The Mukka Proteins IPO date has been confirmed from February 29, 2024 and closes on March 4, 2024. Read the post to learn about Mukka Proteins IPO GMP.
Mukka Proteins utilized an IPO to secure Rs 224.00 crores via a book building mechanism. Each share is valued between ₹26 and ₹28. To proceed with the application, you’ll need a minimum lot size of 535 Shares. A minimum investment of ₹14,980 is mandatory for retail investors. Investors interested in sNII must invest a minimum of 14 lots (7,490 shares), requiring ₹209,720, while for bNII, the minimum is 67 lots (35,845 shares), totaling ₹1,003,660.
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Bidding Dates
Feb 29-Mar 4
Price Range
₹26 to ₹28 Per Share
Face Value
₹1 per share
GMP
₹35
Mukka Proteins IPO GMP
The Mukka Proteins Limited IPO GMP Today is ₹35.
IPO Overview
Mukka Proteins is offering an IPO through book-building, amounting to Rs 225.00 crores. Mukka Proteins’ IPO opens on February 26, 2024, and closes on February 28, 2024. The Mukka Proteins IPO allotment is set to conclude by Thursday, February 29, 2024.
Expect Mukka Proteins IPO to be listed on the BSE and NSE starting Monday, March 4, 2024. Investors can purchase Mukka Proteins IPO shares at a price range of ₹26 to ₹28 per share. Mukka Proteins Limited IPO GMP Today is ₹35.
Mukka Proteins IPO Details
| IPO Date | February 26, 2024 to February 28, 2024 |
| Listing Date | March 7, 2024 |
| Face Value | ₹1 per share |
| Price | ₹26 to ₹28 per share |
| Lot Size | 525 |
| Total Issue Size | [.] shares (aggregating up to ₹225.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹225.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 220,000,000 |
| Share holding post issue | 300,000,000 |
Mukka Proteins Financial Performance
| Period Ended | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 392.30 | 353.93 |
| Revenue | 776.15 | 609.95 |
| Profit After Tax | 25.82 | 11.01 |
| Net Worth | 776.15 | 609.95 |
| Reserves and Surplus | 68.51 | 60.80 |
| Total Borrowing | 173.50 | 159.19 |
| Amount in ₹ Crore | ||
Mukka Proteins IPO Dates & Listing Performance
| IPO Open Date | Monday, February 26, 2024 |
| IPO Close Date | Wednesday, February 28, 2024 |
| Basis of Allotment | Thursday, February 29, 2024 |
| Initiation of Refunds | Friday, March 1, 2024 |
| Credit of Shares to Demat | Friday, March 1, 2024 |
| Listing Date | Monday, March 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2024 |
Company Profile
Founded in March 2003, Mukka Proteins Limited is a company that manufactures fish protein products. This corporation specializes in the manufacture and provision of fish meal, fish oil, and fish soluble paste, crucial elements indispensable in the production of aqua feed (for fish and shrimp), poultry feed (for broilers and layers), and pet food (for dogs and cats). The company exports to more than ten countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, the Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. As of March 31, 2023, the company employed 385 people across
multiple divisions, including technical and support workers, administration, management, and operations. The company now has six production facilities, four in India and two in Oman, which are owned by its foreign affiliate Ocean Aquatic Proteins LLC. In addition, the company runs three blending plants and five storage facilities, all in India. All of the company’s facilities are conveniently placed near the coast. NQA and UKAS have certified the company to ISO 22000:2018 and ISO 9001:2015 management system standards, respectively. The company had contractual obligations with third-party manufacturing plants in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra), and Ratnagiri (Maharashtra) for the supply of fishmeal and fish oil, as of December 31, 2022.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | priya@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Mukka Proteins Limited |
| Phone number | +918244252889 |
| Email ID | cs@mukkaproteins.com |
| Website | mukkaproteins.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
