Mukka Proteins IPO Open and Close Date, Lot Size and Reservation, 

Mukka Protein has announced its IPO with a fresh issue of Rs 225 crores. Its IPO date is coming soon, on 26 February 2024. Investors looking to invest in Mukka Protein, a manufacturer of fish products, keep reading the article.

Mukka Protein IPO

Mukka Protein Limited is mainly engaged in fish protein products such as fish oil, fish meal, etc. The firm has been awarded by the MPEDA ( Marine Products Export Development Authority), for its export performance of fish oil, meals, and other products in the fiscal years 2021, 2020, and 2019. They believe that they are the leading fish protein manufacturer in India. 

The firm has a wide range of distribution networks across PAN India. The company exports its product internationally to over ten countries such as Indonesia, Myanmar, South Korea, Philippines, etc.

The company has a strong consumer base across the nation. With a motive to strengthen the company, Mukka Protein has announced its Initial Public Offering (IPO).

The objective of the Mukka Protein IPO is to gain funding for the working capital, invest in the Associate, and the general purposes of the corporation.

The IPO of Mukka Protein is scheduled to open for subscription in five days on 26 February 2024. It will close in three trading days on 28 February 2024.

Dates Mukka Protein IPO Event
26 Feb 2024 IPO Subscription opens
28 Feb 2024 IPO Closing date
29 Feb 2024 IPO Allotments
28 Feb 2024 at 5:00 PM UPI mandate confirmation Cut-off time
1 March 2024 Refunds Initiation
4 March 2024 Listing date 

The IPO allotment is expected on the next day of the IPO closing date 29 February 2024. After the IPO allotments, Mukka Protein will list on BSE and NSE. The Mukka Protein IPO is expected to list on 4 March 2024 on BSE and NSE. 

Mukka Protein IPO

Mukka Protein IPO Details

The Mukka Protein IPO issue is a fresh issuance of up to 8 crores of Equity shares. It is a book-built issue, where applications are accepted by huge buyers on a firm allotment basis rather than asking them to apply in a public offer.

According to the details unveiled by Mukka Protein, the IPO will not have any offered-for-sale size (OFS), and the total issue can match up to ₹ 225 crore.

The registrar of the Mukka Protein IPO is Cameo Corporate Services Limited and the book running Lead Manager is Fedex Securities Pvt Ltd.

The price band of the IPO issue is to be announced and the face value of the issue is Rs ₹ per share.

The promoters of the company are Kalandan Muhammed Althaf, Kalandan Muhammed Haris, and Kalandan Muhammed Arif, they hold 100% shares.

Company Name Mukka Proteins Limited
Issue Type Book Built Issue
Face value ₹1 per share
Price band TBA
Total Issue Size [.] shares match up to ₹225 cr.
OFS Not applicable
Listing at  BSE, NSE

Mukka Protein IPO Reservations

The IPO reservations offered to investors in Mukka Protein’s upcoming IPO  are:

QIB (Qualified Institutional Buyers): The QIB investor’s shares offered not more than 50% of the net issue of the Mukka Protein IPO.

The QIB investors are large financial institutions and experts such as SCBs, public financial institutions, etc.

Retail Investors: The retail investor’s shares offered in Mukka Protein IPO are not less than 35% of the net issue of the IPO. 

NII (HNI): The Non-institutional Investors’ shares offered are not less than 15% of the net shares in the Mukka Protein IPO. The IPO investors in this category are investors who apply for shares worth Rs 2 lakhs in the public issue

Investor Category Offered Shares
Retail investors 35% of the net issue
QIB investors 50% of the net issue
NII (HNI) investors 15% of the net issue

Mukka Protein IPO Lot Size

The lot size and shares of Mukka Protein IPO have not been revealed yet. 

Investors Lot size Shares Amount
Retail (max.) 1
Retail (min.) 13
S-HNI (min.) 14
B-HNI (max.) 68

The company has gained a rise in revenue by 27.25% and the PAT hiked up to 134.5% in fiscal year 2021-22. The growth of the company has been visible over the years, so investors who are looking to invest in the firm, be ready 26 February is just a few days away.

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