Mukka Proteins IPO is a MAIN BOARD IPO. They are going to raise ₹224 Crores via IPO. The issue is priced at ₹26 to ₹28 per equity share. The IPO is to be listed on NSE, BSE
Mukka Proteins IPO opens for subscription on February 29, 2024, and closes on March 04, 2024. The allotment for the Mukka Proteins IPO is expected to be finalized on March 05, 2024. Mukka Proteins Limited IPO will list on BSE, NSE with tentative listing date fixed as 07 March 2024.
| Mukka Proteins Limited Details | Allotment |
| Minimum Investment ₹14,980 / 1– Lot (535 shares) | Price Range ₹26-₹28 | |
| Max Quantity 13-Lots/ (6,955 Shares) | Max Investment ₹194,740 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 224 Cr | Employee Discount ₹ |
| Total Issue Size 80,000,000 Shares (Aggregating up to ₹224.00 Cr) | Share Holding Pree Issue 220,000,000 | Issue Type Book build Issue IPO |
| Fresh Issue Share 80,000,000 Shares (Aggregating up to ₹224.00 Cr) | Share Holding Post Issue 300,000,000 | Listing At BSE, NSE |
| Offer For Sale | Face value ₹1 |
IPO Dates
| Offer Starts | 26 Feb 2024 |
| Offer Ends | 04 March 2024 |
| Allotment | 05 March 2024 |
| Refunds | 06 March 2024 |
| Credit of shares to Demat account | 06 March 2024 |
| IPO Listing | 07 March 2024 |
About Mukka Proteins Limited
Incorporated in March 2003, Mukka Proteins Limited manufactures fish protein products.
The company produces and supplies fish meal, fish oil and fish soluble paste, which are essential ingredients for the production of aqua feed (for fish and shrimp), poultry feed (for broilers and layers) and pet food (for dog and cat food).
The company exports its products to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.
The company currently operates six production facilities, including four in India and two in Oman, which are held by its foreign subsidiary Ocean Aquatic Proteins LLC. In addition, the company operates three blending plants and five storage facilities, all of which are located in India. All of the company’s facilities are strategically located near the coast.
Consistently being awarded by MPEDA, during the last 7 years for their export performance, inter alia, including outstanding performance in the export of fish meal, fish oil, and allied products for Fiscal 2021, Fiscal 2020, and Fiscal 2019, Mukka Proteins believe that they are one of the key players of the Fish Protein industry in India.
| Incorporated in | Managing Director |
| 2003 | Mr. |
Mukka Proteins Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Mukka Proteins Limited IPO Lot Size
Mukka Proteins Limited IPO minimum market lot is shares with ₹ application amount. The retail investors can apply up-to lots with shares or ₹ amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 535 | ₹14,980 |
| Retail (Max) | 13 | 6,955 | ₹194,740 |
| S-HNI (Min) | 14 | 7,490 | ₹209,720 |
| S-HNI (Max) | 66 | 35,310 | ₹988,680 |
| B-HNI (Min) | 67 | 35,845 | ₹1,003,660 |
Share Holding
| Share Holding Pre-Issue | 100% |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹1,183.80 | ₹776.15 | ₹609.95 |
| Assets | ₹575.16 | ₹392.20 | ₹353.93 |
| Profit | ₹47.53 | ₹25.82 | ₹11.01 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | 840 Cr | ROE | 36.71% |
| P/E (X) | 12.96 | ROCE | 17.62% |
| POST P/E (X) | 12.73 | EPS | 2.16 |
| Debt to Equity | 1.64 | RONW | 34.19% |
Objects of the Issue
- Funding working capital requirements of the Company.
- Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements.
- General corporate purposes
Brokerage Firm IPO Review
- To be updated soon
| Mukka Proteins Limited Contact Details | |
| Address | Mukka Proteins Limited Mukka Corporate House, Door, No. 18-2-16/4, First Cross, NG Road, Attavar Dakshina, Kannada, Mangaluru – 575 001 |
| Phone: | +918244252889 |
| cs@mukkaproteins.com | |
| Website | https://www.mukkaproteins.com/ |
| Mukka Proteins Limited IPO Lead Managers | |
| Address | Fedex Securities Limited 305 Enterprise Center, Nehru Road, Vile Parle East, Mumbai – 400 099 |
| Phone | 022 2613 6460 / 2613 6461 |
| Website | http://www.fedsec.in/ |
| Mukka Proteins Limited IPO Registrar | |
| . | Cameo Corporate Services Limited |
| Phone | +91-44-28460390 |
| priya@cameoindia.com | |
| Website | https://ipo.cameoindia.com/ |
| Mukka Proteins Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click Here |
Mukka Proteins Limited IPO FAQs
What is Mukka Proteins Limited IPO?
- Mukka Proteins Limited IPO is a MAIN BOARD IPO. They are going to raise ₹224 Crores via IPO. The issue is priced at ₹26 to ₹28 per equity share. The IPO is to be listed on NSE, BSE
When Mukka Proteins Limited IPO will open?
- The IPO is to open on February 29, 2024, for QIB, NII, and Retail Investors.
What is Mukka Proteins Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Mukka Proteins Limited IPO Size?
- Mukka Proteins Limited IPO size is ₹224 crores.
What is Mukka Proteins Limited IPO Price Band?
- Mukka Proteins Limited IPO Price Band is ₹26 To ₹28 per equity share.
What is Mukka Proteins Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1-Lot (535 Shares) with ₹14,980. and Maximum Lot Size 13-Lots (6,955 Shares) with ₹194,740
What is Mukka Proteins Limited IPO Allotment Date?
- Mukka Proteins Limited IPO allotment date is March 05, 2024.
What is Mukka Proteins Limited IPO Listing Date?
- Mukka Proteins Limited IPO listing date is March 07, 2024. The IPO to list on NSE, BSE.