HMA Agro Industries IPO

HMA Agro Industries is the flagship company of HMA Group, which has been in the meat industry for over four decades. The company has been recognized as a three star export house by Government of India.

The company is currently among the largest exporters of frozen buffalo meat products from India and account for more than 10% of India’s total export of frozen buffalo meat, according to its red herring prospectus. The company’s products are mainly packaged under the brand name “Black Gold”, “Kamil” & “HMA” and exported to over 40 countries.

The company along with its subsidiaries have four fully integrated packaged meat processing plants. The processing plants are located at Aligarh, Mohali, Agra and Parbhani. The company is also in the process of setting up their fifth fully integrated meat product processing unit at Haryana. They are also in advanced stages to acquire an additional plant at Unnao and expect to complete this acquisition by Q2 of FY24. With this, its total in-house meat product processing capacities would be more than 4,00,000 metric tons per annum spread over six different owned plants by FY 2023-24. Further, the company also own two additional secondary level meat processing units at Jaipur and Manesar.

The company has a robust export business and well-established distribution channels across 40 countries. It also plans to diversify their product portfolio by adding frozen fish products, basmati rice and also aims to start poultry and other agri products as business verticals.