HMA Agro Industries' IPO saw strong demand from qualified institutional buyers and non-institutional investors, with a subscription rate of 84% on Day 3. However, retail interest was weaker at just 46%. The company's shares were commanding a GMP of Rs 24, indicating the listing trend, but market sources caution that it is subject to rapid change. The IPO comprises a fresh issue of equity shares up to Rs 150 crore and an offer for sale of Rs 330 crore by promoters and selling shareholders, with Aryaman Financial Services as the sole book-running lead manager.
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India , Avinash Gorakshakar , Bigshare Service , Agro Industries , Hma Agro Industries , Aaryaman Financial Services , Profitmart Securities , Financial Services ,
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