Mukka Proteins IPO: Know every thing together with GMP, subscription, final date to use – India TV Hindi

Mukka Proteins IPO: The IPO of Mukka Proteins has opened for buyers from as we speak. It is possible for you to to speculate on this IPO from February 29 to March 4, 2024. Mukka Proteins’ IPO on Wednesday, February 28 raised ₹67.20 crore from anchor buyers. The corporate knowledgeable the exchanges that it has allotted 2,39,99,565 fairness shares to anchor buyers. The value band per fairness share of Mukka Proteins IPO has been fastened between ₹26 to ₹28. The lot measurement of Mukka Proteins IPO is 535 fairness shares and thereafter buyers can make investments cash in multiples of 535 fairness shares.

What’s the enterprise of the corporate?

Mukka Proteins Restricted manufactures and sells fish meal, fish oil and fish soluble paste. The three promoter administrators of the corporate, Kalandan Mohammad Haris, Kalandan Mohammad Arif and Kalandan Mohammad Althaf, are actively concerned within the enterprise. As per the corporate’s RHP, its listed friends are Avanti Feeds Ltd. (with P/E of 25), Godrej Agrovet Ltd. (with P/E of 33.23), Zeal Aqua Ltd. (with P/E of 20.63).

About Mukka Proteins IPO

The dimensions of Mukka Proteins IPO is ₹224 crore. This entails a recent subject of 8,00,00,000 fairness shares with face worth of Rs 1 every. The corporate will make the most of the online proceeds from the difficulty for basic company functions, funding in its affiliate, Ento Proteins Pvt Ltd, to satisfy its working capital necessities, and to fund the working capital necessities of the corporate, the Pink Herring Prospectus (RHP) stated. Will do in financing.

GMP of Mukka Proteins IPO as we speak

Mukka Proteins IPO GMP or Grey Market Premium is +15. Meaning the share of Mukka Proteins is buying and selling at a premium of ₹ 15 within the grey market. Contemplating the higher finish of the IPO value band and the present premium within the grey market, the estimated itemizing value of Mukka Proteins share value was reported to be ₹43 per share. Primarily based on grey market actions, IPO GMP is in an uptrend as we speak and a powerful itemizing is anticipated. Mukka Proteins is a number one firm in fish meal, fish oil and associated allied merchandise with 25-30% market share domestically. It’s also in good demand in international markets. The corporate has recorded development in its prime and backside strains through the reported interval.

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