Mukka Proteins is a Mangaluru-based company that manufactures fish meal, fish oil, and fish soluble paste. They recently completed their Initial Public Offering (IPO) process.
Business:
Mukka Proteins operates in the animal feed industry, providing protein supplements for poultry, aquaculture, and livestock.
The company uses discarded fish, unfit for human consumption, as its primary raw material, promoting sustainability in the process.
They also have a subsidiary, Ento Proteins, which focuses on the production of insect protein for animal feed.
IPO Process:
Mukka Proteins’ IPO was a fresh issue, meaning they offered new shares to raise capital, not selling existing shares held by promoters or investors.
The issue size was Rs 224 crore, entirely from the sale of 8 crore equity shares.
The price band was set at Rs 26-28 per share.
The IPO bidding period ran from February 29th to March 4th, 2024.
Allotment of shares was finalized on March 5th, 2024.
The company is expected to be listed on the BSE and NSE on March 7th, 2024.
