The animal protein (Fish Meal, Fish Oil and Fish Soluble Paste) company Mukka Proteins IPO will be hit the 29 February 2024 and closes on 04 March 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹224 crore through IPO. The company will issue fresh shares of ₹224 crores through this IPO.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Mukka Proteins Limited is an animal protein company, primarily engaged in the production of Fish Meal, Fish Oil, and Fish Soluble Paste as well as developing alternative proteins such as Black Soldier Fly (BSF) Insect meal in the animal food segment. You can check Mukka Proteins IPO GMP.
The company manufactures and supplies fish meal, fish oil, and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (dog and cat food). Further, fish oil also finds its application in pharmaceutical products (additionally, Omega-3 pills and related products derived from fish oil are gaining importance as high nutrient and healthy dietary supplements), soap manufacturing, leather tanneries & paint industries.
The company sells our products domestically and also exports them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. You can check Mukka Proteins IPO subscription status here.
| Read also: Upcoming IPO List 2024 |
The company has 6 (six) manufacturing facilities operated by us, out of which 4 (four) manufacturing facilities are located in India and 2 (two) manufacturing facilities, held through our Foreign Subsidiary, namely Ocean Aquatic Proteins LLC is located in Oman. The company operates 3 (three) blending facilities and 5 (five) storage facilities located in India. You can check Mukka Proteins IPO Allotment status here.
Object Of the Issue :
- Funding working capital requirements of our Company.
- Investment in our Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements.
- General Corporate Purpose.
Company Strengths :
- Our position as a leading manufacturer and exporter of Fish Protein products.
- Established customer base and strong relationships.
- Strategically located processing facilities.
- Entry Barriers.
- Strong and consistent financial performance.
- Focus on Quality, Environment, Health and Safety (QEHS).
- Experienced Promoter Directors with extensive domain knowledge.
Mukka Proteins IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹1183.80 Cr ₹28 /EQ 2.00 14.00x 36.71 % 34.19 % 17.62 % 1.64 ₹5.86 ₹641.18 Cr ₹840.00 Cr 100.00 % – % |
| Team Review : | ✔ Apply For Long Term |
Mukka Proteins IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 29 February 2024 |
| IPO Close : | 04 March 2024 |
| Face Value : | ₹1 Equity Share |
| Price Band : | ₹26 – ₹28 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹224.00 Cr {80,000,000 Shares} |
| Fresh Issue : | ₹224.00 Cr {80,000,000 Shares} |
Mukka Proteins IPO Market Lot :
Mukka Proteins IPO Minimum Market lot is 1 Lot with 535 shares with ₹14,980 Application amount. The retail investors can apply up to 13 lots with 6955 Shares or ₹194,740 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 535 | ₹14,980 |
| Retail Maximum : | 13 | 6955 | ₹194,740 |
| S-HNI Minimum : | 14 | 7490 | ₹209,720 |
| S-HNI Maximum : | 66 | 35310 | ₹988,680 |
| B- HNI Minimum : | 67 | 35845 | ₹1,003,660 |
Mukka Proteins IPO Reservation :
Mukka Proteins IPO Total Reservation of 80,000,000 shares is to be bid for the public issue by Mukka Proteins IPO with 40,000,000 for QIB and 12,000,000 for NII 28,000,000 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 40,000,000 | ₹112.00 |
| NII : | 15% | 12,000,000 | ₹33.60 |
| RII : | 35% | 28,000,000 | ₹78.40 |
| Total : | 100% | 80,000,000 | ₹224.00 |
Mukka Proteins IPO EPS & RoNW :
The Mukka Proteins company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2024 | ₹2.00 | 34.19% | ₹5.86 |
| 2022 | ₹1.10 | 27.75% | ₹3.97 |
| 2021 | ₹0.41 | 13.91% | ₹2.93 |
Mukka Proteins IPO Peer Comparison PE :
The Mukka Proteins, According to the RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Avanti Feeds | 25.00 |
| 2. | Godrej Agrovet | 33.23 |
| 3. | Zeal Aqua | 20.63 |
| 4. | Waterbase Limited | – |
Mukka Proteins IPO Dates :
Mukka Proteins IPO Date is Announced Soon. The allotment will be finalized on Announced Soon and the IPO may list on Announced Soon.
