About Mukka Proteins LimitedIncorporated in 2003, Mukka Proteins Limited is a key manufacturer, supplier and exporter of fish protein products. In fiscal 2023, the company’s revenue from operations represented 25 to 30% of the total revenue of the fish meal and fish oil industry.Its products include fish meal, fish oil and fish-soluble paste. These ingredients are used to manufacture aqua feed, poultry feed and pet food. They are also used in pharmaceutical products, soap manufacturing, leather tanneries & paint industries.It is one of the first Indian companies to have commercialised insect meal and insect oil, known as insect protein, used for aqua, animal feed and pet food. It manufactures insect protein through its associate EPPL. The company exports its products to 10 countries outside India, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.Mukka Proteins operates six manufacturing facilities - four in India and two in Oman, held through its foreign subsidiary - Ocean Aquatic Proteins LLC. It also operates three blending facilities and five storage facilities located close to the coastline, enabling the company with fresh, adequate and cost-effective access to its key raw material, pelagic fish (raw fish). Moreover, the company has entered into contractual arrangements with third party manufacturing units in key coastal states like Karnataka, Gujarat and Maharashtra for the supply of fish meal and fish oil. It sources its raw materials from partnership firms, namely Ullal Fish Meal and Oil Company, Mangalore Fish Meal and Oil Company, Progress Frozen and Fish Sterilizetion, and Pacific Marine Products along with third party manufacturing units. Its key raw material is pelagic fish, which it sources from local fish catchers. Between FY21 and FY23, it saw a CAGR rise of 24% in its revenue from operations and 62% in its profit. Furthermore, the Indian fish meal and fish oil industry is expected to grow at a CAGR of 5% to 9% between FY22 and FY26, which could benefit the company. And now, Mukka Proteins Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue, and the money raised will be utilised to fund working capital requirements, invest in associate company, Ento Proteins and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Mukka Proteins Limited IPO:
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Here’s a quick look at Mukka Proteins Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Mukka Proteins Limited IPO details|Mukka Proteins Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Mukka Proteins IPO’s opening date – in other words, the Mukka Proteins IPO launch date – will be 29th February 2024. The Mukka Proteins IPO closing date is 4th March 2024. After this, investors will be updated about the allotment status on 5th March 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 6th March 2024. The Mukka Proteins IPO listing date is 7th March 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Mukka Proteins Limited IPO Price BandThe IPO is a fresh issue. The Mukka Proteins IPO price band has been set between ₹26 and ₹28 per share. Interested investors can choose a price within this band to apply for the IPO. The Mukka Proteins IPO listing price will be determined on 7th March 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |Mukka Proteins Limited IPO Lot size The Mukka Proteins IPO details have been declared. The Mukka Proteins IPO lot size is set at 535 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Mukka Proteins IPO issue size is approx ₹224 crore. |
How to pre-apply for the Mukka Proteins Limited IPO?You can pre-apply for the Mukka Proteins Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Mukka Proteins Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Mukka Proteins Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Mukka Proteins Limited IPO on Upstox:
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How to check the Mukka Proteins LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Mukka Proteins Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Mukka Proteins Limited IPOTo apply for the Mukka Proteins Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Mukka Proteins Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Mukka Proteins Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Mukka Proteins IPO means applying for this public issue before it goes live. Click here to pre-apply for the Mukka Proteins IPO on Upstox.
You can pre-apply for the Mukka Proteins IPO from 28 February 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Mukka Proteins IPO opens for the subscription.
The Mukka Proteins IPO launch date is 29th February 2024. The Mukka Proteins IPO will be open for subscription till 4th March 2024.
The Mukka Proteins lot size is 535 shares and the minimum investment required is ₹14,980.
The Mukka Proteins IPO price band is ₹26 – ₹28 per share
The size of the Mukka Proteins IPO is approx. ₹224 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 6th March 2024.
Mukka Proteins shares will be on NSE and BSE.
Mukka Proteins shares’ listing date is 7th March 2024.