Mukka Proteins Limited IPO
Mukka Proteins Limited IPO is listed on BSE and NSE, priced at ₹26–₹28 per share. The stock debuted at ₹40, delivering a listing gain of 42.9%. The IPO had a lot size of ₹535 shares and a minimum investment of ₹14,980.
Mukka Proteins Limited IPO
- IPO Dates
- Feb 29, 2024 – Mar 4, 2024
- Price band
- ₹26-28 per equity share
- Minimum Investment
- ₹14,980
- Issue size
- ₹224 Cr
- Lot size
- 535
- Allotment Date
- Mar 5, 2024
- Listing
- Mar 7, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Feb 29, 2024
Open Date
Completed
-
Mar 4, 2024
Close Date
Completed
-
Mar 5, 2024
Allotment Date
Completed
-
Mar 7, 2024
Listing Date
Completed
Price Summary
- Last closing
- 23.97 (-14.39%)
- 52 week high
- 32.80
- 52 week low
- 18.27
- Last update
Mukka Proteins Limited IPO Essentials
Mukka Proteins Limited IPO Details
Mukka Proteins Limited IPO is priced at ₹26-28 per share with a total issue size of 224 crore. The IPO has a lot size of 535 shares and is listed on BSE and NSE.
- Issue price
- ₹26-28 per equity share
- Lot size
- 535 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- 80,000,000 shares(aggregating up to ₹224.00 Cr
- Total issue size
- 8,00,00,000 shares
(aggregating up to ₹224 crore) - Fresh issue
- 8,00,00,000 shares
(aggregating up to ₹224 crore) - Listing at
- BSE, NSE
- List price
- 40.0(NSE)
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Fedex Securities Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 535 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 535 | ₹14,980 |
| Retail(max) | 13 | 6955 | ₹1,94,740 |
| sHNI(min) | 14 | 7,490 | ₹2,09,720 |
| sHNI(max) | 66 | 35,310 | ₹9,88,680 |
| sHNI(min) | 67 | 35,845 | ₹10,03,660 |
Mukka Proteins Limited IPO Documents
Mukka Proteins Limited IPO Reservation
Mukka Proteins Limited IPO reservation details show category-wise allocation of shares. Out of the total 80,000,000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 23,999,565 (30%) | |
| QIB Shares Offered | 16,000,435 (20%) | |
| NII (HNI) Shares Offered | 12,000,000 (15%) | |
| bHNI > ₹10L | 8,000,000 (10%) | 1,068 |
| sHNI < ₹10L | 4,000,000 (5%) | 534 |
| Retail Shares Offered | 28,000,000 (35%) | 52,336 |
| Total Shares Offered | 80,000,000 (100%) |
Mukka Proteins Limited IPO Analytics
Mukka Proteins Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Mukka Proteins Limited IPO Subscription Status
Mukka Proteins Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 16,000,435 |
12,000,000
8,000,000
4,000,000
|
28,000,000 | 56,000,435 |
|
Day 1
29-02-24 05:00 PM
|
1.01 x |
1.55x
0.71x
3.24x
|
3.70 x | 2.47 x |
|
Day 2
01-03-24 05:00 PM
|
1.86 x |
6.22x
3.12x
12.41x
|
10.21 x | 6.97 x |
|
Day 3
04-03-24 05:00 PM
|
189.28 x |
250.26x
254.15x
242.48x
|
58.36 x | 136.89 x |
Mukka Proteins Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.16/-
- EPS Post IPO
- ₹2.20/-
- P/E Pre IPO
- 12.96
- P/E Post IPO
- 12.73
Returns
- ROE
- 36.71%
- ROCE
- 17.62%
- RoNW
- 34.19%
Fundamentals
- Debt / Equity
- 1.64
- Price / Book
- 4.78
Mukka Proteins Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 575.16 | 392.30 | 353.93 |
| Revenue | 1,183.80 | 776.15 | 609.95 |
| Profit After Tax | 47.53 | 25.82 | 11.01 |
| Net Worth | 128.92 | 87.25 | 64.54 |
| Reserves & Surplus | 112.57 | 68.51 | 60.80 |
| Total Borrowing | 254.83 | 173.50 | 159.19 |
Mukka Proteins Limited Company & Offer Insights
About Mukka Proteins Limited
Mukka Proteins Limited manufactures fish protein products. The company produces and supplies fish meal, fish oil and fish soluble paste, which are essential ingredients for the production of aqua feed (for fish and shrimp), poultry feed (for broilers and layers) and pet food (for dog and cat food).
