The IPO of HMA Agro Industries Ltd is expected to have a softer listing on the stock market, according to the latest Grey Market Premium (GMP) signals. Although the IPO was subscribed 1.62 times overall, market observers note that the GMP has fallen significantly. A few days ago, the GMP was at a premium of ₹25 per share, but it has now dropped to ₹3, which is still in line with the IPO price band of ₹555 to ₹585 per equity share.
The HMA Agro Industries IPO opened for subscription on June 20th, 2023, and closed on June 23rd, 2023. The subscription figures show that it was subscribed 0.96 times in the retail category, 1.74 times in the Qualified Institutional Buyers (QIB) category, and 2.97 times in the Non-Institutional Bidder (NII) category.
For those who have applied for the IPO, it is advised to check the HMA Agro Industries IPO allotment status online. The applicant can log in to the BSE website or the official registrar of the public issue, which is Bigshare Private Limited. The allotment status can also be checked on the BSE link or the Bigshare link by entering the application number or PAN number.
It is important to note that although the current GMP suggests a softer listing, it does not necessarily reflect the long-term performance of the stock. Investors should carefully evaluate the fundamentals of the company before making any investment decisions.
Overall, the HMA Agro Industries IPO has generated moderate interest, and investors will now closely monitor its performance in the stock market.
