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3 min read | Updated on March 06, 2024, 11:38 IST
SUMMARY
Mukka Proteins shares are tentatively scheduled to be listed on the stock exchanges, NSE and BSE, on March 7. The bidders can check Mukka Proteins IPO share allotment status on BSE websites or the official portal of the registrar for the public issue.
Mukka Proteins IPO share allotment to be finalised on March 5: Here’s how to check status
Animal proteins products manufacturer Mukka Proteins is expected to announce the share allotment for its initial public offer (IPO) on Tuesday, March 5. The three-day subscription period for ₹224-crore maiden public offer of Mukka Proteins closed on Monday, March 4.
Mukka Proteins IPO subscription saw a strong demand from investors and was over-subscribed around 137 times. Reflecting the strong demand from institutional investors, the category for qualified institutional buyers was subscribed around 189 times at the close of the offer.
After the stellar IPO, investors are eagerly awaiting the allotment of shares. The credit of shares to Demat accounts and refunds will be initiated on March 6. Mukka Proteins shares are tentatively scheduled to be listed on the stock exchanges, NSE and BSE, on March 7.
While successful investors will be notified by the company about share allotment through emails and SMS, investors can easily check the allotment status on the official websites of NSE, BSE and registrar. Cameo Corporate Services Ltd is the registrar of the IPO.
The ₹224-crore public offer of Mukka Proteins received an overwhelming response from investors with the issue subscribing by more than 136 times.
The offer closed for subscription on Monday and it garnered applications for a total of 766.57 crore (7,66,57,65,155) equity shares against 5.6 crore (5,60,00,435) equity shares on offer.
Among different categories, the qualified institutional buyers’ (QIBs) portion was subscribed 189.28 times. The non-institutional investors’ portion was subscribed 250 times while the retail portion was subscribed 58.52 times.
The initial share sale of Mukka Proteins comprised a fresh issue of 5,60,00,435 equity shares. There was no Offer for Shares component. The company fixed the price band at ₹26-28 per share. The minimum lot size was 535 shares.
Mukka Proteins raised around ₹67 crore from anchor investors on February 28 ahead of the launch of the IPO.
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