Last updated on March 7, 2024
Mukka Proteins IPO Description – Mukka Proteins operates as a producer of fish protein items. The company is involved in the production and distribution of fish meal, fish oil, and fish-soluble paste. These products serve as vital components in the creation of aqua feed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (for dogs and cats).
The corporation ships its products to more than 10 countries, which encompass Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, the Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. As of 31 March 2023, the company’s workforce consists of 385 individuals from diverse departments, spanning skilled and unskilled labor, administration, management, and operations.
At present, Mukka Proteins manages six manufacturing units, with four situated in India and two owned by its Foreign Subsidiary, Ocean Aquatic Proteins LLC, positioned in Oman. Furthermore, the company runs three blending facilities and five storage facilities, all of which are based in India. All these establishments are strategically positioned close to the coastline.
As of 31 December 2022, Mukka Proteins has an annualized combined manufacturing capacity of 115,050 metric tonnes per annum (MTPA) for fish meal, 16,950 MTPA for fish oil, and 20,340 MTPA for fish soluble paste.
Promoters of Mukka Proteins – Kalandan Mohammed Haris, Kalandan Mohammad Arif, and Kalandan Mohammed Althaf
Table of Contents
Mukka Proteins IPO Details
| Mukka Proteins IPO Dates | 29 February – 4 March 2024 |
| Mukka Proteins Issue Price | INR 26 – 28 per share |
| Fresh issue | 80,000,000 shares (INR 224 crore) |
| Offer For Sale | NIL |
| Total IPO size | 80,000,000 shares (INR 224 crore) |
| Minimum bid (lot size) | 525 shares (INR 14,700) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Mukka Proteins Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 549.25 | 603.83 | 770.50 | 1,177.12 | 606.04 |
| Expenses | 537.01 | 598.32 | 741.18 | 1,119.32 | 569.89 |
| Net income | 13.57 | 11.01 | 25.82 | 47.53 | 32.98 |
| Margin (%) | 2.47 | 1.82 | 3.35 | 4.04 | 5.44 |
Mukka Proteins Offer News
- Mukka Proteins: 10 Points You Need to Know
- Mukka Proteins RHP
- Mukka Proteins DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Mukka Proteins Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.60 | 0.41 | 1.10 | 2.00 |
| PE ratio | – | – | – | 13.0 – 14.0 |
| RONW (%) | 23.40 | 13.91 | 27.75 | 34.19 |
| NAV | 2.56 | 2.93 | 3.97 | 5.86 |
| ROCE (%) | 9.65 | 5.86 | 13.86 | 17.62 |
| EBITDA (%) | 5.76 | 5.27 | 7.04 | 8.01 |
| Debt/Equity | 2.45 | 2.31 | 1.68 | 1.64 |
Mukka Proteins IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 6 March 2024 | 30 | – | 12,500 |
| 5 March 2024 | 30 | – | 12,500 |
| 4 March 2024 | 25 | – | 11,000 |
| 2 March 2024 | 25 | – | 10,000 |
| 1 March 2024 | 25 | – | 9,500 |
| 29 February 2024 | 17 | – | 6,500 |
| 28 February 2024 | 17 | – | 6,500 |
| 27 February 2024 | 15 | – | 6,000 |
| 26 February 2024 | 15 | – | – |
| 23 February 2024 | 15 | – | – |
| 22 February 2024 | 12 | – | – |
| 21 February 2024 | 17 | – | – |
Mukka Proteins IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 16,000,435 | 12,000,000 | 28,000,000 | 56,000,435 |
| 4 Mar 2024 | 189.28 | 250.38 | 58.52 | 136.99 |
| 1 Mar 2024 | 1.86 | 6.26 | 10.35 | 7.01 |
| 29 Feb 2024 | 1.01 | 1.55 | 3.70 | 2.47 |
Mukka Proteins IPO Allotment Status
Mukka Proteins IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Mukka Proteins IPO Dates & Listing Performance
| IPO Opening Date | 29 February 2024 |
| IPO Closing Date | 4 March 2024 |
| Finalization of Basis of Allotment | 5 March 2024 |
| Initiation of refunds | 6 March 2024 |
| Transfer of shares to demat accounts | 6 March 2024 |
| Mukka Proteins IPO Listing Date | 7 March 2024 |
| Opening Price on NSE | INR 40 per share (up 42.86%) |
| Closing Price on NSE | INR 42.25 per share (up 50.89%) |
Mukka Proteins IPO Reviews – Subscribe or Avoid?
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Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
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Elite Wealth – Apply for listing gains
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Jainam Broking – Neutral
KR Choksey –
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Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Not rated
SMC Global – 2/5
Swastika Investmart – Subscribe for long term
Ventura Securities – Subscribe
Mukka Proteins Offer Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email:Â [email protected]
Website:Â www.fedsec.in
Mukka Proteins Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 5th Floor, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone:Â +91-44-40020700
Email:Â [email protected]
Website:Â www.cameoindia.com
Mukka Proteins Contact Details
MUKKA PROTEINS LIMITED
Mukka Corporate House, Door No. 18-2-16/4,
First Cross, NG Road, Attavara, Dakshina Kannada,
Mangaluru 575001, Karnataka
Phone:Â +918244252889
Email:Â [email protected]
Website: www.mukkaproteins.com
Mukka Proteins Issue FAQs
How many shares in Mukka Proteins IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Mukka Proteins Public Offer?
The best way to apply in Mukka Proteins public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Mukka Proteins IPO GMP today?
Mukka Proteins IPO GMP today is INR 30 per share.
What is Mukka Proteins kostak rate today?
Mukka Proteins kostak rate today is INR NA per application.
What is Mukka Proteins Subject to Sauda rate today?
Mukka Proteins Subject to Sauda rate today is INR 12,500 per application.
