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HMA Agro Industries Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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HMA Agro Industries Ltd IPO

Registered Office: 18A/5/3 Tajview Crossing,Fatehabad Road , Agra - 282001 , Uttar Pradesh , India.
Phone : 91-7217018161   Fax:
Email :  cs@hmaagro.com  
Website :  www.hmagroup.co
Initial public offering of 8,205,127* equity shares of face value of (Rs)10 each ("Equity Shares") of HMA Agro Industries Limited ("Company" or "Issuer") for cash at a price of (Rs)585 per equity share (including a share premium of (Rs)575 per equity share) (the "Offer Price") aggregating to (Rs)480.00 crores (the "Offer") comprising of a fresh issue of 2,564,102* equity shares aggregating to (Rs)150.00 crores (the "Fresh Issue") and an offer for sale of 5,641,025* equity shares aggregating to (Rs)330.00 crores (the "Offer for Sale"), comprising an offer for sale of 2,051,281 equity shares aggregating to (Rs)120.00 crores by Wajid Ahmed, 837,607 equity shares aggregating to (Rs)49.00 crores by Gulzar Ahmad, 837,607 equity shares aggregating to (Rs)49.00 crores by Mohammad Mehmood Gureshi, 837,607 equity shares aggregating to (Rs)49.00 crores by Mohammad Ashraf Qureshi, 837,607 equity shares aggregating to (Rs)49.00 crores by Zulfiquar Ahmed Qureshi, (collectively, the "Promoter Selling Shareholders") and 239,316 equity shares aggregating to (Rs)14.00 crores by Parvez Alam, (the "Promoter Group Selling Shareholder") (the promoter selling shareholders and the promoter group selling shareholder, collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). The offer constitute 16.39 % of the fully diluted post offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment. The face value of equity shares is (Rs)10 each and the offer price is 58.5 times of the face value of the equity shares. Bids canbe made for a minimum of 25 equity shares and in multiplesof 25 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Jun-23 23-Jun-23 (Rs)585.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :25  Further Multiples of :25

  (Rs Cr) Lead Managers to the Issue
Project Cost 145.90
Aryaman Financial Services Ltd
Project Financed through Current Offer 480.00  
Post Issue Equity Share Capital 50.08  
Issue Price (Rs)585.00  
 
Projects
Funding working capital requirements of the companyGeneral corporate purposes
Promoted By
Wajid Ahmed  
Gulzar Ahmad  
Mohammad Mehmood Qureshi  
Listing At
BSE 
NSE 
Registrar to the Issue
Bigshare Services Pvt Ltd