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Mukka Proteins IPO

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.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Mukka Proteins Ltd. IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Mukka Proteins Ltd.

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. IPO Objectives

• 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 the 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.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  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

How to apply for Mukka Proteins Ltd. IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Mukka Proteins Ltd. IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Angel One user, Pre-Apply Now!
  • If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.

Mukka Proteins Ltd. IPO Noteworthy Highlights:

  • The Mukka Group has a rich legacy of over five decades in the Indian marine industry and caters to various industries.
  • The company has entered into a joint venture with Ento Proteins Private Limited (EPPL) and Holocene Eco Solutions Private Limited (HEPL) to develop alternative proteins such as Black Soldier Fly (BSF).
  • They have a solid domestic market for their products and exports worldwide, especially Hongkong, Vietnam, Taiwan, Bangladesh, Malaysia, Denmark, Chile, USA, Oman, Turkey, and others.

The Brand’s Pros & Cons:

Pros Cons
The group is well positioned to bring the government's vision into reality and play a key role in India's blue economy. There are pending legal cases against the company/subsidiaries/ company's directors, which can negatively impact future cash flow.
The company is well positioned to leverage its position as one of the earliest innovators in the alternative protein space. A large portion of their revenue comes from exports, meaning they are exposed to significant exchange rate-related risks.
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. They operate in an environmentally sensitive industry, subjected to disruptions due to unpredictable or unseasonal weather.

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.

Mukka Proteins Limited IPO FAQs

What is Mukka Proteins Ltd. IPO?

The company will issue a public offer consisting of 8 crore equity shares with face value of Rs 1 per share.

When will Mukka Proteins Ltd. IPO allotment be available?

Details are not available.

What will be Mukka Proteins Ltd. IPO lot size?

Details are not available.

When will Mukka Proteins Ltd. IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Mukka Proteins Ltd. list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Mukka Proteins Ltd. IPO?

Angel One customers can log in to their accounts to check Mukka Proteins Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on Mukka Proteins Ltd. IPO?

Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Mukka Proteins Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for the Mukka Proteins Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Mukka Proteins Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Mukka Proteins Ltd. IPO?

The minimum size of the application will be one lot.

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