Mukka Proteins Limited IPO

Mainboard

Animal Feed

Listed On: Mar 7, 2024 at ₹ 40.0(NSE)

Exp. Premium: 32-35 (114.29%)

₹ 14980 /535 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Price Summary

Last Closing

40.25 (43.75%)

52 Week High

56.56

52 Week Low

30.00

Last Update

22-Nov-2024 3:30 PM

Mukka Proteins Limited IPO Details

29 Feb, 2024

Open Date

04 Mar, 2024

Close Date

05 Mar, 2024

Allotment Date

07 Mar, 2024

Listing Date

Issue Price

₹26-28 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Cameo Corporate Services Limited

List Price

40.0(NSE)

Listing Date

2024-03-07

Market Lot

Retail : 535 Shares (₹14,980/-)
sHNI : 7,490 Shares (₹2,09,720/-)
bHNI : 35,845 Shares (₹10,03,660/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

80,000,000 shares(aggregating up to ₹224.00 Cr

Retail Portion

35% (Number of Retail Applications: 52,336 Approx),
(Number of S-HNI Applications : 534 Approx),
(Number of B-HNI Applications : 1,068 Approx)

Subscription

136.89 times

IPO Docs

DRHP

Mukka Proteins Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	16,000,435	12,000,000 8,000,000 4,000,000	28,000,000	56,000,435
Day 1 - 29-02-24 05:00 PM	1.01 x	1.55 0.71 x 3.24 x	3.70 x	2.47 x
Day 2 - 01-03-24 05:00 PM	1.86 x	6.22 3.12 x 12.41 x	10.21 x	6.97 x
Day 3 - 04-03-24 05:00 PM	189.28 x	250.26 254.15 x 242.48 x	58.36 x	136.89 x

Total No. of Applications: 25,91,666 (Approx)

Mukka Proteins Limited Valuations

EPS Pre IPO

₹2.16/-

EPS Post IPO

₹2.20/-

P/E Pre IPO

12.96

P/E Post IPO

12.73

RoNW

34.19%

Mukka Proteins Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	575.16	392.30	353.93
Revenue	1,183.80	776.15	609.95
Profit After Tax	47.53	25.82	11.01

About The Company

Mukka Proteins Limited manufactures fish protein products. The company produces and supplies fish meal, fish oil and fish soluble paste, which are essential ingredients for the production of aqua feed (for fish and shrimp), poultry feed (for broilers and layers) and pet food (for dog and cat food).

The company exports its products to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.

As of March 31, 2023, the company employed 385 people from various departments, including technical and support staff, administration, management and operations.

The company currently operates six production facilities, including four in India and two in Oman, which are held by its foreign subsidiary Ocean Aquatic Proteins LLC. In addition, the company operates three blending plants and five storage facilities, all of which are located in India. All of the company's facilities are strategically located near the coast.

The company is certified by NQA and UKAS to ISO 22000:2018 and ISO 9001:2015 management system standards.

As of December 31, 2022, the company has contractual arrangements with third-party manufacturing facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra) and Ratnagiri (Maharashtra) for the supply of fishmeal and fish oil.

Mukka Proteins Limited - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Kalandan Mohammed Haris
Kalandan Mohammad Arif
Kalandan Mohammed Althaf

Mukka Proteins Limited IPO - Issue Objectives

Funding working capital requirements of the Company
Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements
General Corporate Purposes.

Mukka Proteins Limited IPO - Anchor Investors

Mukka Proteins IPO | Institutional investors pick Rs 67 crore worth shares via anchor book.

The Karnataka-based company, in its filing to exchanges, said it has finalised allocation of 2,39,99,565 equity shares to anchor investors at a price of Rs 28 per equity share.

Total six investors participated in the anchor book including Neomile Growth Fund, Saint Capital Fund, Eminence Global Fund, and Elara India Opportunities Fund.

Neomile Growth Fund was the largest investor amongst them, buying Rs 16.19 crore worth of shares, followed by Eminence Global Fund which picked Rs 11 crore-worth shares of the company in the anchor book round, while the rest of the 4 participants acquired Rs 10 Crore shares each.

Mukka Proteins Limited IPO - FAQs

Ans. Mukka Proteins Limited IPO is a Mainboard IPO. The issue is priced at ₹26-28 per equity share. The minimum order quantity is 535 Shares. The IPO opens on Feb 29, 2024, and closes on Mar 4, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Mukka Proteins Limited IPO opens on Feb 29, 2024 and closes on Mar 4, 2024.

Ans. The size of Mukka Proteins Limited IPO is 80,000,000 shares(aggregating up to ₹224.00 Cr.

Ans. The IPO price band is set between ₹26-28 per equity share.

Ans. To apply for Mukka Proteins Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Mukka Proteins Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Mukka Proteins Limited IPO is Mar 5, 2024.

Ans. The Mukka Proteins Limited IPO will be listed on Mar 7, 2024.

Ans. Follow the steps to check the allotment status for Mukka Proteins Limited IPO here.