The company exports its products to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.
As of March 31, 2023, the company employed 385 people from various departments, including technical and support staff, administration, management and operations.
The company currently operates six production facilities, including four in India and two in Oman, which are held by its foreign subsidiary Ocean Aquatic Proteins LLC. In addition, the company operates three blending plants and five storage facilities, all of which are located in India. All of the company's facilities are strategically located near the coast.
The company is certified by NQA and UKAS to ISO 22000:2018 and ISO 9001:2015 management system standards.
As of December 31, 2022, the company has contractual arrangements with third-party manufacturing facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra) and Ratnagiri (Maharashtra) for the supply of fishmeal and fish oil.
Mukka Proteins Limited Promoter(s)
Kalandan Mohammed Haris, Kalandan Mohammad Arif, Kalandan Mohammed Althaf are the company's promoters of Mukka Proteins Limited.
Mukka Proteins Limited IPO Issue Objectives
- •
- Funding working capital requirements of the Company
- •
- Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements
- •
- General Corporate Purposes.
Mukka Proteins Limited IPO - Anchor Investors
Mukka Proteins IPO | Institutional investors pick Rs 67 crore worth shares via anchor book.
The Karnataka-based company, in its filing to exchanges, said it has finalised allocation of 2,39,99,565 equity shares to anchor investors at a price of Rs 28 per equity share.
Total six investors participated in the anchor book including Neomile Growth Fund, Saint Capital Fund, Eminence Global Fund, and Elara India Opportunities Fund.
Neomile Growth Fund was the largest investor amongst them, buying Rs 16.19 crore worth of shares, followed by Eminence Global Fund which picked Rs 11 crore-worth shares of the company in the anchor book round, while the rest of the 4 participants acquired Rs 10 Crore shares each.
Mukka Proteins Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Mukka Proteins Limited | 2 | 2 | 5.86 | N/A | 34.19 | N/A | Consolidated |
| Avanti Feeds Ltd. | 20.45 | 20.45 | 174.45 | 25 | 13.14 | 2.94 | Consolidated |
| Godrej Agrovet Ltd | 15.71 | 15.71 | 142.78 | 33.23 | 10.77 | 3.58 | Consolidated |
| Zeal Aqua Ltd | 0.56 | 0.56 | 5.61 | 20.63 | 9.97 | 2.14 | Consolidated |
| Waterbase Ltd. | -0.84 | -0.84 | 44.1 | N/A | -1.9 | 1.89 | Consolidated |
Notes:
- Considering the nature and size of the business of the Company the peers are not strictly comparable. However, the above company is included for broad comparison.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves, if any) and as attributable to the owners of the Company.
- P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on February 23, 2024 sourced from the website of Stock Exchanges as divided by the Basic/diluted EPS as applicable.
- RoNW is computed as net profit after tax (excluding comprehensive income), as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
Contact Information
Frequently Asked Questions
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Mukka Proteins Limited IPO is a book-built IPO worth ₹224 crore. The price band is ₹26–₹28 per share. The IPO opens on Feb 29, 2024 and closes on Mar 4, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The price band of Mukka Proteins Limited IPO is ₹26 to ₹28 per share.
The lot size of Mukka Proteins Limited IPO is 535 shares.
The minimum investment for Mukka Proteins Limited IPO is approximately ₹14,980 based on the upper price band .
Mukka Proteins Limited IPO opens on Feb 29, 2024 and closes on Mar 4, 2024.
The allotment date of Mukka Proteins Limited IPO is Mar 5, 2024.
Mukka Proteins Limited IPO is expected to be listed on Mar 7, 2024, on BSE and NSE .
Mukka Proteins Limited IPO listed on Mar 7, 2024. It was issued at ₹40.0(NSE) and is currently around ₹23.97 as on 14-May-2026 3:30 PM, which is approximately -14.4% versus issue price. The 52-week high is ₹32.80.
Based on listing and post-listing performance, Mukka Proteins Limited IPO delivered around -14.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Mukka Proteins Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Mukka Proteins Limited IPO valuation snapshot: P/E 12.73, EPS ₹2.20/-, P/B 4.78, RoNW 34.19%, and market cap N/A.
To apply for Mukka Proteins Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Mukka Proteins Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Mukka Proteins Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Mukka Proteins Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Mukka Proteins Limited IPO allotment status on IPO Ji for quick and easy access.