HMA Agro Industries Limited

HMA Agro Industries Limited was incorporated in 2008 and has grown into one of India's leading processors and exporters of frozen buffalo meat and related food and agro products. The company handles frozen deboned buffalo meat, prepared and frozen natural products, vegetables, cereals, seafood and pet food, and it markets its output under the Black Gold, Kamil and HMA brands. The company accounts for more than a tenth of India's total exports of frozen buffalo meat and ships its products to over 40 countries, with roughly 90 percent of sales coming from international markets. It has been recognised as a Star Export House by the Government of India and holds an estimated 10 to 11 percent share of the segment it operates in, with export volumes valued at close to half a billion US dollars. Production is spread across four fully integrated processing plants located in Aligarh, Mohali, Agra and Parbhani, supported by two additional meat processing units in Jaipur and Manesar. The company has been working to expand this footprint to six plants and to push its combined annual processing capacity beyond 400,000 metric tonnes, underpinning its position as a scaled, export-oriented player in India's meat processing industry.

The company raised about Rs 144 crore from anchor investors ahead of the issue opening, allotting roughly 24.6 lakh shares at the upper price band of Rs 585 per share. Craft Emerging Market Fund PCC led the anchor book, with other participants including Minerva Ventures Fund, Forbes Emerging Market Fund, Coeus Capital, Radiant Global Fund and an Absolute Returns Scheme.