Mukka Proteins IPO listing: Day 1 on NSE, BSE: Key Highlights

Mukka Proteins shares trade in green, up 5.63% at ₹42.25 apiece. The stock made its debut at ₹40 per share on NSE, with a day low of ₹38.25 per share and day high of ₹42.25 per share.

To know about Mukka Proteins listing, click here

Shares of Mukka Proteins made a decent stock market debut, listing at a premium of over 42%. After listing Mukka Proteins stock gained further traction trading 5.6% higher.

• Shares of Mukka Proteins made a decent stock market debut, listing at a premium of over 42% compared to IPO price band of ₹26 to ₹28 per share.

• However, post listing the company’s shares saw profit booking. At 10:45 am, Mukka Proteins shares are down 4.3%, trading around ₹38.25 per share.

• To know more about IPOs listing, schedule and upcoming IPOs, click here

On NSE Mukka Proteins shares opened at ₹40 per share compared to issue price of ₹28 per share giving listing gains of over 42%. Meanwhile, on BSE shares opened at ₹44 per share.

• Shares of Mukka Proteins are expected to make their stock market debut in the range of ₹60 to ₹65 per share today. This indicates a tentative listing day gain of over 120% compared to its IPO upper price band of ₹28 per share.

• The company is set to make its stock market debut at 10 am today

• To know more about IPOs listing, schedule and upcoming IPOs, click here

Shares of Mukka Proteins are set to debut on the bourses today. Ahead of IPO listing, the grey market premium for the Mukka Proteins shares stands at ₹35 per share. Hence the tentative listing price for the Mukka Proteins share could be between ₹60 to ₹65 per share.

• The initial public offer of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste received strong response from investors. The ₹224-crore IPO was subscribed nearly 137 times on the final day.

• The retail quota has received 58.52 times subscription, while the non-institutional investor (NII) category has been subscribed 250.38 times. The qualified institutional buyer (QIB) category has received 189.28 times subscription.