Mukka Proteins IPO opens for subscription on February 26, 2024 and closes on February 28, 2024.
Mukka Proteins IPO is a book built issue of Rs 225.00 crores. The issue is entirely a fresh issue. The allotment for the IPO is expected to be finalized on Thursday, February 29, 2024. IPO will list on BSE, NSE with tentative listing date fixed as Monday, March 4, 2024.
Mukka Proteins IPO price bands are yet to be announced.
Fedex Securities Pvt Ltd is the book running lead manager of the Mukka Proteins IPO, while Cameo Corporate Services Limited is the registrar for the issue.
About Mukka Proteins Limited
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.
Mukka Proteins IPO Details
| IPO Date | February 26, 2024 to February 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹225.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹225.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 220,000,000 |
| Share holding post issue | 300,000,000 |
Mukka Proteins IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Mukka Proteins IPO Timeline (Tentative Schedule)
Mukka Proteins IPO opens on February 26, 2024, and closes on February 28, 2024.
| IPO Open Date | Monday, February 26, 2024 |
| IPO Close Date | Wednesday, February 28, 2024 |
| Basis of Allotment | Thursday, February 29, 2024 |
| Initiation of Refunds | Friday, March 1, 2024 |
| Credit of Shares to Demat | Friday, March 1, 2024 |
| Listing Date | Monday, March 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2024 |
Mukka Proteins IPO Promoter Holding
The Promoters of the Company are Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Mukka Proteins Limited Financial Information (Restated Consolidated)
Mukka Proteins Limited’s revenue increased by 27.25% and profit after tax (PAT) rose by 134.5% between the financial year ending with March 31, 2022 and March 31, 2021.
| Period Ended | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 392.30 | 353.93 |
| Revenue | 776.15 | 609.95 |
| Profit After Tax | 25.82 | 11.01 |
| Net Worth | 776.15 | 609.95 |
| Reserves and Surplus | 68.51 | 60.80 |
| Total Borrowing | 173.50 | 159.19 |
| Amount in ₹ Crore | ||
Mukka Proteins Limited Contact Details
Mukka Corporate House,
Door, No. 18-2-16/4, First Cross, NG Road, Attavar
Dakshina, Kannada, Mangaluru – 575 001
Phone: +918244252889
Email: cs@mukkaproteins.com
Website: https://www.mukkaproteins.com/
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