{"id":5767,"date":"2024-02-26T11:16:05","date_gmt":"2024-02-26T05:46:05","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5767"},"modified":"2024-02-27T11:59:33","modified_gmt":"2024-02-27T06:29:33","slug":"mukka-proteins-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/mukka-proteins-ipo-details\/","title":{"rendered":"Mukka Proteins IPO Details - Complete Overview of Mukka Proteins Limited IPO"},"content":{"rendered":"\n

Mukka Proteins IPO Price: <\/strong>\u20b926 to \u20b928
IPO Date Range:<\/strong> Feb 29, 2024 - Mar 4, 2024<\/p>\n\n\n\n

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\"Mukka<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

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.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Services<\/h2>\n\n\n\n

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).<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Presence<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
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SECONDS<\/div><\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Mukka Proteins IPO Specifics:<\/h2>\n\n\n\n
IPO Date<\/td>February 29, 2024 to March 4, 2024<\/td><\/tr>
Listing Date<\/td>Thursday, March 7, 2024<\/td><\/tr>
Face Value<\/td>\u20b91 per share<\/td><\/tr>
Price Band<\/td>\u20b926 to \u20b928 per share<\/td><\/tr>
Lot Size<\/td>535 shares<\/td><\/tr>
Total Issue Size<\/td>80,000,000 shares
(aggregating up to \u20b9224.00 Cr)<\/td><\/tr>
Fresh Issue<\/td>80,000,000 shares
(aggregating up to \u20b9224.00 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>220,000,000<\/td><\/tr>
Share holding post issue<\/td>300,000,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mukka Proteins IPO Lot Size<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>535<\/td>\u20b914,980<\/td><\/tr>
Retail (Max)<\/td>13<\/td>6,955<\/td>\u20b9194,740<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>7,490<\/td>\u20b9209,720<\/td><\/tr>
S-HNI (Max)<\/td>66<\/td>35,310<\/td>\u20b9988,680<\/td><\/tr>
B-HNI (Min)<\/td>67<\/td>35,845<\/td>\u20b91,003,660<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mukka Proteins IPO Reservation<\/h2>\n\n\n\n
QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mukka Proteins IPO Timetable (Important Dates)<\/h2>\n\n\n\n
IPO Open Date<\/td>Thursday, February 29, 2024<\/td><\/tr>
IPO Close Date<\/td>Monday, March 4, 2024<\/td><\/tr>
Basis of Allotment<\/td>Tuesday, March 5, 2024 <\/td><\/tr>
Initiation of Refunds<\/td>Wednesday, March 6, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Wednesday, March 6, 2024<\/td><\/tr>
Listing Date<\/td>Thursday, March 7 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on March 4, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Mukka Proteins Limited IPO Financial Information<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 Sep 2023<\/th><\/tr><\/thead>
Assets<\/td>353.93<\/td>392.30<\/td>575.16<\/td>641.18<\/td><\/tr>
Revenue<\/td>609.95<\/td>776.15<\/td>1183.80<\/td>612.88<\/td><\/tr>
Profit After Tax<\/td>11.01<\/td>25.82<\/td>47.53<\/td>32.98<\/td><\/tr>
Net Worth<\/td>64.54<\/td>87.25<\/td>128.92<\/td>159.11<\/td><\/tr>
Reserves & Surplus<\/td>60.80<\/td>68.51<\/td>112.57<\/td>144.92<\/td><\/tr>
Total Borrowing<\/td>159.19<\/td>173.50<\/td>254.83<\/td>317.73<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

Key Performance Indicator - Mukka Proteins IPO<\/h2>\n\n\n\n
KPI<\/th>Values<\/th><\/tr><\/thead>
Market Cap (Rs Cr)<\/td>840<\/td><\/tr>
P\/E (x)<\/td>12.96<\/td><\/tr>
ROE<\/td>36.71%<\/td><\/tr>
ROCE<\/td>17.62%<\/td><\/tr>
Debt\/ Equity<\/td>1.64<\/td><\/tr>
EPS<\/td>2.16<\/td><\/tr>
RoNW<\/td>34.19%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The company aims to allocate the Net Proceeds from the Issue for the following purposes:<\/p>\n\n\n\n