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Mukka Proteins IPO

Mukka Proteins IPO Details



Parameter Details
IPO Open Date Feb 29, 2024
IPO Close Date Mar 04, 2024
Issue Size ₹ 224.00 Cr
Fresh Issue 80,000,000 Share
IPO Price Band ₹26 to ₹28 per share
Subscription Dates Feb 29, 2024
Allotment Date 05 March 2024
Listing Date 07 March 2024
Minimum Lot Size 535 Share
Listing At BSE, NSE
Minimum Retail Investment ₹14,980
Book Running Lead Manager Fedex Securities Pvt Ltd
Registrar Cameo Corporate Services Limited

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About the Company

Mukka Proteins Limited stands at the forefront of the animal protein industry, specialising in producing and exporting high-quality fish meal and fish oil. With strategic manufacturing units across key coastal regions, the company has established itself as a significant player in the global market. Its joint ventures and partnerships are aimed at diversifying its product range to include a variety of animal proteins, enhancing its global footprint.

Mukka Proteins is committed to sustainability and innovation, with a vision to become a leading diversified animal protein producer worldwide. The company's dedication to quality, state-of-the-art automated manufacturing processes and in-house R&D capabilities position it well for future growth and expansion.

Financial Highlights

Mukka Proteins Limited has demonstrated robust financial performance over the past few years, showcasing steady revenue growth, efficient expense management, and a healthy profit after tax (PAT).

Financial Highlights Table

Period Ended Total Assets (₹ in crore) Net Revenues (₹ in crore) Profit after Tax (₹ in crore) PAT Margins (%) Gross Profit Margin (%)
FY23 575.16 1,177.12 44.08 3.74% 52.77%
FY22 392.30 770.50 24.21 3.14% 27.60%
FY21 353.93 603.83 8.98 1.49% -

Strengths & Weakness

The company's strategic positioning and operational capabilities are underscored by its strengths and potential risks, providing a balanced perspective for investors.

Strengths & Weakness Table:

Strengths Risks
1. Market position as manufacturer and exporter in the fish meal industry 1. Regulatory approvals and compliance challenges
2. Wide geographic reach and distribution network 2. Legal proceedings involving the company and its affiliates
3. Long-standing relationships with key customers 3. Environmental sensitivity and weather disruptions
4. Certified quality plants in strategic locations 4. Contamination risks affecting fish populations
5. Automated manufacturing and in-house R&D 5. Quality assurance failures in products

Mukka Proteins IPO presents a compelling opportunity for investors to engage with a company poised for significant growth in the animal protein industry. With its strong market position, strategic operational capabilities, and a clear vision for the future, Mukka Proteins is well-equipped to navigate the challenges and capitalise on the opportunities ahead.

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How to apply for Mukka Proteins IPO?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
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  • Subscribe for Mukka Proteins IPO and approve the payment on your UPI ID.
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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • The price band of GPT Healthcare IPO is set at Rs. 177 to Rs. 186 per share.

  • The size of GPT Healthcare IPO is 525.14 cr.

  • The minimum lot size of GPT Healthcare's IPO is 80 shares, and the minimum investment required to apply for the IPO is Rs. 14,160.

  • Mukka Proteins IPO details are yet to be announced.

  • The IPO comprised a fresh issue of 8 crore equity shares.

  • Mukka Proteins IPO details are yet to be announced.