Mukka Proteins Ltd. IPO

Mukka Proteins Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹16.00 (+57.14%)

Listing Gains

IPO Details

Bidding Dates

29 Feb - 04 Mar '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹26 - ₹28

Price Range

Issue Size

208 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • 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


  1. Established company with a strong reputation
  2. Diversified product portfolio


  1. Reliance on a single industry (animal protein)
  2. Limited product innovation


  1. Growing demand for protein


  1. Competition
  2. Regulation
  3. 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:

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.

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Mukka Proteins Ltd. IPO FAQs

What are the opening and closing dates for Mukka Proteins Limited?

Mukka Proteins Limited will open for subscription on February 29 and close on March 04.

What is the price band for Mukka Proteins Limited?

The price band for Mukka Proteins Limited is ₹26 to ₹28 per share.

What is the minimum and maximum lot size for the Mukka Proteins Limited?

The minimum lot size is 535 shares. 

Who are Mukka Proteins Limited Lead Managers?

Fedex Securities Pvt Ltd is the Book Running Lead Managers (BRLM) to the issue.

Who is the registrar of the issue?

Cameo Corporate Services Limited is the registrar for Mukka Proteins Limited.

When will the Mukka Proteins Limited allotment take place?

The finalisation of the basis of allotment for Mukka Proteins Limited will be done on March 05, 2024, and the allotted shares will be credited to investors’ demat accounts by March 06, 2024.

When and where will the Mukka Proteins Limited shares be listed?

The equity shares of Mukka Proteins Limited are proposed to be listed on March 07, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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