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Mukka Proteins Limited IPO

Mukka Proteins Limited IPO

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Listed Price: ₹ 40.00 (+42.86%)

Mukka Proteins Limited's successfully completed its Initial Public Offering and commenced trading on 07-03-2024 at the NSE, BSE exchange. The company raised 8,00,00,000 Shares through this public offering, comprising 8,00,00,000 Shares in fresh capital.

The IPO was priced within the band of ₹26 to ₹28, with minimum application lots of 535 shares. The offering attracted significant investor interest during its subscription period from 29-02-2024 to 04-03-2024.

Share allotment was finalized on 06-03-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Mukka Proteins IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Mukka Proteins IPO Key Performance Indicator
Company Financials ( in ₹ Crore )

Mukka Proteins IPO About Company

Mukka Proteins Limited, founded in March 2003, is a leading manufacturer of fish protein products, supplying fish meal, fish oil, and fish soluble paste to the aqua feed, poultry feed, and pet food industries. With a global footprint spanning over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, the Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam, the company ensures high-quality production through its six strategically located coastal facilities in India and Oman, along with three blending plants and five storage facilities in India. Certified by NQA and UKAS for ISO 22000:2018 and ISO 9001:2015, Mukka Proteins upholds stringent quality and food safety standards. Additionally, the company leverages contractual partnerships with third-party manufacturing facilities in Karnataka (Sasihithlu and Udupi) and Maharashtra (Taloja and Ratnagiri). Supported by a dedicated workforce of 385 employees across technical, administrative, and managerial roles, Mukka Proteins continues to strengthen its position as a key player in the global fish protein manufacturing industry through excellence in operations, adherence to international standards, and strategic expansion.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Mukka Proteins IPO Strength Factors

  1. Market Leadership: A leading manufacturer and exporter in fish protein products with a global reach.
  2. Customer Loyalty: Established relationships with international clients ensure consistent demand.
  3. Strategic Facility Locations: Proximity to coastlines in India and Oman allows cost-effective and efficient operations.
  4. High Entry Barriers: Significant capital and regulatory requirements limit new competition, protecting market share.
  5. Financial Stability: Strong revenue growth and healthy margins support sustainable expansion.

Mukka Proteins IPO Risk Factors

  1. Legal & Regulatory Risks: Ongoing legal proceedings, including environmental and foreign exchange violations, may impact operations and reputation.
  2. Dependence on Approvals: Business operations rely on obtaining and renewing various regulatory approvals, posing a compliance risk.
  3. Financial Impact of Legal Challenges: Legal disputes involving the Promoter Director could lead to financial strain and investor concerns.
  4. Uncertainty in Fund Utilization: Planned use of proceeds for working capital is based on estimates, risking potential misallocation.
  5. Operational Disruptions: Non-compliance with regulations could result in fines, legal liabilities, or business interruptions.

Mukka Proteins IPO Lead Manager(s)

  • Fedex Securities Private Limited

Mukka Proteins IPO Promoter(s)

  1. Kalandan Mohammed Haris
  2. Kalandan Mohammad Arif
  3. Kalandan Mohammed Althaf

Mukka Proteins IPO Company Details

Mukka Proteins Limited
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Mukka Proteins IPO Registrar

Cameo Corporate Services Limited
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Mukka Proteins IPO FAQs