Mukka Proteins IPO: Check subscription status, allotment date and other key details

The Mukka Proteins IPO (initial public offering), which opened for subscription on February 29, closed on Monday, March 4. The public issue has already raised ₹67.20 crore from anchor investors on February 28.

The company plans to raise ₹224 crore by issuance of up to 8 crore equity shares. The price band has been set at ₹26-₹28 per equity share.

Mukka Proteins IPO subscription status

As per the data available on the National Stock Exchange (NSE) at 5:18 pm on Monday, Mukka Proteins IPO has been subscribed 62.94 times with qualified institutional buyers (QIBs) bidding for 72.18 times the shares reserved for them, non-institutional investors bidding for 116.96 times and retail investors bidding for 34.51 times.

Mukka Proteins IPO: Price band, lot size, share allotment and key details

• IPO date: February 20 to March 4, 2024
• Mukka Proteins price band: ₹26-₹28 per equity share
• Lot size: Interested investors can bid for a minimum of 535 shares
• Allotment status: March 5, 2024
• Credit of shares to demat account: March 6, 2024
• Mukka Proteins IPO listing date: The shares will be live on NSE and BSE on March 7, 2024.

About Mukka Proteins

Mukka Proteins Limited produces animal protein products, including fish oil, fish meal and fish-soluble paste. They also develop alternative protein sources such as black soldier fly (BSF) insect meal for use in animal food.

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

The company will use the funds raised from the IPO to cover working capital requirements, invest in an associate company, and for general corporate purposes.