IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
Mukka Proteins has filed DRHP with SEBI seeking approval to offload up to 8 crore equity shares with a face value of Rs 1 per share. Mukka Proteins Limited manufactures animal protein, including a wide range of animal food.
Mukka Protein Ltd. caters to the aquaculture industry, one of the world’s fastest-growing food sectors.
The company produces Fish Meal, Fish Oil, and Fish Soluble Paste, alternative proteins like Black Soldier Fly (BSF) Insect meal in the animal food category. They ranked 350 in Financial Times FT1000 High Growth Companies Asia Pacific 2021 edition.
Mukka Proteins Ltd. Objective
- The company wants to use the net proceeds from the public issue to meet working capital requirements, part repayment of the working capital limit, and general corporate purposes.
Why should you invest in Mukka Proteins Ltd. IPO?
Here are our top reasons.
- Aquaculture is one of the fastest-growing sectors worldwide, and India is the second largest farmed fish producer in the world after China holding more than 8% market share.
- India is the global leader in shrimp exporting, capturing about 26% of the market size.
- The company produces fishmeal and oil - the two most essential ingredients in Aquafeed.
- The government has issued the Blue economic policy to further augment India’s Marine sector’s growth and drafted several guidelines to give impetus to Indian fishermen.
Competitive Peers
None of the listed companies in India offers products or services across the various business segments Mukka Protein operates. Hence, a strict comparison isn’t possible.
IPO Financials
| Particulars | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue From Operation | 6038.34 | 5492.48 | 4087.89 |
| EBITDA | 218.80 | 237.88 | 226.68 |
| EBITDA Margin (%) | 3.62 | 4.33 | 5.55 |
| Profit After Tax | 110.10 | 135.74 | 136.81 |
| EPS | 0.28 | 0.50 | 0.62 |
| ROE | NA | NA | NA |
Know before investing
Strengths
3
The group is well positioned to bring the government's vision into reality and play a key role in India's blue economy.
The company is well positioned to leverage its position as one of the earliest innovators in the alternative protein space.
The Company aims to expand its Fish Meal and Fish Oil business worldwide by diversifying into Insect meal production and as the world's most diversified animal protein producer.
Risks
3
There are pending legal cases against the company/subsidiaries/ company's directors, which can negatively impact future cash flow.
A large portion of their revenue comes from exports, meaning they are exposed to significant exchange rate-related risks.
They operate in an environmentally sensitive industry, subjected to disruptions due to unpredictable or unseasonal weather.
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The company will issue a public offer consisting of 8 crore equity shares with face value of Rs 1 per share.
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