Mukka Proteins Ltd. IPO
Mukka Proteins Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹28
Issue Price
Listing Price
₹44
Listing Price
Listing Gains
+₹16.00 (+57.14%)
Listing Gains
IPO Details
Bidding Dates
29 Feb - 04 Mar '24
Bidding Dates
Min. Investment
₹13,910
Min. Investment
Lot Size
535.00
Lot Size
Price Range
₹26 - ₹28
Price Range
Issue Size
208 Cr
Issue Size
Subscription Rate
- Retail Individual Investor58.52x
- Non-Institutional Investor250.38x
- Qualified Institutional Buyers189.28x
- Employees
About Company
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 ships its goods to more than ten nations, including China, Saudi Arabia, South Korea, Oman, Taiwan, Vietnam, Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, and Taiwan.
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.
Important Dates - Mukka Proteins IPO
| Application opens on | 29th February 2024 |
| Last date of application | 04th March 2024 |
| Date of Allotment | 05th March 2024 |
| Refund begins from | 06th March 2024 |
| Credit of shares to Demat | 06th March 2024 |
| Listing date | 07th March 2024 |
Why should you invest in Mukka Proteins Ltd. IPO?
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.
Mukka Proteins IPO Grey Market Premium
| Date | GMP |
|---|---|
| 26th February | Rs.17 |
| 25th February | Rs.15 |
| 24th February | Rs.15 |
Financial Snapshot - Mukka Proteins IPO
Check out the financial performance of Mukka Proteins for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 353.93 crore | Rs 609.95 crore | Rs 11.01 crore |
| March 2022 | Rs 392.30 crore | Rs 776.15 crore | Rs 25.82 crore |
| March 2023 | Rs 575.16 crore | Rs 1,183.80 crore | Rs 47.55 crore |
Mukka Proteins Ltd. IPO - SWOT Analysis
Strengths
- Established company with a strong reputation
- Diversified product portfolio
Weaknesses
- Reliance on a single industry (animal protein)
- Limited product innovation
Opportunities
- Growing demand for protein
Threats
- Competition
- Regulation
- Disease outbreaks
Mukka Proteins IPO Noteworthy Highlights
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.
How to apply for Mukka Proteins Ltd. IPO?
You can apply for the Mukka Proteins Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Mukka Proteins Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
