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Mukka Proteins Limited 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. The Mukka Group has a rich legacy of around 5 decades in the Indian Marine Industry and is currently led by our Managing Director and CEO Mr. Kalandan Mohammed Haris. Mukka Group is one of the pioneers in the Fishmeal Industry having set up one of India’s first steam sterilised fishmeal plants. The management of Mukka Proteins Limited is committed to being the employer of choice, attracting and retaining the best of professionals.
By developing a structure, systems and workplace culture that provides challenging jobs, rewards performance and delivers opportunities continuously, the group is striving to get the best out of its most valuable asset - its people. Mukka Proteins IPO is a book-built issue of Rs 224.00 crores. The issue is entirely a fresh issue of 8 crore shares. Mukka Proteins IPO price band is set at ₹26 to ₹28 per share. The minimum lot size for an application is 535 Shares. Fedex Securities Pvt Ltd is the book running lead manager of the Mukka Proteins IPO, while Cameo Corporate Services Limited is the registrar for the issue.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Mukka Proteins Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Mukka Proteins Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 29, 2024 to March 4, 2024 |
| Listing Date | March 7, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹26 to ₹28 per share |
| Lot Size | 535 Shares |
| Total Issue Size | 80,000,000 shares (aggregating up to ₹224.00 Cr) |
| Fresh Issue | 80,000,000 shares (aggregating up to ₹224.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 220,000,000 |
| Share holding post issue | 300,000,000 |
Mukka Proteins Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, February 29, 2024 |
| IPO Close Date | Monday, March 4, 2024 |
| Basis of Allotment | Tuesday, March 5, 2024 |
| Initiation of Refunds | Wednesday, March 6, 2024 |
| Credit of Shares to Demat | Wednesday, March 6, 2024 |
| Listing Date | Thursday, March 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2024 |
Mukka Proteins Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 535 | ₹14,980 |
| Retail (Max) | 13 | 6955 | ₹194,740 |
| S-HNI (Min) | 14 | 7,490 | ₹209,720 |
| S-HNI (Max) | 66 | 35,310 | ₹988,680 |
| B-HNI (Min) | 67 | 35,845 | ₹1,003,660 |
Mukka Proteins Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | - |
Competitive Strength:
- -
Mukka Proteins Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 641.18 | 612.88 | 32.98 | 159.11 | - | 317.73 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 575.16 | 1,183.80 | 47.53 | 128.92 | - | 254.83 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 392.30 | 776.15 | 25.82 | 87.25 | - | 173.50 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 353.93 | 609.95 | 11.01 | 64.54 | - | 159.19 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.71% |
| ROCE | 17.62% |
| Debt/Equity | 1.64 |
| RoNW | 34.19% |
| P/BV | 4.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.16 | 2.2 |
| P/E (x) | 12.96 | 12.73 |
Objectives of Mukka Proteins IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Funding working capital requirements of the Company.
- 2. Investment in the associate, viz. Ento Proteins Private Limited, for funding its working capital requirements.
- 3. General Corporate Purposes.
Mukka Proteins IPO Review
MPL is a numero uno company in fish meals, fish oils and related allied products with 25-30% market share domestically. It also has good demand in global markets. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears reasonably priced. The company may attract first mover fancy post listing. Investors (who have no reservation for the segments) may lap it up for the medium to long term rewards.
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Frequently Asked Questions (FAQs)
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What is the issue size of Mukka Proteins Ltd IPO?
Mukka Proteins Ltd IPO, which opens for subscription from 29-Feb-2024 to 04-Mar-2024 has an issue size of ₹224 crore. The issue type is book building issue.
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What is Mukka Proteins Limited's IPO?
Mukka Proteins Limited IPO is a fresh issue of up to 8,00,00,000 equity shares.
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What are the open and close dates for Mukka Proteins Ltd IPO?
Mukka Proteins Ltd IPO Opens for subscription from 29-Feb-2024 to 04-Mar-2024.
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What is the lot size and minimum order quantity of the Mukka Proteins Ltd IPO?
The lot size of Mukka Proteins Ltd is 535 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots.
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What are the allotment dates for the Mukka Proteins Ltd IPO?
Allotment date for Mukka Proteins Ltd is 05-Mar-2024 and refund of application amount (in case allotment is not received) will begin from 06-Mar-2024. If your allotment goes through, then shares will be credited in your Demat account by 06-Mar-2024
