Mukka Proteins Limited IPO: An Overview and Corporate Insight
Mukka Proteins Limited was founded in March 2003 and produces fish protein products. The company manufactures and distributes fish meal, fish oil, and fish soluble paste—all necessary components for the creation of aqua feed, which is used for fish and shrimp, poultry feed, which is used for broilers and layers, and pet food, which is used for dog and cat food.
The company’s international affiliate Ocean Aquatic Proteins LLC is currently in charge of six production facilities, two of which are in Oman and four of which are in India. The business also runs five storage facilities and three blending units, all of which are situated in India. The company’s locations are all thoughtfully situated close to the coast.
Grey Market Premium Analysis and IPO Timelines – Mukka Proteins Limited IPO
| Date | GMP |
| 26-02-24 | ₹17 |
| 25-02-24 | ₹15 |
| 24-02-24 | ₹15 |
Mukka Proteins’ IPO’s most recent GMP, as of February 26, 2024, at 4:00 PM, is ₹17. The expected listing price of Mukka Proteins IPO, with a price band of 28.00, is ₹45 (cap price + today’s GMP). 60.71% is the anticipated percentage gain or loss per share.
Pricing Details and Lot Size – Mukka Proteins Limited IPO
The price band for Mukka Proteins Limited IPO is ₹26 to ₹28 per share.
Book-Running Lead Managers and Registrar – Mukka Proteins Limited IPO
Fedex Securities Pvt Ltd. is the book-running lead manager, while Cameo Corporate Services Limited is the registrar.
Offer for Sale and IPO Size Breakdown – Mukka Proteins Limited IPO
The book-built IPO of Rs 224.00 crores is Mukka Proteins. This is a completely new 8 crore share offering.
IPO Timelines at a Glance – Mukka Proteins Limited IPO
| Event | Date |
| IPO Opening Date | February 29, 2024 |
| IPO Closing Date | March 04, 2024 |
| IPO Allotment Date | March 05, 2024 |
| Initiation of Refunds | March 06, 2024 |
| Credit of Shares to Demat | March 06, 2024 |
| IPO Listing Date | March 07, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – Mukka Proteins Limited IPO
In order to finance the following goals, the Company plans to use the Net Proceeds from the Issue:
- Meeting the company’s needs for working cash financing.
- Funding in the associate, Ento Proteins Private Limited, which is responsible for the provision of working capital needs.
- Corporate objectives in general.
Conclusion
In addition to selling its goods domestically, MPL exports them to more than ten nations, including China, Saudi Arabia, Taiwan, Vietnam, Bangladesh, Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, and South Korea.
The company maintains its facilities along the coastline to minimize dependency on any particular coastal landing sites and fish catchments and thus providing it with fresh, adequate and cost-effective access to key raw material. Its strategically located Facilities also enable it to maintain high product quality and optimize on the transport cost. The Company is always looking for new manufacturing facilities, either through job work or other similar arrangements, in order to increase operational efficiency and gain access to essential raw materials.
Frequently Asked Questions (FAQ) – Mukka Proteins Limited IPO
What does Mukka Proteins Limited specialise in?
The company manufactures and distributes fish meal, fish oil, and fish soluble paste—all necessary components for the creation of aqua feed, which is used for fish and shrimp, poultry feed, which is used for broilers and layers, and pet food, which is used for dog and cat food.
What is the primary purpose of Mukka Proteins Limited’s IPO?
The Company plans to use the Net Proceeds from the Issue in order to finance the company’s needs for working cash financing, funding in the associate, Ento Proteins Private Limited, which is responsible for the provision of working capital needs, and corporate objectives in general.
Who are the lead managers for Mukka Proteins Limited’s IPO?
Fedex Securities Pvt Ltd. is book-running lead managers for the offer.
How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The book-built IPO of Rs 224.00 crores is Mukka Proteins. This is a completely new 8 crore share offering.
What is the lot size and minimum investment for retail investors in the Mukka Proteins Limited IPO?
Mukka Proteins Limited IPO lot size is 535 Shares, and the minimum amount required is ₹14,980.
What is the price band for the Mukka Proteins Limited IPO?
The price band for Mukka Proteins Limited IPO is ₹26 to ₹28 per share.
How has the Grey Market Premium (GMP) trend for Mukka Proteins Limited IPO?
Mukka Proteins’ IPO’s most recent GMP, as of February 26, 2024, at 4:00 PM, is ₹17. The expected listing price of Mukka Proteins IPO, with a price band of 28.00, is ₹45 (cap price + today’s GMP). 60.71% is the anticipated percentage gain or loss per share.
When does the IPO open and close for subscription?
Mukka Proteins Limited IPO will open for subscription on February 29, 2024 and close on March 04, 2024.
When is the allotment date for the Mukka Proteins LimitedLimited IPO?
The allotment date is set for March 05, 2024.
When is Mukka Proteins Limited expected to be listed on the stock exchanges?
The anticipated listing date for Mukka Proteins Limited IPO is March 07, 2024 on the BSE and NSE mainboards.
