades. Their company is the group’s flagship and a star export house recognised by the Indian government. HMA Agro Industries IPO will hit the stock market in August 2022.

About HMA Agro Industries

They are currently one of India’s top exporters of frozen buffalo meat products, accounting for more than 10% of the country’s total frozen buffalo meat exports.

Their products are mostly packaged under the brand names “Black Gold,” “Kamil,” and “HMA,” and are exported to more than 40 countries worldwide. They solely sell buffalo meat and related items.

Buffalo meat, unlike beef or pork, is not subject to religious restrictions and has the extra benefit of being low in fat and cholesterol. The meat produced for export is frozen halal buffalo meat that has been deboned and deglanded.

They own four fully integrated packaged meat manufacturing plants in Aligarh, Mohali, Agra, and Parbhani, and are currently constructing a fifth in Haryana.

Raw Materials & Export

They are also in the process of acquiring a second plant at Unnao. Their company purchases the raw materials, which are then processed at various processing units, the majority of which are owned by their subsidiaries and some of which are operated by third parties.

They export these branded finished products via their distribution channels because these processing units process their products on a contractual basis against fixed charges that are incurred by their company.

Their facilities have been licenced for export to the United Arab Emirates, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Vietnam, Indonesia, Georgia, Malaysia, Cambodia, & other Middle Eastern, CIS, and African countries, among others. Approximately 90% of their revenue comes from exports to other countries.

Revenue

They recently extended their product range by adding Frozen Fish Items, Basmati Rice, Poultry, & other agri products as business verticals to take advantage of our solid export business and well-established distribution systems over 40 countries.

They want to become one of India’s most well-known food product exporters. They’ve always been a profitable business with a proven track record of achieving solid financial results.

Their total income for the six months ending September 30, 2021, the year ending March 31, 2021, March 31, 2020, and March 31, 2019 was Rs. 14,797.69 million, Rs. 17,203.96 million, Rs. 24,166.13 million, and Rs. 27,840.29 million, respectively, and their profit after tax was Rs. 629.02 million, Rs. 726.13 million, Rs. 458.97 million & Rs. 311.65 million.

HMA Agro Industries IPO

HMA Agro Industries Limited, headquartered in Kolkata has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 480 Crore on 22 March 2022.

The offer includes a fresh issue of 150 Crore and there is an offer for sale (OFS) of 330 crore by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	828.15	572.03	472.85	549.27
Total Revenue	1,479.77	1,720.40	2,416.61	2,784.03
Profit After Tax	63.21	72.61	45.90	31.17

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	15.28	15.28	3
Financial Year 2020	9.66	9.66	2
Financial Year 2019	6.56	6.56	1
Weighted Average	11.95	11.95
30 Sep. 2021	13.08	13.08

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are some of the qualitative factors and key strengths that go into determining the Offer Price:

• Production High-quality and well-known set everything up.
• A team that is well-educated and experienced.
• Their consumer base has been with them for a long time, and they have a well-established marketing system.
• The brand is well-known.
• Presence all over the world.

HMA Agro Industries Peer Comparison

There are no publicly traded companies in India that operate in a similar industry to theirs. As a result, providing an industry comparison in regard to their firm is not possible.

HMA Agro Industries IPO Details

IPO Opening Date	August 2022
IPO Closing Date	August 2022
Issue Type	Book Building
Face Value	10 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	480 crore
Fresh Issue	150 Crore
Offer for Sale	330 Crore

HMA Agro Industries IPO Date

HMA Agro IPO opening date is August 2022, and the closing date is August 2022. The HMA Agro issue may list in August 2022.

IPO Opening Date	August 2022
IPO Closing Date	August 2022
Basis of Allotment Date	August 2022
Initiation of Refunds	August 2022
Credit of Shares to Demat Account	August 2022
IPO Listing Date	August 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum 1 lot based on availability

HMA Agro IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of HMA Agro Industries IPO.

HMA Agro Industries IPO GMP

HMA Agro IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

HMA Agro IPO Review

HMA Agro IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of HMA Agro Industries IPO is good or bad.

HMA Agro IPO Risk

• Certain legal processes have been filed against their Promoter/Director, their Subsidiaries, and their Group Companies. Any negative outcome in these proceedings could have a significant impact on their business, results of operations, and financial position.
• They earn a substantial percentage of their revenue from the meat industry, and any decrease in demand or production of such items could hurt their bottom line.
• In the regular course of business, they are needed to obtain certain permits and licences, as well as follow certain laws and regulations.
• They work in an industry that is heavily regulated, as well as environmentally and religiously sensitive. Several of their processing units produce pollutants and waste, some of which are potentially toxic to the environment.

Other Threats

1. If they don’t preserve and enforce their rights to own and utilise trademarks, brand names, and identities, it could hurt their business financial position and operations.
2. Their ability to maintain quality standards is contingent on the owners of their processing units fulfilling their contractual obligations.
3. They lack relevant experience in some of their company’s new business endeavours, which were launched recently.
4. One of our Promoters has a background in politics. Any negative event in his political life could have an impact on their company’s growth and/or the price of their stock.
5. The current and ongoing impact of the COVID-19 epidemic on their firm and operations could have a negative influence on their business prospects and financial performance in the future.

Quality

They feel that upholding a high standard of quality for their products is vital to their brand’s success. They have placed a high priority on improving the quality of their products since their inception.  They adhere to strict quality standards & ensure that the highest levels of hygiene is maintained throughout the process.

All processes are standardised in accordance with the International Codex Alimentarius Standards for Good Manufacturing Practices, Good Hygiene Practices & Hazard Analysis Critical Control Points.

To ensure the production of the quality meat with adequate built-in consumer safety & to achieve their goal of producing the perfect product, they have implemented a Quality Management System based on International Standard ISO 9001:2015, a Food Safety Management System based on ISO 22000:2005.

Clients

Their consumers are dispersed across the globe in various geographies. Their customer-centric business model necessitates making the best use of their current facilities, assuring a reliable supply of raw materials, and realising economies of scale as a result.

They sell their products to re-distributors in different nations, and in most cases, they’ve had relationships with these distributors for decades.

Furthermore, they have continued to build such connections over the previous few years, resulting in the development of new markets by investigating better margin areas while keeping consistent quality output and delivery schedules. They feel that their company’s business approach has shown to be profitable and scalable.

HMA Agro IPO Brokerage views

once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this HMA Agro Industries IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

HMA Agro IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
August 2022	1
August 2022	2
August 2022	3

HMA Agro Management

Wajid Ahmed, Gulzar Ahmad, Mohammad Mehmood Qureshi, Mohammad Ashraf Qureshi, & Zulfiqar Ahmad Qurashi, the Promoters of their Firm, have extensive industry expertise and have been essential in their Company’s steady growth.

Gulzar Ahmad has over 20 years of industry expertise and is well-versed in the marketing and trade circles of buffalo meat exports.

Wajid Ahmed has more than seven years of procurement expertise, and it is thanks to his expertise that the firm has become more automated.

Mohammad Mehmood Qureshi, a founding member with extensive experience in livestock trade, is currently in charge of acquisitions.

Mohammad Ashraf Qureshi has a wide range of experience in the livestock dealing industry. In addition, they are led by a group of seasoned professionals.

Promoters

• Wajid Ahmed
• Gulzar Ahmad
• Mohammad Mehmood Qureshi,
• Mohammad Ashraf Qureshi
• Zulfiqar Ahmad Qurashi

Promoter’s Holding

Pre Issue Share Holding	96%
Post Issue Share Holding

HMA Agro Limited Prospectus