Mukka Proteins IPO Details ( Mukka Proteins Limited IPO Review )
(29 Feb 2024 – 4 Mar 2024)
Established in March 2003, Mukka Proteins Limited specializes in manufacturing fish protein products. Our offerings include fish meal, fish oil, and fish soluble paste, crucial components for crafting aqua feed (for fish and shrimp), poultry feed (for broilers and layers), and pet food (for dogs and cats).
We proudly export our products to more than 10 countries, such as Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.
As of March 31, 2023, our company boasts a team of 385 individuals spread across various departments, including technical and support staff, administration, management, and operations.
Operating six production facilities, with four based in India and two in Oman through our foreign subsidiary Ocean Aquatic Proteins LLC, we also manage three blending plants and five storage facilities, all strategically situated along the coast in India.
Certified by NQA and UKAS to adhere to ISO 22000:2018 and ISO 9001:2015 management system standards, our commitment to quality is unwavering.
By December 31, 2022, we had secured contractual arrangements with third-party manufacturing facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra), and Ratnagiri (Maharashtra) for a steady supply of fishmeal and fish oil.
Mukka Proteins Limited IPO Competitive Strength
- Our position as a leading manufacturer and exporter of Fish Protein products
- Established customer base and strong relationships
- Strategically located Facilities
- Entry Barriers
- Strong and consistent financial performance
- Focus on Quality, Environment, Health and Safety (QEHS)
- Experienced Promoter Directors with extensive domain knowledge
Mukka Proteins IPO Financials Performance ( Results )
Mukka Proteins Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 353.93 | 609.95 | 11.01 | 0.41 | 64.54 | 2.93 | 60.80 | 159.19 |
| 31-Mar-22 | 392.30 | 776.15 | 25.82 | 1.10 | 87.25 | 3.97 | 68.51 | 173.50 |
| 31-Mar-23 | 575.16 | 1,183.80 | 47.53 | 2.00 | 128.92 | 5.86 | 112.57 | 254.83 |
| 30-Sep-23 | 641.18 | 612.88 | 32.98 | 1.47 | 159.11 | 7.23 | 144.92 | 317.73 |
Objective of Mukka Proteins IPO Issue
- 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 IPO Basic Details
| IPO Date | Feb 29, 2024 to Mar 4, 2024 |
| Listing Date | Thursday, March 7, 2024 |
| Face Value | ₹1 per share |
| Price | ₹26 to ₹28 per share |
| Lot Size | 535 Shares |
| Issue Size | 80,000,000 shares of ₹1 (aggregating up to ₹224.00 Cr) |
| Fresh Issue | 80,000,000 shares of ₹1 (aggregating up to ₹224.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 220,000,000 |
| Share holding post issue | 300,000,000 |
| Company Promoters | Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf |
Mukka Proteins IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Mukka Proteins IPO Timetable
Mukka Proteins IPO will open on February 29, 2024 and close on March 4, 2024. You can join Mukka Proteins IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 29 February 2024 (Thursday) |
| Closing Date | 4 March 2024 (Monday) |
| Basis of Allotment | 5 March 2024 (Tuesday) |
| Initiation of Refunds | 6 March 2024 (Wednesday) |
| Credit of Shares to Demat | 6 March 2024 (Wednesday) |
| Listing Date | 7 March 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 4 March 2024 |
Mukka Proteins IPO Lot Size
For retail investors in Mukka Proteins IPO, 535 shares will come in 1 lot or the minimum investment will be ₹14,980. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹194,740.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 535 | ₹14,980 |
| Retail (Max) | 13 | 6,955 | ₹194,740 |
| S-HNI (Min) | 14 | 7,490 | ₹209,720 |
| S-HNI (Max) | 66 | 35,310 | ₹988,680 |
| B-HNI (Min) | 67 | 35,845 | ₹1,003,660 |
Mukka Proteins IPO Promoter Holding
The company’s promoters include Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Mukka Proteins Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 840 |
| Earning Per Share (EPS) | ₹2.00 per Equity Share |
| Net Asset Value (NAV) | ₹5.86 per Equity Share |
| P/E Ratio (P/E) (x) | 12.96 |
| Post P/E Ratio (P/E) (x) | 12.73 |
| Return on Net Worth (RoNW) (%) | 34.19 |
| Return on equity (ROE) (%) | 36.71 |
| Return on Capital Employed (ROCE) (%) | 17.62 |
| Debt/Equity Ratio | 1.64 |
| Price/Book Value Ratio | 4.78 |
Mukka Proteins IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹15 | – | – |
| 29 February 2024 | ₹15 | – | – |
| 28 February 2024 | ₹15 |
Mukka Proteins IPO Detail Video:
Mukka Proteins IPO Subscription Status (Bidding Detail)
The Mukka Proteins IPO on March 4, 2024 at 7:30:00 PM was subscribed 136.99 times, with the retail category being subscribed 58.52 times, the NII (Non-Institutional Investor) category being subscribed 250.39 times, QIB (Qualified-Institutional Buyers) category being subscribed 189.28 times.
