te HMA Agro Industries' IPO opens today: Key things to know | Zee Business

HMA Agro Industries' IPO opens today: Key things to know

HMA Agro Industries proposes to use the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes.

HMA Agro Industries' IPO opens today: Key things to know
The company has fixed the price band in the range of Rs 555 and Rs 585 apiece, image- pixabay

Food trade company HMA Agro Industries' initial public offering (IPO) will open for subscription today. The subscription window will be open for three days, until June 23.

The company proposes to use the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes.

HMA Agro Industries IPO: Price band

The company has fixed the price band in the range of Rs 555 and Rs 585 apiece and aims to raise Rs 480 crore from this public offer.

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The initial share sale consists of a fresh issue size of 25.64 lakh equity shares with a face value of Rs 10 each, aggregating to Rs 150 crore, and an offer for sale (OFS) component of 56.41 lakh equity shares worth Rs 330 crore.

HMA Agro Industries IPO: Allotment date and link

The allotment will be done on June 29, and Bigshare Services is the official registrar.

HMA Agro Industries IPO: Listing date 

The shares of HMA Agro Industries will be listed on the NSE and BSE on July 4.

About HMA Agro Industries

Incorporated in 2008, HMA Agro Industries Limited is a food trade organisation for handling food and agro products, including prepared and frozen natural products, vegetables, and cereals, in India.

HMA has products in various nations and serves around 60 nations worldwide. HMA Group has a total strength of around 25,000 employees and works in excess of 10 workplaces and 5 working environments in India, as per the company's website. The company has recently diversified its product portfolio by adding frozen fish products and basmati rice as business verticals.

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Written By: Sirali Gupta
Edited By: Swati Verma
Updated: Tue, Jun 20, 2023
08:57 am
Mumbai, ZeeBiz WebDesk
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