Mukka Proteins Ltd

Miscellaneous

Offer Period :

29th to 3rd Mar 2024

Established in March 2003, Mukka Proteins Limited specializes in manufacturing fish protein products, including fish meal, oil, and soluble paste crucial for aqua feed, poultry feed, and pet food production. With a global reach, Read more... the company operates six facilities in India and Oman, maintaining ISO certifications and contractual ties with third-party manufacturing facilities.Read less

Mukka Proteins Ltd IPO Details

IPO Date 29th to 3rd Mar 2024 Minimum Investment ₹14980 / 1 Lots
Listing Date 2024-03-07 Maximum Investment ₹194740 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹224 Crores
Price ₹28 to ₹28 per share Fresh Issue ₹224 Crores
Lot Size 1 Lots (535 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 29th to 3rd Mar 2024
Listing Date 2024-03-07
Face Value ₹1 per share
Price ₹28 to ₹28 per share
Lot Size 1 Lots (535 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14980 / 1 Lots
Maximum Investment ₹194740 / 13 Lots
Total Issue Size ₹224 Crores
Fresh Issue ₹224 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

29th Feb

IPO Starts

4th Mar

IPO Ends

5th Mar

Allotment Date

6th Mar

Initiation of Refund

6th Mar

Credit of Shares to Demat Account

7th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 85.22 0
Public Group 14.78 100

Mukka Proteins Ltd IPO Reservation

QIB Shares Offered 16000000(20%)
NII (HNI) Shares Offered 12000000(15%)
Retail Shares Offered 28000000(35%)
Anchor Investor Shares Offered 24000000(30%)
Total Shares Offered 80000000
Total Shares With Anchor Investor 80000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Mukka Proteins Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number +91 44-40020700
Email Id priya@cameoindia.com
Our Website www.cameoindia.com

Mukka Proteins Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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Mukka Proteins Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Mukka Proteins Ltd

1. Its position as a leading manufacturer and exporter of Fish Protein products.

2. Established customer base and strong relationships.

3. Strategically located processing facilities.

4. Entry Barriers.

5. Strong and consistent financial performance.

6. Focus on Quality, Environment, Health and Safety (QEHS).

7. Experienced Promoter Directors with extensive domain knowledge.

Risks Involved

1. The Company, some of its Subsidiaries, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company business, results of operations and financial condition.

2. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.

3. Introduction of stricter norms regulating the company operation in domestic and overseas market could result in loss due to its inability to meet customer requirement and production schedules, which could materially affect the company business, results of operations and financial condition.

4. The company have certain contingent liabilities as stated in the Restated Consolidated Financial Statement, and in the event, they materialize it could adversely affect its financial condition.

5. The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

6. The Company is party to a legal proceeding concerning an alleged violation of environmental norms by the Company. An adverse outcome of the proceeding could have an impact on the Company's operations at Mukka Manufacturing Facility I.

7. In past, one of the company Promoter Director, Kalandan Mohammed Haris has been subject to search and seizure of property by Directorate of Enforcement in relation to alleged violation of Foreign Exchange Management Act, 1999 against which the company Promoter has filed a Writ Petition against (i) Union of India, (ii) Commissioner of Customs and (iii) Directorate of Enforcement before the Hon'ble High Court of Karnataka, at Bengaluru. An adverse outcome of the proceeding could have an impact on the Company's business, results of operations and financial condition.

8. A significant majority of the company revenues from operations are derived from a limited number of customers.

9. A majority of the company supplies for the company operations are obtained from a limited number of suppliers.

10. Under-utilisation of the company manufacturing capacities and an inability to effectively utilise its expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 575.16 392.3 354.8
Total Liabilities 575.16 392.3 354.8
Total Expenses 1121.25 741.98 598.32
Total Revenue 
1187.2 777.96 613.77
Profit After Tax 44.08 24.21 8.98
EBITDA 94.31 54.24 31.82
Adjusted EBITDA 0 0 0

Mukka Proteins Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-07 544135 MUKKA
INE0CG401037
₹28 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹28 ₹28
Open ₹44 ₹40
Low ₹38.24 ₹38.25
High ₹44 ₹42.25
Low ₹38.24 ₹38.25

Frequently Asked Questions

What is Mukka Proteins Ltd IPO?

Answer Field

Mukka Proteins Ltd IPO is a Mainboard IPO of 8,00,00,000 equity shares of a face value of ₹1 aggregating up to ₹224 Crores. The issue is priced at ₹28 to ₹28 per share. The minimum order quantity is 535 Shares. The IPO opens on February 29, 2024, and closes on March 04, 2024. Cameo Corporate Services Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Mukka Proteins Ltd IPO will open?

Answer Field

The Mukka Proteins Ltd IPO opens on February 29, 2024 and closes on March 04, 2024.

What is the lot size of Mukka Proteins Ltd?

Answer Field

Mukka Proteins Ltd lot size is 535 shares, and the minimum amount required is ₹14,980.

How to apply for Mukka Proteins Ltd IPO?

Answer Field

You can apply in Mukka Proteins Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Mukka Proteins Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Mukka Proteins Ltd IPO will be done on March 05, 2024, and the allotted shares will be credited to your demat account by March 06, 2024.

When is Mukka Proteins Ltd IPO listing date?

Answer Field

The Mukka Proteins Ltd listing date is March 07, 2024.

Who is the registrar of Mukka Proteins Ltd IPO?

Answer Field

The registrar of Mukka Proteins Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Mukka Proteins Ltd IPO?

Answer Field

The fresh issue size is ₹224 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Mukka Proteins Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 535 shares and ₹14,980 amount.

How can I approve the UPI mandate request for Mukka Proteins Ltd IPO?

Answer Field

To apply for Mukka Proteins Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Mukka Proteins Ltd?

Answer Field

The price of each Mukka Proteins Ltd share will be ranging in between ₹28 to ₹28 per share.

What is the cut-off time for the UPI mandate for Mukka Proteins Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 04, 2024.

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