Mukka Proteins IPO: -The Mukka Proteins IPO, valued at ₹224 crore, comprises a fresh issue of 8,00,00,000 equity shares. Subscription for the IPO began on February 29 and ends today, March 4. The public offering has witnessed significant interest during its initial days, being subscribed 6.97 times on the second day and 2.47 times on the first, according to BSE data. Mukka Proteins Ltd specializes in the production of fish meal, fish oil, and fish soluble paste.
Mukka Proteins IPO Overview: This IPO, valued at ₹224 crore, features a fresh issue of 8,00,00,000 equity shares with a face value of ₹1, without any offer-for-sale component. The allocation includes up to 50% of shares for QIBs, at least 15% for NIIs, and a minimum of 35% for retail investors.
Mukka Proteins IPO Pricing: The price range for the IPO is set between ₹26 to ₹28 per equity share with a face value of ₹1. The lot size stands at 535 equity shares, with subsequent multiples of 535 equity shares.
Mukka Proteins IPO Objectives: The proceeds from the IPO will be utilized by the company for general corporate purposes, investment in Ento Proteins Private Limited, and addressing working capital requirements.
Mukka Proteins IPO Registrar: Cameo Corporate Services Limited serves as the registrar for the Mukka Proteins IPO, while Fedex Securities Pvt Ltd acts as the book running lead manager.