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HMA Agro Industries IPO Subscription Status

HMA Agro Industries IPO was subscribed 1.71 times when bidding closed on 23 Jun 2023: QIB 1.84x, NII 3.13x, Retail 1.02x.

The HMA Agro Industries IPO has been subscribed 1.71x times overall. Retail investors have shown interest with bids for 1.02x the shares available. The Non-Institutional Investor (NII) category has been subscribed 3.13x. Within NII, Big HNI (B-HNI) subscribed 4.02x and Small HNI (S-HNI) subscribed 1.36x. Qualified Institutional Buyers (QIBs) have subscribed 1.84x. Data last updated on 10 Nov, 11:52 AM.

The IPO subscription period has ended. The issue opened on 20 Jun, 2023 and closes on 23 Jun, 2023. The shares are expected to list on stock exchanges on 04 Jul, 2023.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 11:52 AM
Category Bid details Times
QIB - of - - 1.84x
NII - of - - 3.13x
bHNI — bid amount above ₹10 Lakh
- - 4.02
sHNI — bid amount ₹2–10 Lakh
- - 1.36
Retail - of - - 1.02x
TOTAL - - 1.71x
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HMA Agro Industries IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 1
~98% chance per PAN — based on 1.02x subscription. Winners get exactly 1 lot (₹14,625) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
2 out of 3
~73.5% chance — based on 1.36x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 4
~24.9% chance — based on 4.02x subscription. Lottery allots the minimum NII application of 14 lots (₹2 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
1.84x
Proportionate allotment — at 1.84x, institutions receive ~54.3% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 98% for a single lot.

Day-wise subscription history

End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.

Date Total
23 Jun 2023
Day 4
1.71x ▼
QIB1.84x BHNI4.02x SHNI1.36x Retail1.02x
22 Jun 2023
Day 3
0.98x ▼
QIB1.04x BHNI2.72x SHNI0.33x Retail0.54x
21 Jun 2023
Day 2
0.55x ▼
QIB0.37x BHNI1.7x SHNI0.18x Retail0.38x
20 Jun 2023
Day 1
0.32x ▼
QIB0.37x BHNI0.78x SHNI0.07x Retail0.2x

HMA Agro Industries IPO dates

From the bidding window to listing. Today is 14 November.

Key dates Listed
  1. Open 20 Jun 2023
  2. Close 23 Jun 2023
  3. Allotment 29 Jun 2023
  4. Refund/credit 30 Jun 2023
  5. Listing 04 Jul 2023

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
CRAFT EMERGING MARKET FUND PCC - CITADEL CAPITAL FUND ₹36.00 Cr 25.00%
CRAFT EMERGING MARKET FUND PCC - ELITE CAPITAL FUND ₹34.00 Cr 23.61%
COEUS GLOBAL OPPORTUNITIES FUND ₹28.00 Cr 19.45%
RADIANT GLOBAL FUND ₹19.14 Cr 13.29%
FORBES EMF ₹11.01 Cr 7.64%
MINERVA VENTURES FUND ₹10.00 Cr 6.94%
ABSOLUTE RETURNS SCHEME ₹5.85 Cr 4.06%
TOTAL ₹144.00 Cr 99.99%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of HMA Agro Industries IPO?

As of IPO close date (23 Jun, 2023), the HMA Agro Industries IPO is subscribed 1.71x times. Retail category is 1.02x, and NII is 3.13x subscribed.

When is the allotment date for HMA Agro Industries IPO?

The allotment for HMA Agro Industries IPO is expected to be finalized on 29 June, 2023.

What is the GMP of HMA Agro Industries?

The Grey Market Premium (GMP) for HMA Agro Industries is currently ₹8, indicating a potential listing gain of 1%.

When will HMA Agro Industries IPO list on the stock market?

HMA Agro Industries is scheduled to list on BSE and NSE on 04 July, 2023.

What are the chances of getting allotment in HMA Agro Industries IPO?

The retail category is oversubscribed at 1.02x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 1.84x mean for HMA Agro Industries IPO?

Moderate — QIBs have subscribed 1.84x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check HMA Agro Industries IPO allotment status?

After the allotment date (29 Jun, 2023), you can check your HMA Agro Industries IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
1.71x
QIB
1.84x
NII
3.13x
bHNI
4.02x
sHNI
1.36x
Retail
1.02x
Full IPO details
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