HMA Agro IPO subscribed 32%
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries Limited subscribed 32 per cent on the first day of subscription on Tuesday.
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New Delhi: The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries Limited subscribed 32 per cent on the first day of subscription on Tuesday.
The Rs 480-crore IPO received bids for 19,66,875 shares against 60,54,054 shares on offer, according to NSE data. The category for non-institutional investors got subscribed to 55 per cent, while Qualified Institutional Buyers (QIBs) portion received 37 per cent subscriptions and Retail Individual Investors (RIIs) 20 per cent. The initial public offer has a fresh issue aggregating up to Rs 150 crore and an offer of sale of up to Rs 330 crore. The price range for the offer is Rs 555-585 a share. Aryaman Financial Services is the manager to the offer.
