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HMA Agro Industries shares list at a premium of 7% on NSE

Jul 4, 2023

By: BlinkX Research Team

Shares of HMA Agro Industries Ltd listed on the bourses at a premium on Tuesday. On the NSE, the stock was listed at Rs 625 per share, 7% higher than the issue price. 

On the BSE, the stock was listed at Rs 615 per share, the same as the issue price.

The company fixed the price band at Rs 555 to Rs 585 per equity share for the proposed initial public offer.

On the last day of subscription, the issue received an overall positive response from Non-Institutional Investors (NIIS) who subscribed to the issue 2.97 times, followed by Qualified institutional buyers (QIBs) portion subscribed 1.74 times, retail investors who subscribed to the issue 96%. The issue was subscribed 1.62 times.

The public issue that opened for subscription on Tuesday, June 20, will be closed on Friday, June 23.

On June 19, the company raised Rs 144 crore by allocating 24,61,537 shares to anchor investors.

A number of investors, including Craft Emerging Market Fund PCC, Minerva Ventures Fund, Forbes EMF, Coeus Capital Opportunities Fund, Radiant Global Fund, and Absolute Returns Scheme, took part in the anchor book.

Bigshare Service is the Registrar issue, and Aryaman Financial Services is the sole Book Running Lead Manager.

Source: Media reports