HMA Agro Industries Limited IPO: The IPO of HMA Agro Industries Limited has opened for subscription from June 20 and will close on June 23. That is, investors have two more days to invest in this IPO. HMA Agro Industries is India’s largest buffalo meat exporter company. It has gained 0.56 times in the first two days since the issue opened. While the retail share is 0.39 times full.
The price band of Rs 555 to Rs 585 has been kept for HMA Agro Industries IPO. The lot size for retail investors is 25 shares. This means that at least 25 shares or multiples thereof have to be bid for. Market insiders say that the gray market premium (GMP) in HMA Agro Industries is stable since last two days and currently the gray market premium is Rs 25 per share.
The allotment of shares in this public issue will be done on June 29. The shares will be returned to those who have not received the shares on June 30. The shares will be credited to the demat account of the shareholders on 3rd July. The listing of the shares is likely to happen on July 4.
Since the lot size for retail investors is 25 shares, they need to invest at least Rs 14,625. A maximum of 13 lots can be applied for. Therefore, the maximum investment amount for retail investors will be 1.90 lakhs in which they can buy a maximum of 325 shares.
Experts say that despite the positive sentiment in the stock market, investors have not responded very well to this public issue. Gray market statistics prove this. The good thing about this company is that it has a very well established distribution network in about 40 countries.
The company has recently diversified its product portfolio and now includes frozen fish products. Apart from this, basmati rice has been included. Now he can include poultry and other agricultural products in his business. An upper price band of Rs 585 has been kept in this IPO, so there can be profit on listing.
