{"id":1183,"date":"2024-03-04T12:47:36","date_gmt":"2024-03-04T12:47:36","guid":{"rendered":"https:\/\/readnownews.in\/?p=1183"},"modified":"2026-02-26T00:42:38","modified_gmt":"2026-02-25T19:12:38","slug":"mukka-protein-ipo","status":"publish","type":"post","link":"https:\/\/readnownews.in\/en\/mukka-protein-ipo\/","title":{"rendered":"Mukka Protein IPO: Last date Check Subscription status, GMP, Risks"},"content":{"rendered":"

The \u20b9224 crore<\/strong> Mukka Proteins initial public offering (IPO) comprises the issue of 8,00,00,000 stocks<\/strong>.
\nMukka Proteins IPO subscriptions are being accepted through today, March 4<\/strong>, and they started on February 29<\/strong>. Positive feedback has been received for the initial public offering in the first two days since its launch; on day two, it was subscribed to 6.97 times<\/strong>. On the first day, 2.47<\/strong> subscriptions were made, according to BSE data.<\/p>\n

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Mukka Protein IPO details\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \"Mukka<\/h2>\n

Bidding dates<\/strong> – 29 Feb 2024 – 4 March 2024<\/strong><\/p>\n

Min. Investment – 13,910\u00a0\u00a0<\/strong><\/p>\n

Lot size – 535\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\n

Price Range – 26Rs – 28Rs\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\n

Issue Size – 224.00 Cr\u00a0<\/strong><\/p>\n

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Subscripion Status<\/h2>\n

Qualified Institutional Buyers –\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0176.75x<\/p>\n

Non – Institutional Investor –\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0231.89x<\/p>\n

Retai Individual Investor –\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 53.15x<\/p>\n

Total –\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 129.14x<\/p>\n

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What is Mukka Protein?<\/h2>\n
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Animal protein<\/strong> manufacturer Mukka Proteins Limited is based in India<\/strong>. Its main products are fish meal, fish oil, and fish soluble paste,<\/strong> which are needed to make aqua feed (for shrimp and fish), poultry feed (for broilers and layers), and pet food (for cat and dog food)<\/strong>. They are among the top producers and distributors of fish-based goods in both the domestic and international markets, selling their goods both domestically and internationally to more than ten nations.<\/p>\n

Currently serving as the company’s managing director and CEO, Mr. Kalandan Mohammed Haris<\/strong>, the organization has a distinguished history spanning about fifty years in the Indian marine industry. The Mukka Group established one of the earliest steam-sterilized fishmeal mills in India, making them one of the industry pioneers.<\/p>\n

Other fascinating information regarding mukka proteins is as follows:<\/p>\n

In India, they hold a 25\u201330%<\/strong> market share.
\nThe initial public offering (IPO) of the company was more than 50 times<\/strong> oversubscribed.
\nIn the animal feeding sector, they are creating substitute proteins like Black Soldier Fly<\/strong> (BSF) Insect Meal.<\/p>\n

I found some information that two of their locations have open hours this week:<\/p>\n