Mukka Proteins IPO Details
| IPO Size | 224 |
| Price Range | ₹26 to ₹28 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 535 |
| Investment (cut-off price) | ₹14,980 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Mukka Proteins IPO Timelines
29/02/2024
Start Date04/03/2024
End Date06/03/2024
Refund Initiation06/03/2024
Credit of Shares to Demat Ac07/03/2024
Listing DateMukka Proteins IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 535 | ₹14,980 |
| Retail Maximum | 13 | 6955 | ₹194,740 |
| S-HNI Minimum | 14 | 7490 | ₹209,720 |
| B-HNI Minimum | 67 | 35845 | ₹1,003,660 |
Mukka Proteins IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 189.28 x | 250.38 x | 58.52 x | -- | 136.99 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹40 | ₹42.25 | ₹42.25 | ₹38.25 |
Mukka Proteins IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹609.95 | ₹598.31 | ₹11.01 |
| FY 2022 | ₹776.15 | ₹741.18 | ₹25.82 |
| FY 2023 | ₹1183.80 | ₹1119.32 | ₹47.52 |
| FY 2024 (6M) | ₹612.88 | ₹569.89 | ₹32.98 |
About Company
Mukka Proteins is a manufacturer of Fish Protein products such as fish meal, fish oil, and fish soluble paste. These ingredients are used for aqua feed, poultry feed, pet food, pharmaceuticals, soap, leather, and paint industries.
Mukka Proteins exports its products to about 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. The company operates 6 manufacturing facilities. Four of these facilities are situated in India, while the remaining two are held through their Foreign Subsidiary, Ocean Aquatic Proteins LLC, located in Oman.
Additionally, the company manages 3 blending facilities and 5 storage facilities, all strategically positioned in close proximity to the coastline within India.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2010 | FMCG | Mohammed Haris |
Know Before Investing
Mukka Proteins IPO Strengths
- It is a leading manufacturer and exporter of Fish Protein products.
- The company has long-established relationships with key customers.
- Operates in an industry with high entry barriers.
- It has strong and consistent financial performance.
- The company has a great focus on Quality, Environment, Health and Safety (QEHS).
- Skilled and experienced management team with industry experience.
Mukka Proteins IPO Risks
- A significant majority of their revenues from operations are derived from a limited number of customers.
- It also generates a majority of their revenue through the sale of fishmeal in India, China, Vietnam and Japan.
- The company is subject to exchange rate fluctuations.
- Some Group Companies have incurred losses in the previous financial years.
- It has experienced negative cash flows in the past.
Swot Analysis for Mukka Proteins IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Details
Mukka Proteins Limited
Mukka Corporate House,
Door, No. 18-2-16/4, First Cross, NG Road, Attavar
Dakshina, Kannada, Mangaluru – 575 001
Phone: +918244252889
Email: cs@mukkaproteins.com
Website: https://www.mukkaproteins.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Mukka Proteins IPO are:
- Funding working capital requirements of their Company.
- Investment in their Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements.