HMA Agro Industries, a food trade company, made a strong debut on the bourses BSE and NSE on July 4.
HMA Agro Industries shares made a strong debut in the secondary market on Tuesday, July 4, opening at Rs 615 apiece on BSE — a premium of more than five per cent over the upper end of the IPO price band. On NSE, the stock began its journey at Rs 625, a premium of 6.8 per cent.
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The listing of HMA Agro Industries — a food trade company — was in line with market wizard Anil Singhvi’s expectations.
The market debut comes after HMA Agro’s IPO, to raise up to Rs 480 crore, concluded last month with an overall subscription of 1.6 times the equity on offer.
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Zee Business Managing Editor Anil Singhvi, who had predicted a strong listing for HMA Agro, at Rs 630-650-odd levels, said that those looking to protect their gains after the listing can hold on to HMA Agro shares with a trailing stop loss at Rs 600.
HMA Agro IPO: Key things to know
Here’s how different categories of investors participated in the HMA Agro IPO:
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| Investor category | Reservation | Subscription |
| Qualified institutional buyers | 50% | 1.7x |
| Non-institutional investors | 15% | 3x |
| Retail investors | 35% | 96% |
| Overall | 100% | 1.6x |
The stock will trade on bourses BSE and NSE with the symbol HMAAGRO.
The IPO comprised fresh issuance worth Rs 150 crore as well as an offer for sale (OFS) worth Rs 330 crore by promoters and existing shareholders. Under the public offer, potential investors could bid for HMA Agro shares in a price band of Rs 555-585 apiece in multiples of 25, translating to Rs 13,875-14,625 per lot.
HMA Agro Industries is an exporter of meat products, offering a range of products under the brands Black Gold, Kamil and HMA.
