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Mukka Proteins IPO IPO

Mainline29 Feb to 4 Mar, 202429 Feb to 4 Mar, 2024
Open
29 Feb to 4 Mar, 2024
Close
29 Feb to 4 Mar, 2024
3
Allotment
Listing
Thu, Mar 7, 2024
Price Band
₹26 to ₹28
Issue Size
8,00,00,000 shares (agg. up to ₹224 Cr)
Lot Size
535 Shares
Listing Date
Thu, Mar 7, 2024
Latest GMP
₹35
Est. Gain
125%
✦ AI Insight

GMP Trend

07-03-202435Est. ₹63+125%
06-03-202435Est. ₹63+125%
05-03-202435Est. ₹63+125%

Live Subscription

CategorySubscription (times)
Total95.35x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets641.18575.16392.30353.93
Total Income612.881,183.80776.15609.95
Profit After Tax32.9847.5325.8211.01
NET Worth159.11128.9287.2564.54
Reserves and Surplus144.92112.5768.5160.80
Total Borrowing317.73254.83173.50159.19
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Mayank Cattle Food Ltd.SME₹19.44 Cr₹10829.58₹119.95+11.06%₹213.00 (-0.95%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding working capital requirements of the Company120.00
2Investment in our Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements; and10.00
3General Corporate Purpose55.81

About Mukka Proteins IPO

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 contr

Contact Details

Mukka Proteins Ltd. AddressMukka Corporate HouseDoor, No.18-2-16/4, First Cross, NG Road, AttavarDakshina, KannadaMangaluru, Karnataka, 575001+918244252889cs@mukkaproteins.comVisit Website