New Delhi: Shares of frozen meat exporter HMA Agro saw an uptick on May 16 2025 following news that its subsidiary HMA Natural Foods Private Limited had allotted 30.37 lakh equity shares through the conversion of a loan into equity. The stock opened at Rs 33.05 on the BSE up from the previous close of Rs 32.91 and further climbed to a high of Rs 33.70 marking a gain of 2.40 per cent. The stocks 52-week high is Rs 59.44 while the 52-week low stands at Rs 27.54. The company’s market capitalization is Rs 1684 crore. On the technical front HMA Agro’s stock is trading above the 5-day 20-day and 50-day moving averages but below the 100-day and 200-day moving averages. Equity Share Allotment by Subsidiary HMA Agro disclosed that its subsidiary HMA Natural Foods Private Limited had allotted 3037000 equity shares each with a face value of Rs 10 at an issue price of Rs 10 per share. The total allotment amounts to Rs 3.03 crore following the conversion of a loan into equity. The filing said Allotted 3037000 (Thirty Lakh Thirty-Seven Thousand) equity shares of face value ₹10 each at an issue price of ₹10 per share aggregating to ₹30370000 by way of conversion of loan into equity. HMA Agro clarified that the conversion pertains only to loans previously extended and does not involve any fresh infusion of capital into the company. HMA Agro which went public in 2024 had an IPO that was oversubscribed 1.62 times by the end of the subscription period on June 23. The Rs 480 crore IPO included a fresh issue of up to Rs 150 crore and an offer-for-sale of up to Rs 330 crore with a price range of Rs 555-585 per share. In addition domestic credit rating agency CARE Ratings has assigned the company a short-term rating of ‘CARE A2+’ for the financial year 2025-26.