HMA Agro Industries Limited | Globe Capital Market LTD.
HMA Agro Industries Limited
Price Band
₹555 to ₹585 per share
IPO Issue Period
Jun 20, 2023 to Jun 23, 2023
Issue Size
₹480.00 Cr
Face value
₹10 per share
Fresh issue
₹150.00 Cr
Offer for sale
₹330.00 Cr
Minimum Shares for Retail
Listing on
Issue Type
Book Building
Registrar to the Issue
Bigshare Services Pvt Ltd
Tentative Listing Date
Tuesday, 4 July 2023

Incorporated in 2008, HMA Agro Industries Limited is a food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.

HMA Agro Industries is one of the largest exporters of frozen buffalo meat products from India and accounts for more than 10% of India’s total export of frozen buffalo meat. The company’s products are packaged under the brand name “Black Gold”, “Kamil” & “HMA” and are exported to over 40 countries all over the globe.

The company has four fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, and Parbhani and is in the process of setting up a fifth fully integrated owned meat product processing unit in Haryana. The company is also in the process of acquiring an additional plant at Unnao by Q2 of FY 2022-23. These would make the total in-house meat product processing capacities to more than 4,00,000 metric tons p.a. spread over six different owned plants by Q2 of FY 2022-23.

HMA Agro Industries also owns two additional secondary level meat processing units at Jaipur and Manesar.

The facilities are approved for export to UAE, Iraq, Saudi Arabia, Oman, Bahrain, Jordan, Algeria, Egypt, Angola, Vietnam, Indonesia, Georgia, Malaysia, Combodia, and other Middle East, CIS, and African Countries, etc. Approximately 90% of the sales of the company are in the form of exports.

HMA GROUP has a total strength of around 25000 employees and works in excess of 10 workplaces and 5 working environments in India.

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue
Profit After Tax
OPM (%)


  1. Working capital requirements of the company, and
  2. General corporate purpose.
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