Mukka Proteins Ltd
Price Range
₹26 - ₹28
Min. Quantity
535
Closes on
4 March 2024
Min. investment
₹14,980/6,955 Shares
Mukka Proteins Ltd IPO Timeline
Mukka Proteins Limited was originally incorporated as 'Mukka Sea Food Industries', a Partnership firm in Karnataka on March 13, 2003. Subsequently, the Partnership Firm was thereafter converted to Private Company as 'Mukka Sea Food Industries Private Limited' on November 04, 2010. The Company subsequently got converted into Public Limited Company dated December 02, 2019 in the name of 'Mukka Sea Food Industries Limited' and the name of the Company changed to 'Mukka Proteins Limited' vide a fresh certificate of incorporation issued by ROC-Bangalore, dated August 06, 2021.
| Event | Date |
|---|---|
| Mukka Proteins Ltd IPO Opening Date | 29 February 2024 |
| Mukka Proteins Ltd IPO Closing Date | 4 March 2024 |
| Basis of Allotment | 5 March 2024 |
| Initiation of Refunds | 6 March 2024 |
| Credit of Shares to Demat | 6 March 2024 |
| Mukka Proteins Ltd IPO Listing Date | 7 March 2024 |
Mukka Proteins Ltd IPO Details
| Mukka Proteins Ltd IPO Date | 29 February 2024 to 4 March 2024 |
| Mukka Proteins Ltd IPO Face Value | ₹1 per share |
| Mukka Proteins Ltd IPO Price | ₹26 to ₹28 per share |
| Mukka Proteins Ltd IPO Lot Size | 535 |
| Issue Size | Shares of ₹1 (aggregating up to ₹224 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹224 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,60,00,435 of the Net Offer |
| Retail Shares Offered | Not less than 2,80,00,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,20,00,000 of the Net Offer |
| Company Promoters | Kalandan Mohammed Haris, Kalandan Mohammad Arif, Kalandan Mohammed Althaf |
Mukka Proteins Ltd IPO Lot Size
The Mukka Proteins Ltd IPO lot size is 535 shares. A retail-individual investor can apply for up to 13 lots (6,955 shares or ₹1,94,740).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 535 | ₹14,980 |
| Maximum | 13 | 6,955 | ₹1,94,740 |
- Strengths
- Risks
- Opportunities
- Its 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.
Company Financials
Mukka Proteins Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 851.13 | 1,288.62 | 62.76 |
| 03-2023 | 500.03 | 1,075.27 | 39.42 |
| 03-2022 | 329.07 | 700.63 | 19.82 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- Investment in its associate viz Ento Proteins Pvt Ltd, for funding its working capital requirements
- General corporate purposes
Mukka Proteins Ltd IPO Promoter Holding
| Pre Issue Share Holding | 41.22% |
| Post Issue Share Holding | 30.23% |
Mukka Proteins Ltd IPO Subscription Status (Bidding Detail)
The Mukka Proteins Ltd IPO is subscribed 136.99 times on 4 March 2024 05:00:00 PM. The public issue subscribed 58.52 times in the retail category, 189.28 times in the QIB category, and 250.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 189.28 | 250.38 | 58.52 | - | 136.99 |
Mukka Proteins Ltd IPO Prospectus
Mukka Proteins Ltd IPO Listing Date
| Listing Date | 7 March 2024 |
| BSE Script | 544135 |
| NSE Symbol | MUKKA |
| Listing In | BSE, NSE |
| ISIN | INE0CG401037 |
| IPO Price | ₹28 |
| Face Value | ₹1 |
Company Contact Information
Mukka Corp.House DNo 18-2-16/41stCross NG Road Attavara Dak.,Mangaluru-575001
Phone: +9182 4425 2889
Email: cs@mukkaproteins.com
Website: www.mukkaproteins.com
Mukka Proteins Ltd IPO Registrar
Mukka Proteins Ltd IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
FAQ
What is the issue size of Mukka Proteins Ltd IPO?
I have pre-applied for Mukka Proteins Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
