Mukka Proteins Ipo Allotment Status And Listing Gain

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Mukka Proteins: Business and IPO Process

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.

Check Mukka Proteins IPO allotment Status

Check Mukka Proteins IPO allotment Status on official websites https://ipo.cameoindia.com

Mukka Proteins IPO GMP Live Rates day by day

Date	IPO GMP	Kostak	Subject to
Today	₹35	₹-	₹14,000
5 March	₹35	₹-	₹14,000
4 March	₹25	₹-	₹10,000
3 March	₹28	₹-	₹11,000
1 March	₹28	₹-	₹11,000
29 February	₹17	₹-	₹6,500
28 February	₹17	₹-	₹6,500
27 February	₹17	₹-	₹6,500
26 February	₹15	₹-	₹6,000
25 February	₹15	₹-	₹-
22 February	₹12	₹-	₹-
21 February	₹10	₹-	₹-
20 February	₹-	₹-	₹-
19 February	₹-	₹-	₹-

An Individual can apply for a minimum 1 lot of 535 shares and a maximum of 13 lots of 6955 shares. Find the details below:

APPLICATION	LOT	SHARES	AMOUNT
Minimum	1	535	14,980
Maximum	13	6955	1,94,740

 

Mukka Proteins Limited IPO share offer

The shares of Mukka Proteins Limited PO is subscribed 136.99 Times as of 4th March 2024. The category-wise shares offered are as follows:

CATEGORY	% OFFERED	SUBSCRIPTION
Qualified Institutional	Maximum 50%	189.28 Times
Non-Institutional	Minimum 15%	250.39 Times
Retail Individual	Minimum 35%	58.52 Times
Total		136.99 Times

Allotment Details

Find below the dates for Mukka Proteins Limited IPO:

SCHEDULE	DATE
Basis of Allotment	5 March 2024
Refunds	6 March 2024
Credit to Demat Account	6 March 2024
IPO Listing Date	7 March 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS	MAR 2019	MAR 2020	MAR 2021	MAR 2022	MAR 2023
Net Sales	407.37	545.72	536.25	692.89	1,066.40
Total Expenditure	382.63	525.66	529.39	660.37	1,000.73
Operating Profit	24.74	20.07	6.86	32.52	65.67
Other Income	3.01	8.14	9.15	7.74	8.87
Interest	4.34	6.59	6.95	8.35	15.18
Depreciation	2.20	2.80	3	3.72	4.27
Exceptional Items	-0.69	0	0	0	0
Profit Before Tax	20.53	18.82	6.06	28.20	55.10
Provision for Tax	5.12	5.98	1.45	8.38	15.67
Net Profit	15.41	12.84	4.61	19.82	39.42
Adjusted EPS (Rs.)	0.07	0.06	0.02	0.09	0.18

Balance Sheet (All Figures are in Crores.)

PARTICULARS	MAR 2019	MAR 2020	MAR 2021	MAR 2022	MAR 2023
Equity and Liabilities
Share Capital	5.50	5.50	5.50	22	22
Total Reserves	39.80	52.03	57.36	60.29	99.64
Borrowings	14.35	9.84	6.96	3.04	0.27
Other N/C liabilities	3.19	3.50	3.51	6.25	9.46
Current liabilities	133.82	186.50	215.05	237.50	368.67
Total Liabilities	196.66	257.37	288.38	329.07	500.03
Assets
Net Block	42.31	44.04	47.59	48.30	51.08
Capital WIP	0	1.22	0	0	0
Intangible WIP	0	0	0	0	0
Investments	11.23	8.14	11.53	20.67	23.63
Loans & Advances	1.72	1.95	2.02	1.97	2.31
Other N/C Assets	0	0	1.42	1.38	1.60
Current Assets	141.40	202.02	225.82	256.75	421.42
Total Assets	196.66	257.37	288.38	329.07	500.03

Cash Flows (All Figures are in Crores.)

PARTICULARS	MAR 2019	MAR 2020	MAR 2021	MAR 2022	MAR 2023
Profit from operations	20.53	18.82	6.06	28.20	55.10
Adjustment	4.58	3.47	3.63	5.05	7.71
Changes in Assets & Liabilities	-42.15	-40.59	-7.74	-46.21	-101.09
Tax Paid	-4.53	-5.76	-4.29	-2.34	-8.68
Operating Cash Flow	-21.57	-24.06	-2.33	-15.30	-46.96
Investing Cash Flow	-19.44	1.81	-5.41	-7.25	0.71
Financing Cash Flow	31.38	22.64	8.06	27.25	61.12
Net Cash Flow	-9.64	0.38	0.31	4.70	14.87