Mukka Proteins Limited IPO Detail
Incorporated in March 2003, 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, four of which are in India and two in Oman, held by its foreign subsidiary Ocean Aquatic Proteins LLC. In addition, the company operates three blending plants and five storage facilities, all located in India. All of the company's facilities are strategically located near the coast.
The company is certified by NQA and UKAS Management Systems, with ISO 22000:2018 and ISO 9001:2015 standards.
As of December 31, 2022, the company has established contractual agreements with third party production facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra) and Ratnagiri (Maharashtra) for the supply of fishmeal and fish oil.
Company Promoters
Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf.IPO Details
IPO Opening Date | Feb 29, 2024 |
IPO Closing Date | Mar 04, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹1 per equity share |
IPO Price | ₹26 - 28 per equity share |
Market Lot | 535 Shares |
Min Order Quantity | 535 Shares |
Listing At | BSE, NSE |
Issue Size | ₹224 Cr |
Fresh Issue | ₹224 Cr |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 1.01x | - | - | 1.60x | 4.07x | 2.67x |
Day 2 | 1.86x | - | - | 6.26x | 10.38x | 7.07x |
Day 3 | 189.28x | - | - | 250.39x | 58.52x | 136.99x |
IPO Tentative Timetable
The Mukka Proteins Limited IPO open date is Feb 29, 2024, and the close date is Mar 04, 2024. The issue may list on Mar 07, 2024.
IPO Open Date | Feb 29, 2024 |
IPO Close Date | Mar 04, 2024 |
Basis of Allotment Date | Mar 05, 2024 |
Initiation of Refunds | Mar 06, 2024 |
Credit of Shares to Demat Account | Mar 06, 2024 |
IPO Listing Date | Mar 07, 2024 |
IPO Lot Size
The Mukka Proteins Limited IPO market lot size is 535 shares. A retail-individual investor can apply for up to 13 lots (6955 shares or ₹194740).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 535 | ₹14980 |
Maximum | 13 | 6955 | ₹194740 |
IPO Promoter Holding
Pre Issue Share Holding | 100% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 353.93 | 609.95 | 11.01 |
31-Mar-22 | 392.30 | 776.15 | 25.82 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements of the Company;
- Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements; and
- General Corporate Purposes.
Mukka Proteins Limited IPO Registrar:
Cameo Corporate Services Limited
Mukka Proteins Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Mukka Proteins Limited
Mukka Corporate House,
Door, No. 18-2-16/4, First Cross, NG Road, Attavar
Dakshina, Kannada, Mangaluru – 575 001