Mukka Proteins limited IPO, Rs 224.00 crores: Lot size, price band, Allotment date, Listing Date and more

Mukka Proteins Limited IPO (Mukka Proteins IPO) Detail-

Mukka Proteins IPO GMP: Shares of Mukka Proteins, which Gopal Snacks owns, are trading for a substantial premium, according to a number of websites that monitor grey market activity. Check here for the most recent GMP, price band, lot size, allotment date, and more.

Mukka Proteins IPO Latest GMP:

The shares of Mukka Proteins Limited are commanding a strong premium in the primary markets. The three-day subscription window for the Mukka Proteins IPO, which opened on February 29, 2024, will close on Monday, March 4, 2024.

The book-built IPO of Rs 224.00 crores is Mukka Proteins. This is a completely new 8 crore share offering.

The IPO for Mukka Proteins will close today, March 4, 2024, and take subscriptions until February 29, 2024. On Tuesday, March 5, 2024, the allocation for the Mukka Proteins IPO is anticipated to be completed. Mukka Proteins Initial Public Offering (IPO) is scheduled to go live on the BSE and NSE on Thursday, March 7, 2024.

A price range of ₹26 to ₹28 per share has been set for Mukka Proteins’ IPO. Applications must have a minimum lot size of 535 shares. For retail investors, a minimum investment of ₹14,980 is needed. A minimum lot size investment of ₹209,720 for sNII and ₹1,003,660 for bNII is 14 lots (7,490 shares) or 67 lots (35,845 shares).

Mukka Proteins IPO Details-

With a face value of Re 1, 8,00,00,000 equity shares are being issued fresh as part of the ₹224 crore Mukka Proteins IPO. There is no offer-for-sale component to this offering.

As stated in the red herring prospectus (RHP), the issue’s proceeds will be used for working capital needs of the business, general corporate purposes, and investments in their affiliate, Ento Proteins Private Limited.

Three promoter directors who are actively involved in the business—Kalandan Mohammed Haris, Kalandan Mohammed Arif, and Kalandan Mohammed Althaf—are important individuals in the corporation.

Fedex Securities Pvt Ltd is the book running lead manager for the Mukka Proteins IPO, while Cameo Corporate Services Limited is the registrar. According to the company’s RHP, its competitors are Waterbase Ltd., Zeal Aqua Ltd., Godrej Agrovet Ltd., Avanti Feeds Ltd., and P/E of 25.

Specifically, Mukka Proteins Limited experienced a 52.52% growth in revenue and an 84.07% increase in profit after tax (PAT) between March 31, 2022, and March 31, 2023.

Mukka Proteins IPO Timeline (Tentative Schedule):

Mukka Proteins IPO opens on February 29, 2024, and closes on March 4, 2024.

Mukka Proteins Limited About Us:

In the animal feeding industry, Mukka Proteins Limited is a company that produces fish meal, fish oil, and fish soluble paste. It also develops other proteins, like insect meal from black soldier fly (BSF).

With nearly 50 years of experience in the Indian marine industry, the Mukka Group is led by Mr. Kalandan Mohammed Haris, our Managing Director and CEO. The Mukka Group established one of the earliest steam-sterilized fishmeal mills in India, making it one of the industry pioneers.