Mukka Proteins IPO opens on 29 February: Check issue date, price band and other key details

The initial public offering (IPO) of Mukka Proteins will open for subscription on Thursday, 29 February 2024 and close on Monday, 4 March 2024. The allocation to anchor investors will be completed on Wednesday, 28 February 2024.

The company, which has set a price band of ₹26-₹28 per equity share, is planning to raise ₹224 crore. The IPO comprises fresh issue of up to 8,00,00,000 equity shares.

Mukka Proteins IPO: Issue date, lot size, price band, share allotment and key details

• Mukka Proteins IPO date: 29th February to 4th March
• Price band: ₹26-₹28 per equity share
• Issue size: ₹224 crore
• Lot size: Investor can bid for a minimum of 535 shares
• Mukka Proteins IPO allotment status: 5th March
• Credit of shares to demat account: 6th March
• Mukka Proteins IPO listing date: 7th March
• Listing date: The shares will be listed on 7th March on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

About Mukka Proteins

Mukka Proteins is involved in the business of manufacturing, supplying and exporting fish protein products. The company produces fish oil, fish meal and animal food.

The company exports its productions to ten nations–including China, Saudi Arabia, Bangladesh, Bahrain, Chile, Malaysia, Indonesia, Myanmar, Philippines, Oman, Taiwan and Vietnam. It has six manufacturing plants - four in India and two in Oman.

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.

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.

To know more and pre-apply for this IPO, click here