HMA Agro Industries shares make a strong debut on bourses; here's what to do now

HMA Agro Industries shares made a strong debut in the secondary market on Tuesday, July 4, opening at Rs 615 apiece on BSE — a premium of more than five per cent over the upper end of the IPO price band. On NSE, the stock began its journey at Rs 625, a premium of 6.8 per cent. 

The listing of HMA Agro Industries — a food trade company — was in line with market wizard Anil Singhvi's expectations. 

The market debut comes after HMA Agro's IPO, to raise up to Rs 480 crore, concluded last month with an overall subscription of 1.6 times the equity on offer. The stock finished the listing day at Rs 580 apiece and Rs 579.2 apiece on BSE and NSE respectively.   

EDITOR'S TAKE | What market wizard Anil Singhvi recommends on HMA Ago Industries shares

Zee Business Managing Editor Anil Singhvi, who had predicted a strong listing for HMA Agro, at Rs 630-650-odd levels, said that those looking to protect their gains after the listing can hold on to HMA Agro shares with a trailing stop loss at Rs 600. 

HMA Agro IPO: Key things to know

Here's how different categories of investors participated in the HMA Agro IPO:

The IPO comprised fresh issuance worth Rs 150 crore as well as an offer for sale (OFS) worth Rs 330 crore by promoters and existing shareholders. Under the public offer, potential investors could bid for HMA Agro shares in a price band of Rs 555-585 apiece in multiples of 25, translating to Rs 13,875-14,625 per lot. Read more on HMA Agro Industries IPO

HMA Agro Industries is an exporter of meat products, offering a range of products under the brands Black Gold, Kamil and HMA.

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