Today is the last day to subscribe Mukka Proteins IPO. The company manufactures fish proteins and exports its products to over 20 countries such as Bahrain, Malaysia, Philippines, China, Saudi Arabia, South Korea, Oman, Vietnam, etc.
Mukka Proteins produces and supplies fish meal, fish oil, and fish-soluble paste. These are essential ingredients for aqua feed (for fish and shrimp), poultry feed (for broilers and layers), and pet food (for dog and cat food).
Currently, the company has six production facilities, of which four are in India and the remaining two in Oman. Mukka has three blending plants and five storage facilities, which are located in India.
10 things to know about Mukka Proteins IPO
IPO size: The company will raise Rs 224 crore from the investors.
Shares offered: The company is offering 80 million shares to the investors, totally a fresh issue.
Listing: The company’s shares will be listed on both BSE and NSE and are expected to be listed by March 7.
Price band: The company set the price band in the range of Rs 26-28 per equity share with a face value of Rs 1.
Minimum investment: A retail investor will have to invest Rs 14,980 or will have to buy 535 shares of the company.
BRLM: Fedex Securities is the lead-running book manager for the issue.
Registrar: Cameo Corporate Services is the registrar for the IPO of Mukka Proteins.
Anchor investor: The company raised Rs 67.20 from the anchor investors by offering them 24 million shares.
Objects to raise money: The company will be utilising these funds to fund working capital, Investment in the associate company for funding its working capital requirements, and other general corporate purposes.
GMP: The stocks of the company were seeing an 89% premium in the grey market ahead of listing.