HMA Agro Industries IPO GMP History
HMA Agro Industries IPO has been listed on July 4, 2023 at a listing price of ₹625, against the issue price of ₹585 — a gain of ₹40 (+6.84%). The GMP peaked at ₹25 on 20 June 2023 and reached a low of ₹8 on 3 July 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
HMA Agro Industries IPO raised ₹480 Cr. through its IPO at a price band of ₹555 to ₹585 per share, with a lot size of 25 shares. The IPO was open for subscription from 20 Jun 2023 to 23 Jun 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:52 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 03 Jul 2023 | ₹ 8 | ▼ | 1% | — | — |
| 30 Jun 2023 | ₹ 10 | — | 2% | — | — |
| 29 Jun 2023 | ₹ 10 | — | 2% | — | — |
| 28 Jun 2023 | ₹ 10 | — | 2% | — | — |
| 26 Jun 2023 | ₹ 10 | ▼ | 2% | — | — |
| 24 Jun 2023 | ₹ 15 | ▼ | 3% | — | — |
| 23 Jun 2023 | ₹ 20 | — | 3% | — | — |
| 22 Jun 2023 | ₹ 20 | ▼ | 3% | — | — |
| 21 Jun 2023 | ₹ 22 | ▼ | 4% | — | — |
| 20 Jun 2023 | ₹ 25 | ▲ | 4% | — | — |
| 19 Jun 2023 | ₹ 22 | ▲ | 4% | — | — |
| 17 Jun 2023 | ₹ 20 | — | 3% | — | — |
HMA Agro Industries IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 20 Jun 2023
- Close 23 Jun 2023
- Allotment 29 Jun 2023
- Refund/credit 30 Jun 2023
- Listing 04 Jul 2023
HMA Agro Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹585 |
|---|---|
| GMP-based estimate (pre-listing) | ₹593 (+1.4%) |
| Listing gain / loss | +₹40 per share |
| Listing date | 04 Jul, 2023 |
| Actual listing price | ₹625 (+6.84%) |
Is HMA Agro Industries IPO GMP reliable?
Grey market premium for HMA Agro Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the HMA Agro Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
HMA Agro Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for HMA Agro Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About HMA Agro Industries IPO
HMA Agro Industries Limited was incorporated on 9 April 2008. It is a three star export house and one of the largest exporters of buffalo meat in India, with more than 10% of the country's frozen buffalo meat exports.
Its products, mainly frozen deglanded buffalo meat, are self-branded and packaged under names such as Black Gold, Kamil and HMA, and are exported to over 40 countries.
It runs integrated meat processing plants at places such as Aligarh, Mohali, Agra and Parbhani, and secondary processing units at Jaipur and Manesar.
The IPO was Rs 480 crore, with Rs 150.00 crore of fresh issue and Rs 330.00 crore of offer for sale by promoters and a promoter group member. Rs 135.00 crore of the fresh money was planned for working capital.
Frequently asked
What is the GMP of HMA Agro Industries IPO?
The current Grey Market Premium (GMP) of HMA Agro Industries IPO is ₹ 8.
What is the Kostak Price of HMA Agro Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for HMA Agro Industries IPO is not available.
What is the Subject to Sauda Price of HMA Agro Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of HMA Agro Industries IPO?
HMA Agro Industries IPO listed on July 4, 2023 at ₹625, against the issue price of ₹585 — a gain of +6.84%.
How did the GMP of HMA Agro Industries IPO trend before listing?
The GMP of HMA Agro Industries IPO was falling in its final days before listing. The GMP peaked at ₹25 on 20 June 2023. View the day-wise table above for the complete GMP history.
Explore HMA Agro Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
