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IPO Status: Listed [29th Feb 2024 to 4th Mar 2024]
Mukka Proteins IPO, a Mainline IPO of ₹224.00 Cr was launced on 29-02-2024 to 04-03-2024 and the shares got listed on BSE, NSE on 07-03-2024.
The public issue of Mukka Proteins IPO (MUKKA,544135) was offered at ₹28.00 per share and the ipo was listed at ₹40. It has delivered listing gain of 42.86%.
As the minimum lot size was 535 shares, the IPO has offered Rs 6420 per lot return on listing.
| IPO Issue Opening Date: | 29th Feb 2024 |
| IPO Issue Closing Date: | 4th Mar 2024 |
| IPO Issue Price: | ₹26.00-28.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹224.00 Cr |
| Fresh Issue: | ₹224.00 Cr |
| Face Value: | ₹1 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544135 |
| NSE Code: | MUKKA |
Get important updates regarding Mukka Proteins IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Mar 2024 |
| Refunds Initiation* | 6th Mar 2024 |
| Credit of Shares to Demat* | 6th Mar 2024 |
| IPO Listing Date* | 7th Mar 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹26.00-28.00 |
| Market Lot: | 535 Shares |
| 1 Lot Amount: | ₹14980 |
| Min Small HNI Lots(2-10 Lakh): | 7490 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 35845 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-03-2024 | 28.00 | 35 | 14200/198800 | ₹63 (125%) | 7-Mar-2024 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Mukka Proteins is one of the key players in the Fish Protein industry in India. It manufactures and supplies fish meal, fish oil and fish soluble paste used as a special ingredient in manufacturing aqua feed, poultry feed, and pet food.
The firm sells its product in the domestic market and also export them to 10+ countries including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.
It has 6 manufacturing facilities out of which 4 are located in India and 2 are operated through a joint subsidiary, Ocean Aquatic Proteins LLC. Also, the company has 3 blending facilities and 5 storage facilities in India.
As of Dec 31, 2022, it has an aggregate manufacturing capacity of 1,15,050 MTPA of fish oil, 16,950 MTPA of fish oil, and 20,340 MTPA of fish soluble paste.
Mukka Proteins is one of the key players in the Fish Protein industry in India. It manufactures and supply fish meal, fish oil and fish soluble paste used as a special ingredient in manufacturing aqua feed, poultry feed, and pet food.
The firm sells its product in the domestic market and also export them to 10+ countries including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.
It has 6 manufacturing facilities out of which 4 are located in India and 2 are operated through joint subsidiary, Ocean Aquatic Proteins LLC. Also, the company has 3 blending facilities and 5 storage facilities in India.
As of Dec 31, 2022, it has an aggregate manufacturing capacity of 1,15,050 MTPA of fish oil, 16,950 MTPA of fish oil and 20,340 MTPA of fish soluble paste.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Food | ₹224.00 Cr | https://www.mukkaproteins.com/ |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 16,000,435 (28.57%) | 12,000,000 (21.43%) | 28,000,000 (50%) | 56,000,435 | |
| 1 | 29th Feb 2024 19:04 | 1.01x | 1.60x | 4.07x | 2.67x |
| 2 | 1st Mar 2024 19:04 | 1.86x | 6.26x | 10.38x | 7.07x |
| 3 | 4th Mar 2024 19:04 | 189.28x | 250.39x | 58.52x | 136.99x |
Mukka Proteins Limited's revenue increased by 52.52% and profit after tax (PAT) rose by 84.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 641.18 | 575.16 | 392.30 | 353.93 |
| Revenue | 612.88 | 1,183.80 | 776.15 | 609.95 |
| Profit After Tax | 32.98 | 47.53 | 25.82 | 11.01 |
| Net Worth | 159.11 | 128.92 | 87.25 | 64.54 |
| Reserves and Surplus | 144.92 | 112.57 | 68.51 | 60.80 |
| Total Borrowing | 317.73 | 254.83 | 173.50 | 159.19 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Mukka Proteins Limited | 2 | 2 | 5.86 | 34.19 | ||
| Avanti Feeds Ltd. | 20.45 | 20.45 | 174.45 | 25 | 13.14 | Consolidated |
| Godrej Agrovet Ltd | 15.71 | 15.71 | 142.78 | 33.23 | 10.77 | Consolidated |
| Zeal Aqua Ltd | 0.56 | 0.56 | 5.61 | 20.63 | 9.97 | Consolidated |
| Waterbase Ltd. | -0.84 | -0.84 | 44.1 | -1.9 | Consolidated |
Last Updated on 11-Mar-2024 07:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mukka Proteins IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mukka Proteins IPO with Zerodha.
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Mukka Proteins IPO Review and Important Updates
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| Mukka Proteins IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Mukka Proteins IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Mukka Proteins IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Mukka Proteins IPO. Most of the Syndicate Banks provide access to apply in Mukka Proteins IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mukka Proteins IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Mukka Proteins IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Mukka Proteins IPO Review and Important Updates
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Applying in Mukka Proteins IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Mukka Proteins IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
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Steps to download the online application form for Mukka Proteins IPO
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Mukka Proteins IPO is going to be list on 07-03-2024. NSE Code for Mukka Proteins is MUKKA. BSE Code for Mukka Proteins is 544135.
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Mukka Proteins IPO Allotment Date is 05-03-2024.
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