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 IPO secured Rs 224.00 crores via a book-building mechanism. Each share is valued between ₹26 and ₹28. Mukka Proteins Limited IPO GMP Today is ₹35. You’ll need a minimum lot size of 535 Shares to proceed with the application. 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), totalling ₹1,003,660.
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Key Details Of Mukka Proteins IPO:
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.
Mukka Proteins IPO Overview
Mukka Proteins’ IPO is based on a book-building technique; the issuance size is Rs.225.00 crore. Mukka Proteins will kick off its public offering on February 26th, 2024, and close it on February 28th, 2024. The planned IPO allotment of Mukka Proteins Ltd. is proposed to conclude by Thursday, February 29th, 2024.
Our Mukka Proteins IPO, the initial public offering (IPO) of the company’s shares, will be listed on the BSE and NSE on Monday, March 4, 2024. By investing in the Mukka Proteins IPO, investors can own their shares, as the IPO has fixed the price range of their shares at ₹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
Mukka Proteins Limited, a business, has been in operation since March 2003. It is focused on fish protein production. This enterprise forms its chief output upon fish meal, fish oil, and fish soluble paste, which are the main aqua feed ingredients (for both fish and shrimp), poultry feed (for both layers and broilers) and pet food (for both dogs and cats). The company supplies to more than 10 countries: Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, the Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. To date, the current count as of 31st March 2023 is 385 people who were recruited and working for the company.
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, 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 the corporate facilities have good closeness to the sea. NQA and UKAS have certified the company to ISO 22000:the company fortified its leads by registering under ISO 9001:2015 and ISO 9001:2018. The company has contractual commitments with the C.Mychedlafish Control plant in Sasihithlu(Karnataka), Udupi(Karnataka), and for the supply of fishmeal and fish oil until December 31, 2022.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Mukka Proteins Limited |
| Phone number | +918244252889 |
| Email ID | [email protected] |
| 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.
Mukka Proteins IPO FAQs
When Mukka Proteins IPO will open?
The Mukka Proteins IPO opens on February 26, 2024 and closes on February 28, 2024.
What is the lot size of Mukka Proteins IPO?
Mukka Proteins IPO lot size is 525
When is Mukka Proteins IPO allotment?
The finalization of Basis of Allotment for Mukka Proteins IPO will be done on Thursday, February 29, 2024, and the allotted shares will be credited to your demat account by Friday, March 1, 2024.
When is Mukka Proteins IPO listing date?
The Mukka Proteins IPO listing date is March 4, 2024
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