| Category | Subscription |
| QIB | 189.28x |
| NII | 250.39x |
| Retail | 58.52x |
| Total | 136.99x |
Mukka Proteins IPO Prospectus
| Mukka Proteins IPO DRHP | Download |
| Mukka Proteins IPO RHP | Download |
| Mukka Proteins IPO Anchor Investors Details PDF | Download |
Mukka Proteins IPO Rating
| Our Rating | 3.5/5.0 |
Mukka Proteins Company Contact Information
Mukka Proteins Limited
Corporate Identity Number: U05004KA2010PLC055771
Registered Office: Mukka Corporate House, Door No. 18-2-16/4, First Cross, NG Road, Attavara, Dakshina Kannada, Mangaluru 575001, Karnataka
Tel: +918244252889
Contact Person: Mehaboobsab Mahmadgous Chalyal, Company Secretary and Compliance Officer
E-mail: cs@mukkaproteins.com
Website: www.mukkaproteins.com
Our Promoters: Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf
Mukka Proteins IPO Registrar
Cameo Corporate Services Limited
Registered Office: Subramanian Building, 5th Floor, No. 1 Club House Road, Chennai – 600 002, India
Tel: +91 4440020700 (5 lines)
Fax: +91 4428460129
Email: priya@cameoindia.com
Investor Grievance Email: mukka@cameoindia.com
Website: www.cameoindia.com
Contact Person: K Sreepriya
SEBI Registration Number: INR000003753
Mukka Proteins IPO Lead Manager
Fedex Securities Private Limited
Registered Office: B 7, 3rd Floor, Jay Chambers Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Tel: +918104985249
Email: mb@fedsec.in
Investor Grievance Email: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Saipan Sanghvi
SEBI Registration No: INM000010163
Mukka Proteins IPO FAQs
What is the lot size of Mukka Proteins IPO?
The total size of Mukka Proteins IPO is ₹224.00 crores and this is a complete fresh Issue.
When will Mukka Proteins IPO start?
Mukka Proteins IPO will open from 29 February 2024 and IPO will close on 4 March 2024.
What is the open date of Mukka Proteins IPO?
Mukka Proteins IPO will open date from 29 February 2024.
What is the last date ( close date ) of Mukka Proteins IPO?
Mukka Proteins IPO will close from 5 March 2024.
What is the price band of Mukka Proteins IPO?
Mukka Proteins IPO price band is ₹26 to ₹28. ( Upper Price Band: ₹28, Lower Price Band: ₹26 )
What is the minimum amount required to apply for Mukka Proteins IPO?
The minimum investment for retailers to apply for Mukka Proteins IPO is ₹14,980 and the maximum investment is ₹194,740.
What is going on gray market premium of Mukka Proteins IPO?
View gray market premium of Mukka Proteins IPO by Clicking Here
How much is the GMP of Mukka Proteins IPO?
Watch Mukka Proteins IPO GMP Today: Click Here
What is the allotment date of Mukka Proteins IPO?
The allotment date of Mukka Proteins IPO is 5 March 2024.
How to check allotment status in Mukka Proteins IPO?
To check the allotment status of Mukka Proteins IPO, first of all go to the registrar website by clicking here, select your bad Mukka Proteins IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Mukka Proteins IPO?
The listing date of Mukka Proteins IPO is 7 March 2024.
How much will be the listing gain in Mukka Proteins IPO?
View listing gain of Mukka Proteins IPO by Clicking Here
How much time Mukka Proteins IPO is subscribed?
Total 136.99 times subscribed in Mukka Proteins IPO out of which 58.52 times subscription was done in retail quota, 250.39 times subscription in NII quota and 189.28 times subscription in QIB quota.
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