| Anchor Date : | 28 February 2023 |
| Open Date : | 29 February 2023 |
| Close Date : | 04 March 2024 |
| Allotment Date : | 05 March 2024 |
| Refund Date : | 06 March 2024 |
| Share Credit Date : | 06 March 2024 |
| Listing Date : | 07 March 2024 |
Mukka Proteins IPO Form :
There are two ways to apply in Mukka Proteins IPO. You can apply for Mukka Proteins IPO through ASBA available in your bank account. You have to go to your online bank login select Mukka Proteins IPO in the Invest section and apply through your bank account. Another option is you apply for Mukka Proteins IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Mukka Proteins Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 Sep | ₹612.88 | ₹569.89 | ₹32.98 |
| 2023 | ₹1,183.80 | ₹1,119.32 | ₹47.53 |
| 2022 | ₹776.15 | ₹741.17 | ₹25.82 |
| 2021 | ₹609.95 | ₹598.31 | ₹11.01 |
Company Promoters :
■ Karkala Shankar Balachandra Rao
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Mukka Proteins IPO Lead Managers :
■ Fedex Securities Private Limited
Mukka Proteins IPO Registrar :
Cameo Corporate Services Limited
Subramanian Building, 5th Floor No. 1 Club House Road
Chennai – 600 002, India
Tel: +914440 0207 00 (5 lines)
Fax: +91442846 0129
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.cameoindia.com
Note: Check Mukka Proteins IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Mukka Proteins Private Limited
5th Floor, Neville Tower, Units 6,7 and 8,
Ramanujan IT City, Rajiv Gandhi Salai,
Taramani, Chennai- 600113,
Tamil Nadu, India;
Tel: +91 044 4344 1700
E-mail: [email protected]
Website: www.latentview.com
Mukka Proteins IPO FAQs :
What is Mukka Proteins IPO?
Mukka Proteins IPO is a Mainboard IPO. They are going to raise ₹224.00 Crores via IPO. The issue is priced at ₹26-₹28 per equity share. The IPO is to be listed on NSE, and BSE.
When Mukka Proteins IPO will open?
The IPO is to open on 29 Feb – 04 Mar for QIB, NII & RII.
What is Mukka Proteins IPO Size?
Mukka Proteins IPO size is ₹224.00 Crores.
What is the Fresh issue size of Mukka Proteins IPO?
The Fresh Issue Size of Mukka Proteins IPO ₹224.00 Cr.
What is Mukka Proteins IPO Price Band?
Mukka Proteins IPO Price Band is ₹26-₹28 Per share.
What is Mukka Proteins IPO Minimum and Maximum Lot Size?
The minimum 535 Shares with ₹14,980 amount while the maximum 6955 shares with ₹194,740.
What is Mukka Proteins IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is Mukka Proteins IPO Allotment Date?
Mukka Proteins IPO allotment date is 05 March 2024.
What is Mukka Proteins IPO Listing Date?
Mukka Proteins IPO listing date is 07 March 2024. The IPO to list on NSE, BSE.
How to Apply the Mukka Proteins IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Mukka Proteins IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Mukka Proteins IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Mukka Proteins IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Mukka Proteins IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Mukka Proteins IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Mukka Proteins IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Mukka Proteins IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Mukka Proteins IPO GMP: Click Here Mukka Proteins IPO Subscription: Click Here Mukka Proteins IPO Allotment: Click Here Mukka Proteins IPO Listing: Click Here Mukka Proteins IPO Web Story: Click Here |
All Mukka Proteins IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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