Mukka Proteins IPO: Mukka Proteins IPO has opened today, February 29, 2024, and will close on March 4, 2024. The price band for the IPO has also been set. In this article, we will give into the details of the Mukka Proteins IPO.
Mukka Proteins IPO
This month, several IPOs have hit the market, but not all IPOs result in profits for investors. However, the IPO we are discussing today is Mukka Proteins Limited IPO. The fish meal company Mukka Proteins' IPO opened for subscription on February 29, 2024, and will close on March 4, 2024.
| IPO Open Date | thursday, 29 february 2024 |
| IPO Close Date | monday, 4 march 2024 |
| Price Band | ₹26 to ₹28 per share |
| Lot Size | 535 share |
| Fresh Issue | 80,000,000 share |
| Basis of Allotment | Tuesday, 5 Mar 2024 |
| Listing Date | Thursday, March 7, 2024 |
| Face Value | ₹1 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Price Band and Lot Size
The price band for the Mukka Proteins IPO has been set at ₹26 to ₹28 per share. The lot size for the IPO is 535 shares. Retail investors will need to invest a minimum of ₹14,980 in this IPO. Retail investors can bid for shares from one lot up to thirteen lots.
Mukka Proteins IPO Allotment
The allotment for the Mukka Proteins IPO is expected to be finalized on Tuesday, March 5, 2024. Refunds will be issued on March 6, 2024. FedEx Securities Private Limited is the book running lead manager for the IPO, while Cameo Corporate Services Limited is the registrar of the issue.
Mukka Proteins IPO Listing
The listing of the Mukka Proteins IPO is scheduled for Thursday, March 7, 2024. The IPO will be listed on the BSE and NSE. Kalan Mohamad Haris, Kalan Mohamad Arif, and Kalan Mohamad Althaf are the promoters of the company.
Mukka Proteins IPO Size
The Mukka Proteins IPO is a book built issue worth ₹224.00 crores. This issue comprises a fresh issue of 8 crore shares.
Mukka Proteins IPO GMP
According to Investor Gen's report, the Mukka Proteins IPO is trading at a premium of ₹15 in the grey market today. This implies that investors could potentially earn a profit of 50% on the first day itself. Based on this, the listing could be at a premium of ₹43.
Company Profile
Mukka Proteins Limited was founded in March 2003. Mukka Proteins is the largest producer of fish meal and fish oil in the country. The company not only sells its products nationwide but also engages in fish meal exports to more than 15 countries.
Based in Mangalore, Mukka Proteins is one of the leading companies in the fish protein industry in India. The company manufactures fish meal, fish oil, and fish soluble paste, which are essential ingredients in aqua feed, poultry feed, and pet food manufacturing. Currently, the company operates 6 plants nationwide. Mukka Proteins contributes 45-50% of the market share in the revenue of the fish meal and fish oil industry. The company's annual production capacity for fish meal, oil, and paste is 1.52 lakh metric tons.
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