[ad_1]
© Reuters.
HMA Agro Industries Ltd., a government-recognized exporter of frozen buffalo meat and a world participant, has seen its board approve the corporate’s first-ever inventory cut up proposal on Wednesday, November 8, 2023. This resolution comes after a ultimate dividend payout in September. The fairness share face worth of ₹10 might be divided into ten shares every price ₹1, with the goal to boost liquidity and affordability, pending regulatory approval. The present market value stands at ₹664.95.
The inventory cut up follows the corporate’s preliminary public providing (IPO) in June 2023, the place it supplied its shares at ₹585 per share. The IPO was structured with a promoter provide on the market and a contemporary providing. The shares had been listed on BSE and NSE at ₹615 and ₹625 per share, respectively, on July 4th, buying and selling above the IPO’s higher value band and attaining a close to 6% premium. The IPO had a subscription price of 1.62 occasions and raised ₹480 crore (INR100 crore = approx. USD12 million).
On Thursday, November 9, 2023, shares opened at Rs 680 on the BSE however later traded decrease. The file date for the fairness share sub-division is but to be determined.
Within the second quarter of fiscal 12 months 2023-24, HMA Agro reported a complete earnings of ₹1,184.79 crore, representing a year-on-year progress of 56.3% and a quarter-on-quarter enhance of 23.3%. Nevertheless, regardless of a year-on-year rise of over 15%, the web revenue for this quarter decreased to ₹38.17 crore from the earlier quarter’s ₹42.72 crore.
The corporate’s shareholding distribution was reported throughout this era with promoters holding the bulk stake. The scrip’s 52-week highs and lows had been additionally famous, reflecting its buying and selling standing. The file date for the inventory cut up, authorized in the course of the July to September 2023 quarter, is but to be introduced.
This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.
[ad_2]
Source link
