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News Details

08/06/2023 13:50

HMA Agro Industries announces launch of initial public offering

HMA Agro Industries Ltd. has announced public offering of 8205128 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 575.00 per share. The gross proceeds of the issue are expected to be Rs 48,000.00 lakhs.

The company's initial public offer (IPO) will open on 20 June 2023 and is expected to close on 23 June 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 555.00-585.00 per share.

The IPO includes a fresh Issue of 8205128 Equity Shares of the Company at an price of Rs 585.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 25 shares with bids in multiples of 25.

HMA Agro Industries Ltd. anticipates using the proceeds of the issue for ) Funding working capital requirements of the Company

) General Corporate Purpose.

Aryaman Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.