This Company's Financials and Growth Prospects are good. But the pricing at 4.86 PB and 23.48 P/E is a concern as there are no peers to compare with. Downward risk is although low. QIB and MF response on last day is to watchout for.
A business with no peers to compare with is a tricky one. HMA Agro is one of the largest buffalo meat exporters, which is a profitable business and I see PAT growing YoY. A section of investors will stay away from this due to religious concerns, so it's possible that institutions will lap it up. While GMP isn't high, I believe the subscriptions will be a good indicator whether to apply or not.
I'm mostly concerned about the imbalance in the equilibrium of the scrip once it lists. OFS part is higher than fresh issue (31%) but the valuations are decent. A forward PE of ~25 leaves some room for a listing pop but the GMP (2%) doesn't stoke any excitement.
I'll apply for 1 retail lot if QIB crosses 30x on day 3. Thanks.
@Crow missing ipo reviews from you these days.Will request you to give valuable opinion on every upcoming mainboard ipos. I am also requesting @Monster Zero and @lokes to give their opinion also.
@Kousik Chakravarti, thank you for your concern. I try to share my thoughts but recently I have received harsh comments on my takes. Some of us want to know if an IPO will give a listing gain. That's all that matters for them. The problem is no one can predict the market and so the blame goes to those who share reviews. Dilip ji also received some flak recently for his views.
I'm in the primary market for over a decade and the only think that matters is this: limiting your losses.
177.6. Prasen Ipo| Link| Bookmark|
June 24, 2023 2:34:03 PM
Top Contributor (300+ Posts, 100+ Likes)
@crow Please give your valuable analysis .. it is helpful for us ....
Sold principal at 650. 11% profit (2 shares) kept for longterm. A very good listing considering the negative sentiments and non-participation from certain regions. Thanks.
177.10. Cyclodium| Link| Bookmark|
July 4, 2023 2:25:55 PM
Top Contributor (600+ Posts, 100+ Likes)
he applied in retail 1 lot so he got only 25 shares and out of which he sold 23 to recover the principal amount and 2 share is the profit which he has not sold.
The pre Issue equity of 47.51 cr is said to be 100% owned by the Promotors. The post issue Equity is 50.08 cr. So post issue Promotor holding will be about 95%. But in Mr Dilip Davda review , post issue Promotor Holding is mentioned as 84%. Can someone pl clarify?
Eagleye man please comment on this IPO too . As your suggestion is most valuable at this platform.so please come forward and clear the doubts of investors.
@Admin @ Chittorgarh.com Pl post all available Brokerage and Analysts reviews about HMA IPO. Only Mr DD report has been posted so far.
169. Trueinfo| Link| Bookmark|
June 20, 2023 10:01:23 AM
IPO Guru (1800+ Posts, 1700+ Likes)
No share can give good listing gain where our Gujrati brothers are not interested. This IPO appears to be the one which is not favoured by them due to its type of business. Everyone needs to be careful.
If people doesnt apply this IPO because of killing animals , there are lot of others also in the same line of business like Godrej, ITC who manufacture chicken nuggets and other non veg items, ShrimpFish companies like Apex frozen which are being lapped up by lot of same investors.
Just my opinion.
Note: I might apply for listing gains( 1-2 retail application or 1 big retail based on subscription
saanduli what happened after IT raids? Did they arrested anyone? Was HMA group the only unlisted company which was Raided by IT? Why UP govt did not close this company if illegal? How can they open new plant in Agra without UP govt approval? Do you have any sense
165. Smile✍️| Link| Bookmark|
June 19, 2023 9:04:23 PM
IPO Guru (1600+ Posts, 900+ Likes)
Financial ok ok Achor not encouraging Gmp very marginal call Will apply in rii via upi. Final mandate acceptance: on basis of sub figure
HMA also exports - Pinapple , Anaar , Mengo, Lychii, Bannana, Goldan applue , Red Applpue , Gala applue. One of the world finest Basmati Ricce exporters. Chikun/Fisuh export starting soon... Pulses will be staring year end also. Calculaition = Buffeleo meat ----------------------------------- === 90 % Veg Compdany
Frutis +Basmati+ Chick+ Fish+ Pulies
Mulibagger stcok.....All to buy ......do not msss. Listing will be 1200 +++. Feture good good.
Hindi me baat karne ka dum nahi he English type karte aata nahi Isliye "kayro" ki tarah urdu me type kar raha he
Tere jaise kitne bhi aa gaye na fir bhi ye avoid hi rahega Thank for showing your ethics , your teachings and exhibiting yourselves in the forum .
But still if you want to start your new capital market innings, we will still help you and resolve your doubts forgetting your earlier messages NO OFFENSE
Maybe people will apply on lower price band to show enough subscription and create Euphoria But I genuinely state to be cautious , our honest (mehnat ka paisa) should not get contaminated in such company