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Mukka Proteins Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹28
Per Share
GMP
NIL
Grey Market
Est. Listing
₹28
Expected Price
Min. Application
₹29,960
2 lots × 535 shares
IPO Issue Details
Issue Price / Price Band₹28 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size535 Shares per Lot
Total Issue Size8,00,00,000 shares (aggregating up to ₹224.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 29 Feb 2024
Subscription CloseMon, 04 Mar 2024
Anchor AllotmentWed, 28 Feb 2024
Basis of AllotmentTue, 05 Mar 2024
Initiation of RefundsWed, 06 Mar 2024
Credit of Shares to DematWed, 06 Mar 2024
Listing DateThu, 07 Mar 2024
UPI Mandate Deadline2024-03-04
Application & Investment Details
Retail — Min (1 Lots)₹14,980 — 535 shares
Retail — Max (13 Lots)₹194,740 (13 Lots)
HNI — Min (14 Lots)₹2,09,720 — 7,490 shares
EPS (Pre-IPO)₹2.16
EPS (Post-IPO)₹2.20
P/E Ratio (Pre-IPO)12.96x
P/E Ratio (Post-IPO)12.73x
Post-IPO Promoter Holding30,00,00,000 shares
About Mukka Proteins Ltd.

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, 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.

Objects of the Issue

Mukka Proteins Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding working capital requirements of the Company;
2
Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements; and
3
General Corporate Purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding Not Available
Post-IPO Promoter Holding 30,00,00,000 shares
Lock-in Period (30%)April 4, 2024
Lock-in Period (50%)June 3, 2024
Check AllotmentCheck Status →
Mukka Proteins Ltd. — Live Price LIVE
₹28.00
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Issue ₹28.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹28
GMPNIL
Est. Listing₹28
Lot Size535 shares
Min Amount₹29,960
Listing Date07 Mar 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹28
Listing Date07 Mar 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 80,000,000 100.00% ₹224.00 Cr
* Based on ₹28.00 (upper price band)
Lot Size & Investment Details
Lot Size
535
Shares
Issue Price
₹28.00
Per Share
Min Investment
₹14,980
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 535 ₹14,980
Retail (Max) 13 6,955 ₹194,740
sNII (Min) 14 7,490 ₹209,720
bNII (Min) 68 36,380 ₹1,018,640
Company Financials — Restated Consolidated (Amount in Crore)
Particulars30 Sep 202331 Mar 202331 Mar 2022
Revenue from Operations 612.88 1183.80 776.15
EBITDA N/A N/A N/A
Profit After Tax (PAT) 32.98 47.53 25.82
Net Worth 159.11 128.92 87.25
Total Assets 641.18 575.16 392.30
Reserves & Surplus 144.92 112.57 68.51
Total Borrowings 317.73 254.83 173.50
Key Ratios & Valuation
Issue Price ₹28
Face Value ₹1 Per Share
P/BV 4.78
RoE 36.71%
RoCE 17.62%
RoNW 34.19%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 1.64
Company Details
Company
Mukka Proteins Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹1 Per Share
Script Code
N/A
Address
Mukka Corporate House, Door, No. 18-2-16/4, First Cross, NG Road, Attavar Dakshina, Kannada, Mangaluru – 575 001 Mangaluru, Karnataka
Book Running Lead Managers
Fedex Securities Pvt.Ltd.
Book Running Lead Manager (BRLM)