HMA Agro Industries IPO: How to check Allotment Status

The ₹498.16 crore IPO of HMA Agro Industries consisted of a combination of a fresh issue and an offer for sale. The response was moderate and it was subscribed 1.62X overall at the close of bidding on 23rd June 2023 with the QIB segment seeing 1.74 times subscription and the retail portion seeing just 0.96 times subscription. However, the HNI / NII portion of the IPO was subscribed 2.97 times. Within the HNI / NII segment, the demand was a lot more robust in the ₹10 lakhs plus category.

The basis of allotment will be finalized on 29th June 2023, the refunds will be initiated on 30th June 2023, demat credits will be finalized on 03rd July 2023, while the stock of HMA Agro Industries IPO will get listed on the NSE and the BSE on 04th July 2023. The company had a pre-IPO promoter holding of 100.00% and post the IPO, the promoter stake in HMA Agro Industries Ltd will stand reduced proportionately. On listing, the company will have an indicative market capitalization of ₹2,930 crore and the stock will be trading at a starting P/E ratio of 19.4X. Here is a gist of shares offered to anchor, QIB, HNI / NII and retail.

If you have applied for the IPO, there are two ways that you can check your allotment status online. You can either check your allotment status on the BSE (Bombay Stock Exchange) website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of HMA Agro Industries Ltd IPO on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option
• Under Issue Name – Select HMA Agro Industries Ltd from the drop down box
• Enter the Application Number exactly as in the acknowledgement slip
• Enter the PAN (10-digit alphanumeric) number
• Once this is done, you need to click on the Captcha to verify that you are not a robot
• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. You can either input the application number or you can input your PAN.

Once the data is inputted and the captcha verification is done, the allotment status will be displayed on the screen in front of you informing about the number of shares of HMA Agro Industries Ltd allotted into your demat account. It is suggested that you take a screenshot of this output page and store for future reference. You can verify the demat credit by the close of 04th July 2023.

Checking the allotment status of HMA Agro Industries Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select HMA Agro Industries Ltd from the dropdown box. The allotment status will be finalized on 29th June 2023, so in this case, you can access the details on the registrar website either late on 29th June 2023 or by middle of 30th June 2023. Once the company is selected from the dropdown box, you have 3 different methods to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip.
   
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where the account is held i.e. NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. After that you can click the Search Button in both cases.
   
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of HMA Agro Industries Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 04th July 2023.

To give you an idea of your chances of your getting allotment depending on the category you have invested, the final subscription status should help you.

The tepid response in terms of number of applications tells the story. Barring the HNI / NII segment, the other segments saw limited response and that should give an idea of the chances of allotment.