Mukka Proteins IPO, Price Band, Allotment Details

Mukka Proteins’ Initial Public Offering details have yet to be set, however the offering will hit the market on December and close the same day. Mukka Proteins IPO should raise over Rs[.] crores through its public offer which comprises fresh issue of Rs[.] crores plus offers to sell up to 80,000,000 equity shares each priced at Rs1. The retail quota stands at 35% with QIB holding 50% and HNI 15% of shares respectively.

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Mukka Proteins has received multiple awards from MPEDA over the last seven years for its export performance, such as outstanding export of fish meal, oil and related products in Fiscal 2021-2020-2019 respectively – making them one of the key players within India’s Fish Protein industuyhry.

In Fiscal 2022, out of an estimated total revenue range from Rs13,000-Rs17,000 million in Indian Fish Meal and Oil Industries for Fiscal 2022 of Rs1300-1700million, our Company contributed between 45-70% towards estimated industry revenues corresponding to each period.

Our contribution averaged roughly Rs6,928.87 Million. Company was one of the pioneering Indian firms to commercialize insect meal and oil (collectively known as “Insect Protein”) as ingredients for aqua feed, animal feed and pet food production. Collectively referred to hereafter as “Animal Protein”.

Mukka Proteins IPO Price Band Allotment Details and Daily updates

Mukka Proteins’ Fish Protein products include Fish Meal, Oil and Soluble Paste – essential ingredients used in producing Aquafeed for fish and shrimp; Poultry Feed for broiler/layer birds as well as Pet food (dog/cat food).

Fish oil finds use across industries including pharmaceutical products (Omega-3 pills and related fish-oil derivatives are increasingly being taken up as high nutrient and healthy diet supplements), soap manufacturing, leather tanning tanneries & paint factories – selling domestically as well as exporting their goods to over 10 countries such as Bahrain, Bangladesh, Chile, Indonesia, Malaysia Myanmar Philippines China Saudi Arabia South Korea Oman Taiwan Vietnam.

The Company was originally formed under the Indian Partnership Act, 1932 under the name “Mukka Sea Foods Industries”, with an agreed partnership deed dating March 13, 2003.

Later, “Mukka Sea Foods Industries” was converted from partnership firm status into private limited company status under Part IX of the Companies Act 1956 as “Mukka Sea Food Industries Private Limited”, for further details referring to pages 247-249 of this Draft Red Herring Prospectus for more details on that aspect of formation history and corporate matters.

Mukka Proteins’ Initial Public Offering is an eight crore share book-built issue and entirely fresh issue of 8 crore shares.

Mukka Proteins has not announced their Initial Public Offering dates yet.

Offer details and objectives:

  • Funding working capital requirements of the Company;
  • Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements; and
  • General Corporate Purposes.

Mukka Proteins IPO Dates & Band Price Details:

IPO Open:January 2024
IPO Close:January 2024
IPO Size:Approx ₹[.] Crores
Fresh Issue:Approx ₹[.] Crores
Offer for Sale:Approx 80,000,000 Equity Share
Face Value:₹1 Per Equity Share
IPO Price Band:₹[.] to ₹[.] Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here

Mukka Proteins IPO Market Lot :

Mukka Proteins’ initial public offering minimum market lot is [-] shares and application amount is [-], retail investors may apply upto 13 lots with [-] or less shares each time; bids start from [-] shares for minimum lots bid on multiple lots; please see table for minimum and maximum investments by retail and HNI investors in terms of shares or amount invested respectively. The table also displays minimum and maximum investments by retail investors as well as HNI investors by amount of application submitted or amount bid upon.

ApplicationLot SizeSharesAmount
Retail Minimum1
Retail Maximum13
S-HNI Minimum14
B-HNI Minimum68

Mukka Proteins IPO Allotment & Listing Dates:

Mukka Proteins’ Initial Public Offering is set for December 2023 with allotment being finalized on 2023 and listing taking place the same year.

Price Band Announcement:January 2024
Anchor Investors Allotment:January 2024
IPO Open Date:January 2024
IPO Close Date:January 2024
Basis of Allotment:January 2024
Refunds:January 2024
Credit to Demat Account:January 2024
IPO Listing Date:January 2024

Mukka Proteins Company Financial Report:

  ₹ in Crores
YearRevenueExpensePAT
2020₹554.29₹537.00₹13.57
2021₹609.95₹598.31₹11.01
2022₹776.14₹741.17₹25.81

Mukka Proteins Company details:

CategoryDetails
Peer GroupNA
Company PromotersKalandan Mohammed Haris
Kalandan Mohammad Arif
Kalandan Mohammed Althaf
Mukka Proteins IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: Cameo Corporate Services
Mukka Proteins IPO Allotment Status CheckCheck Mukka Proteins IPO allotment status on Cameo Corporate website allotment URL. Click Here
Mukka Proteins IPO Lead Managers aka Merchant BankersFedex Securities Pvt Ltd
Company AddressMukka Proteins Limited
Mukka Corporate House, Door, No. 18-2-16/4, First Cross, NG Road, Attavar
Dakshina, Kannada, Mangaluru – 575 001
Phone: +918244252889
Email: [email protected]
Website: Mukka Proteins
Disclaimer: This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

What is Mukka Proteins IPO Size?

Mukka Proteins has set its IPO size at Rs[.] crores.

What is Mukka Proteins IPO Price Band?

Mukka Proteins has set its IPO Price Band between Rs[.] to Rs[.].

What is Mukka Proteins IPO Minimum and Maximum Lot Size?

Minimum bid amount per share: Rs[.]. Max bid amount per share: Rs[.].

What is the Mukka Proteins IPO Listing Date?

Mukka Proteins has set their IPO listing date as 2023 on both BSE and NSE exchanges.

What is Mukka Proteins IPO Investors Portion?

Investor shares for QIB are 50%, 15% of investors participate and 35% belong to Retail customers.

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