HMA Agro Industries IPO listing: Stock lists at a premium of 7% on NSE
IPO Listing Today: Shares of HMA Agro Industries Ltd listed on the bourses at a premium on Tuesday. On the NSE, the stock was listed at ₹625 per share, 7 percent higher than the issue price, and on the BSE, the stock was listed at ₹615 per share, same as the issue price. The company fixed the price band at ₹555 to ₹585 per equity share for the proposed initial public offer.
On Day 4 of the subscription, the issue received overall a positive response from Non Institutional Investors (NIIS) who subscribed to the issue 2.97 times, followed by Qualified institutional buyers' (QIBs) portion subscribed 1.74 times, retail investors who subscribed to the issue 96% . The issue was subscribed 1.62 times. The public issue that opened for subscription on Tuesday, June 20, will closed on Friday, June 23. On Monday, June 19, the company raised ₹144 crore by allocating 24,61,537 shares to anchor investors.
A number of investors, including Craft Emerging Market Fund PCC, Minerva Ventures Fund, Forbes EMF, Coeus Capital Opportunities Fund, Radiant Global Fund, and Absolute Returns Scheme, took part in the anchor book. HMA Agro IPO: Issue subscribed 98% on Day 3; check details The largest investor among them is Craft Emerging Market Fund PCC, which has invested ₹70 crore through Citadel Capital Fund and Elite Capital Fund in HMA Agro. The minimum bid is 25 equity shares, and all subsequent bids must be made in multiples of 25 shares.
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