Agro Processing / Meat Exports - Listed on 04 July 2023
HMA Agro Industries (Agro Processing / Meat Exports) closed its IPO window in 2023 and listed on NSE and BSE on 04 July 2023 at an upper band issue price of Rs 585, opening at Rs 625 for a listing gain of +6.8% and closing day one at Rs 585.7 (+0.1% on closing basis). The IPO was subscribed 1.62x overall - QIB 1.74x, HNI/NII 2.97x, Retail 0.96x. The total issue size was Rs 480 Cr (Fresh Issue Rs 150 Cr, OFS Rs 330 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Agro Processing / Meat Exports
HMA Agro Industries operates in the Agro Processing / Meat Exports space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The HMA Agro Industries issue was offered at an upper price of Rs 585 and raised approximately Rs 480 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +3.42% |
| Day 2 | Rs 22 | +3.76% |
| Day 3 | Rs 25 | +4.27% |
| Day 4 | Rs 22 | +3.76% |
| Day 5 | Rs 20 | +3.42% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the HMA Agro Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
HMA Agro Industries IPO listed at +6.8% versus the upper issue price of Rs 585 on 04 July 2023.
HMA Agro Industries IPO was subscribed 1.62x overall. QIB portion was subscribed 1.74x, HNI / NII 2.97x and Retail 0.96x.
IPO GMP started at Rs 20 on Day 1 and moved to Rs 20 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.