Mukka Proteins Limited

29 Feb 2024 - 04 Mar 2024 Individual Category NSE

Min Investment

₹27820

Price Band

₹26-₹28

Issue Size

560 lakhs
Equity Shares

Lot Size

535 (per lot)

IPO Dates
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29 Feb 2024

Open Date

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04 Mar 2024

Close Date

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05 Mar 2024

Allotment Date

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07 Mar 2024

Listing Date

Mukka Proteins Limited is coming up with its Initial Public Offer. This IPO is open for subscription from Thursday, February 29, 2024 and will close on Monday, March 4, 2024. The price band of this IPO is Rs 26 to Rs 28 per share. However, the face value is Rs 1 per share. It is a booking-built issue of Rs 224 crores and it is completely a fresh issue. The minimum lot size of this application for the retail category is 535 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 7,490 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 35,845 shares. The minimum amount of investment required for retail category investors is Rs 14,980 ( 28 x 535 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,720 ( 28 x 7,490 shares); for big non-institutional investors, it is Rs 10,03,660 (28 x 35,845 shares). The allotment for this IPO is expected to be finalised on Tuesday, March 5, 2024. The listing date of Mukka Proteins IPO is Thursday, March 7, 2024. The listing will be at BSE as well as on NSE. The lead managers for this IPO is Fedex Securities Private Limited. The registrar for this issue is Cameo Corporate Services Limited.

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About Mukka Proteins Limited

Mukka Proteins Company incorporated in March 2003, engaged in the business of manufacturing fish protein products. They produce and supply fish meal, fish oil and fish soluble paste which is an essential ingredient for the production of the aqua feed, poultry feed and pet food. Mukka Proteins is awarded with the MPEDA, for their outstanding performance in the export of fish meal and fish oil and allied products. Company believes that they are one of the main players of the fish protein industry in India. Company exports its product over ten countries including, Bangladesh, Indonesia, Malaysia, Myanmar, China, Philippines, South Arabia, South Korea, Bahrain, Vietnam, Taiwan, Chile, Oman. Mukka Proteins operates six production facilities, 4 in India and 2 in Oman which are held by its foreign subsidiary Aquatic Proteins LLC. Moreover, the company also operates three blending plants and five storage facilities all located in India. As per record the company employed 385 people from various departments including administration, technical and support staff, management and operations.

Founded

2003

Managing Director

Parent Organization

IPO Objectives

The funds raised from this Initial Public Offering will be used to meet the W.C requirements. Moreover, the proceeds will be used to invest in the associate company – Ento Proteins Private Limited and fulfilling its working capital requirements. Other than this, general corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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