Mukka Proteins Share Price 2024: The Mukka Proteins IPO offers equity shares in the price range of ₹26 to ₹28 per share.
The subscription period begins on Thursday, February 29, and concludes on Monday, March 4. Anchor investor allocation is scheduled for Wednesday, February 28.
About Mukka Protein Company
Mukka Proteins Limited is a company that focuses on animal proteins. They mainly make Fish Meal, Fish Oil, and Fish Soluble Paste. But that’s not all—they’re also working on alternative proteins like Black Soldier Fly (BSF) Insect meal for animal food.
They have six factories, including some in Oman, and smart facilities in India for storage and blending.
Mukka Proteins doesn’t just serve the local market; it exports its products to more than 10 countries, meeting the needs of regions across Asia and beyond.
For those interested in being part of Mukka Proteins’ journey, their IPO is managed by Fedex Securities Private Limited as the main book-running lead manager, and Cameo Corporate Services Limited is the registrar for the offer.
Once you invest, you can look forward to seeing Mukka Proteins’ equity shares listed on both the BSE and NSE exchanges.
Mukka Proteins IPO Details and Allocation
The basis of allotment is anticipated to be finalized on Tuesday, March 5, with refunds initiated on Wednesday,
March 6. Shares will be credited to allottees’ demat accounts on the same day, and Mukka Proteins’ shares are expected to be listed on BSE and NSE on Thursday, March 7.
The Mukka Proteins IPO, valued at ₹224 crore, comprises an exclusive fresh issue of 8,00,00,000 equity shares, devoid of any offer-for-sale component.
The allocation strategy designates 50% of shares for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.
This structure aims to attract a diverse set of investors, including institutional entities, high-net-worth individuals,
and retail participants, fostering broad participation in the IPO and ensuring a balanced distribution of shares across different investor categories.
Mukka Protein IPO minimum bid
Investors have a chance to bid for Mukka Proteins’ shares through a book-building process. The minimum bid is set at 535 shares, and investors can bid for more in multiples.
Here’s the exciting part: if you’re a retail investor, you get a share of up to 35% of the offering.
Non-institutional investors have a 15% share, and qualified institutional buyers (QIBs) have the largest slice with a 50% quota. So, depending on your category, you have a chance to grab a piece of the action in this upcoming IPO
Mukka Proteins IPO GMP
According to various websites that track GMP, the current Grey Market Price of Mukka Proteins IPO is 64%.
Mukka Protein IPO objective
The money raised from the IPO will be put to good use by Mukka Proteins. They plan to use it for things like day-to-day business needs and investing in their associate company, Ento Proteins Private Limited.
Mukka Proteins has a track record of doing well financially. In the year 2022, they saw a big 27.60% jump in their revenue from operations, and their profits after tax shot up by an impressive 134.50%.
So, investing in Mukka Proteins not only supports their plans but also aligns with their successful financial track record.
Mukka Proteins Share Price 2024
The price band for each equity share has been fixed between Rs 26 to Rs 28.
Mukka Proteins Share Price 2024 Today
As of February 27, 2024, Mukka Proteins’ share price stands at ₹44.35, reflecting a decrease of ₹0.65 (1.44%) on the day. For the latest update watch here.
Mukka Proteins Limited Utilization of Funds
The net proceeds from the IPO, outlined in the red herring prospectus (RHP), will be utilized for general corporate purposes, investment in associate company Ento Proteins Private Limited, and meeting working capital needs.
Mukka Proteins Company Background
Mukka Proteins Limited, established by Kalandan Mohammed Althaf, Kalandan Mohammed Arif,
and Kalandan Mohammed Haris is a leading player in the production of fish-based goods, including fish meal, fish oil, and fish-soluble paste.
With a global reach, the company efficiently exports its products to diverse countries. Boasting six production facilities, five storage facilities, and three blending facilities,
Mukka Proteins Limited demonstrates a robust infrastructure for manufacturing, storing, and creating blends of their high-quality fish-derived offerings.
The company’s commitment to excellence positions it as a key player in the international market for fish-based products.
Mukka Proteins Share Price 2024 Target
In 2023, many Indian stocks, including MKPL, had a great year with a strong Bull run. Looking ahead to the first quarter of 2024, the market is expected to maintain its positive momentum, although there might be some consolidation in the initial months.
According to technical data, MKPL’s share price in 2024 is forecasted to range between ₹154.59 as the minimum target and ₹1348.36 as the maximum target.
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Mukka Proteins Share Price Prediction 2025
In January 2025, the expected price for MKPL shares could hit Rs. 1522.80. Looking ahead to December 2025,
if things go well with the business trends and various financial factors, the target cost for M K Proteins Ltd. might climb up to Rs. 1471.11. It’s a peek into the potential future value of MKPL shares based on market patterns and financial factors.
Conclusion:
In conclusion Mukka Proteins Share Price 2024: With an IPO offering at ₹26 to ₹28 per share, Mukka Proteins, a leading fish-based goods producer, anticipates a strong financial boost.
The company’s sound track record and diversified investor allocation strategy make it an attractive investment. The predicted 2024 share price range is ₹154.59 to ₹1348.36, showcasing positive market expectations.
