{"id":18259,"date":"2023-06-21T14:41:46","date_gmt":"2023-06-21T09:11:46","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2023\/06\/21\/hma-agro-initial-public-offering-opened-on-tuesday-june-20-2023\/"},"modified":"2023-06-21T14:41:46","modified_gmt":"2023-06-21T09:11:46","slug":"hma-agro-initial-public-offering-opened-on-tuesday-june-20-2023","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2023\/06\/21\/hma-agro-initial-public-offering-opened-on-tuesday-june-20-2023\/","title":{"rendered":"HMA Agro Initial Public Offering Opened On Tuesday, June 20, 2023"},"content":{"rendered":"
\"\"<\/div>\n

To be the first publicly listed frozen buffalo meat exporting company on the Stock Exchanges<\/em><\/p>\n

New Delhi [India], June 21:<\/strong> HMA Agro Industries Ltd. (HAIL) is a flagship company of HMA Group. The group has been in the meat industry since over four decades. The company enjoys three-star export house reorganization by Government of India.<\/p>\n

The public offer comprises a fresh issuance of shares aggregating up to \u20b9150 crores (the \u201cFresh Issue\u201d) and an offer for sale (OFS) of shares by the Selling shareholders aggregating up to \u20b9330 crores. Thus the overall IPO size is \u20b9480 crores. <\/p>\n

The Price Band for the Offer has been fixed from \u20b9 555 per to \u20b9 585 per equity share. The Bid\/Offer will close on Friday, June 23, 2023. Anchor Investor Bid\/Offer Period shall be one Working Day prior to the Bid\/Offer Opening Date; i.e., Monday, June 19, 2023.<\/p>\n

HMA Agro currently among the largest exporters of frozen buffalo meat products from India and accounts for more than 10% of India\u2019s total export of frozen buffalo meat (Source: Brickworks Analytics Report). Company\u2019s products are mainly packaged under the brand name \u201cBlack Gold\u201d, \u201cKamil\u201d & \u201cHMA\u201d and exported to over 40 countries globally. It 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 follows stringent norms prescribed by the regulatory authorities that include APEDA, FSSAI, etc.<\/p>\n

Gulzar Ahmad, Chairman and Whole Time Director \u2013 HMA Agro Industries Ltd. said: \u201cWe are thrilled to launch IPO of HMA Agro Industries Ltd. – The company is one of the three leading buffalo meat exporting companies from India and is making strides with rising demands. It has also added other agro products to its basket for exports.”<\/p>\n

The Sole Book Running Lead Managers to the Offer is Aryaman Financial Services Ltd. Bigshare Services Pvt. Ltd. is the registrar of the issue.<\/p>\n

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Offer Document dated June 05, 2023 available on the websites of SEBI and the Stock Exchanges.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

To be the first publicly listed frozen buffalo meat exporting company on the Stock Exchanges New Delhi [India], June 21: HMA Agro Industries Ltd. (HAIL)… <\/p>\n","protected":false},"author":1,"featured_media":18260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[656],"class_list":["post-18259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/18259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=18259"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/18259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/18260"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=18259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=18259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=18259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}