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Posted on  February 26, 2024 under  by Meghna Mundhra

Mukka Proteins IPO Details - Complete Overview of Mukka Proteins Limited IPO

Mukka Proteins IPO Price: ₹26 to ₹28
IPO Date Range:
Feb 29, 2024 - Mar 4, 2024

Mukka Proteins IPO

Foundation & Business Essence

Established in March 2003, Mukka Proteins Limited specializes in the production of fish protein products. The company plays a pivotal role in the manufacturing and supply of crucial ingredients such as fish meal, fish oil, and fish soluble paste.

Services

Mukka Proteins Limited caters to various industries by providing essential components for aqua feed (for fish and shrimp), poultry feed (for broilers and layers), and pet food (for dog and cat food).

Mukka Proteins Limited operates six production facilities, strategically distributed across four locations in India and two in Oman. These facilities are under the ownership of its foreign subsidiary, Ocean Aquatic Proteins LLC.

Complementing its production capabilities, the company manages three blending plants and five storage facilities, all strategically positioned in India. Notably, all facilities are situated in proximity to coastal regions.

Presence

The company has a robust international presence, exporting its products to more than 10 countries. These include Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.

As of December 31, 2022, Mukka Proteins Limited has established contractual agreements with third-party manufacturing facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra), and Ratnagiri (Maharashtra) to ensure a consistent supply of fishmeal and fish oil.

Bidding Starts In

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Mukka Proteins IPO Specifics:

IPO DateFebruary 29, 2024 to March 4, 2024
Listing DateThursday, March 7, 2024
Face Value₹1 per share
Price Band₹26 to ₹28 per share
Lot Size535 shares
Total Issue Size80,000,000 shares
(aggregating up to ₹224.00 Cr)
Fresh Issue80,000,000 shares
(aggregating up to ₹224.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue220,000,000
Share holding post issue300,000,000

Mukka Proteins IPO Lot Size

Bidders have the opportunity to bid for a minimum of 535 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

ApplicationLotsSharesAmount
Retail (Min)1535₹14,980
Retail (Max)136,955₹194,740
S-HNI (Min)147,490₹209,720
S-HNI (Max)6635,310₹988,680
B-HNI (Min)6735,845₹1,003,660

Mukka Proteins IPO Reservation

QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Mukka Proteins IPO Timetable (Important Dates)

IPO Open DateThursday, February 29, 2024
IPO Close DateMonday, March 4, 2024
Basis of AllotmentTuesday, March 5, 2024
Initiation of RefundsWednesday, March 6, 2024
Credit of Shares to DematWednesday, March 6, 2024
Listing DateThursday, March 7 2024
Cut-off time for UPI mandate confirmation5 PM on March 4, 2024

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Mukka Proteins Limited IPO Financial Information

Mukka Proteins Limited witnessed a remarkable surge in revenue, soaring by 52.52%, while the profit after tax (PAT) experienced an impressive ascent of 84.07% during the financial year that concluded on March 31, 2023, compared to the preceding year ending on March 31, 2022.

Period Ended31 Mar 202131 Mar 202231 Mar 202330 Sep 2023
Assets353.93392.30575.16641.18
Revenue609.95776.151183.80612.88
Profit After Tax11.0125.8247.5332.98
Net Worth64.5487.25128.92159.11
Reserves & Surplus60.8068.51112.57144.92
Total Borrowing159.19173.50254.83317.73
Amount in ₹ Crore

Key Performance Indicator - Mukka Proteins IPO

KPIValues
Market Cap (Rs Cr)840
P/E (x)12.96
ROE36.71%
ROCE17.62%
Debt/ Equity1.64
EPS2.16
RoNW34.19%

Objects of the Issue:

The company aims to allocate the Net Proceeds from the Issue for the following purposes:

  • Meeting the working capital needs of the company.
  • Investing in the associate, namely Ento Proteins Private Limited, to support its working capital requirements.
  • General Corporate Purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Mukka Proteins DRHP and Mukka Proteins RHP.

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Mukka Proteins Limited" IPO?

The price range for the"Mukka Proteins Limited" IPO is ₹26 to ₹28 per share.

When will the "Mukka Proteins Limited" IPO be listed on the stock exchange?

The "Mukka Proteins Limited" IPO is expected to be listed on Thursday, 7 March 2024.

How to apply for an IPO with Lakshmishree?

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Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
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How can I check the subscription status of an IPO on Lakshmishree?

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Written by Meghna Mundhra

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CIN No U74110MH2005PLC157942     |    Member Ship Details     |    BSE-3281     |    NSE-12817     |    MCX-55910     |    DP:IN-DP-CDSL-490-2008     |    DPID:12059100    |    SEBI Regn. No.: INZ000170330     |    Mutual Fund: ARN-77739    |    Research Analyst: registration number INH000014395
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