15-Dec-2023
2 mins read
The Initial Public Offering (IPO) for Mukka Proteins is planned as a book-built issue consisting entirely of a new issuance of 8 crore shares. The specific dates for the Mukka Proteins IPO have not been announced yet. Similarly, the price range for the IPO is still to be determined. Fedex Securities Pvt Ltd has been appointed as the book-running lead manager for this IPO, and Cameo Corporate Services Limited will serve as the registrar for the offering.
Mukka Proteins Limited Product Portfolio
Mukka Proteins Limited, established in March 2003, specialises in producing fish protein products. Mukka Proteins Limited’s range of products encompasses fish meal, fish oil, and fish soluble paste. These products are essential ingredients in the production of aqua feed (utilized for fish and shrimp), poultry feed (suitable for both broilers and layers), and pet food (particularly designed for dogs and cats). The company’s reach is international, with its products being exported to over ten countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. As of March 31, 2023, Mukka Proteins Limited employed 385 people across various sectors, including technical and support staff, administration, management, and operations.
Mukka Proteins Limited operates six production units, four in India and two in Oman, through its foreign subsidiary Ocean Aquatic Proteins LLC. Additionally, the company manages three blending plants and five storage facilities in India. All its facilities are conveniently situated near coastal areas.
The company holds certifications from NQA and UKAS for ISO 22000:2018 and ISO 9001:2015 management system standards. As of December 31, 2022, Mukka Proteins Limited also has agreements for the supply of fishmeal and fish oil with third-party manufacturing facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra), and Ratnagiri (Maharashtra).
The Objectives of Mukka Proteins Limited IPO
The company aims to allocate the net proceeds from the Issue for several key purposes. These include providing financial support for its working capital needs, investing in its associate, Ento Proteins Private Limited, specifically to assist with its working capital requirements, and various general corporate objectives.
Financial Performance of Mukka Proteins Limited (In Crore)
Between the fiscal years ending on March 31, 2022, and March 31, 2021, Mukka Proteins Limited witnessed a revenue growth of 27.25% and a substantial increase in its profit after tax (PAT) by 134.5%.
| Period Ended | 31-Mar-22 | 31-Mar-21 |
| Assets | 392.3 | 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 | 60.8 |
| Total Borrowing | 173.5 | 159.19 |
Important Details for Mukka Proteins Limited IPO
| IPO Date | Yet to be announced |
| Listing Date | Yet to be announced |
| Face Value | Re 1 per share |
| Price | Yet to be announced |
| Lot Size | Yet to be announced |
| Total Issue Size | 80,000,000 shares |
| Fresh Issue | 80,000,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 220,000,000 |
| Shareholding post issue | 300,000,000 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Promoters of the Company
Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf are the promoters of the company.
Mukka Proteins Limited IPO Promoter Holding
| Shareholding Pre Issue | 100% |
| Shareholding Post Issue |
Mukka Proteins Limited IPO Lead Manager
The lead manager of the company is Fedex Securities Pvt Ltd.
How to Apply for Mukka Proteins Limited IPO
Wait for the public Issue to open for subscription, then click on this link to apply for the Mukka Proteins Limited IPO with Bigul: https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of Credo Brands Marketing Limited IPO
The registrar for Mukka Proteins Limited IPO is Cameo Corporate Services Limited. To check your allotment status, please click on this link: https://ipo.cameoindia.com/.
FAQs
- What is Mukka Proteins Limited IPO?
Mukka Proteins Limited IPO is a book-built issue consisting of a fresh issue of 8 crore shares. The IPO dates and price bands are yet to be announced.
- Who are the lead managers and registrars of the IPO?
Fedex Securities Pvt Ltd is the lead manager, and Cameo Corporate Services Limited is the registrar of the IPO.
- What products does Mukka Proteins Limited manufacture?
The company specializes in fish protein products, including fish meal, fish oil, and fish soluble paste, used in aqua feed, poultry feed, and pet food.
- What are the objectives of the IPO?
The IPO aims to fund the company’s working capital requirements and invest in associate Ento Proteins Private Limited for general corporate purposes.
- What is the financial performance of Mukka Proteins Limited?
The company saw a 27.25% increase in revenue and a 134.5% rise in PAT between FY 2021 and FY 2022.
- How can I apply for the Mukka Proteins Limited IPO?
You can apply for the IPO via this link once the public issue opens for subscription.
- How do I check the allotment status of the IPO?
Check your allotment status through Cameo Corporate Services Limited here.
- Who are the promoters of Mukka Proteins Limited?
The promoters are Kalandan Mohammed Haris, Kalandan Mohammad Arif, and Kalandan Mohammed Althaf.
- What changes will occur in shareholding post-IPO?
Shareholding details pre and post-IPO are yet to be fully disclosed.