HMA Agro Industries Ltd - IPO

HMA Agro Industries Ltd IPO Details

Initial public offering of 8,205,127* equity shares of face value of Rs. 10 each (Equity Shares) of HMA Agro Industries Limited (Company or Issuer) for cash at a price of Rs. 585 per equity share (including a share premium of Rs. 575 per equity share) (the Offer Price) aggregating to Rs. 480.00 crores (the Offer) comprising of a fresh issue of 2,564,102* equity shares aggregating to Rs. 150.00 crores (the Fresh Issue) and an offer for sale of 5,641,025* equity shares aggregating to Rs. 330.00 crores (the Offer for Sale), comprising an offer for sale of 2,051,281 equity shares aggregating to Rs. 120.00 crores by Wajid Ahmed, 837,607 equity shares aggregating to Rs. 49.00 crores by Gulzar Ahmad, 837,607 equity shares aggregating to Rs. 49.00 crores by Mohammad Mehmood Gureshi, 837,607 equity shares aggregating to Rs. 49.00 crores by Mohammad Ashraf Qureshi, 837,607 equity shares aggregating to Rs. 49.00 crores by Zulfiquar Ahmed Qureshi, (collectively, the Promoter Selling Shareholders) and 239,316 equity shares aggregating to Rs. 14.00 crores by Parvez Alam, (the Promoter Group Selling Shareholder) (the promoter selling shareholders and the promoter group selling shareholder, collectively, the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares). The offer constitute 16.39 % of the fully diluted post offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment.The face value of equity shares is Rs. 10 each and the offer price is 58.5 times of the face value of the equity shares.Bids canbe made for a minimum of 25 equity shares and in multiplesof 25 equity shares thereafter.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

HMA Agro Industries Ltd Contact Details

HMA Agro Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@hmaagro.com

Website - www.hmagroup.co