Mukka Proteins IPO closes today: Mukka Proteins IPO is worth ₹224 crore and consists of a fresh offering of 8,00,000 equity shares.
Mukka Proteins’ initial public offering (IPO) began on February 29 and ends today (March 4). The initial public offering had a positive reaction throughout the first two days of its launch, with 6.97 times subscribed on day two. According to BSE data, it received 2.47 subscriptions on its maiden day.
Mukka Proteins Ltd. produces fish meal, fish oil, and fish-soluble paste. – Mukka Proteins IPO closes today
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Mukka Proteins IPO details
The IPO is valued at ₹224 crore and consists of a fresh issue of 8,00,00,000 equity shares with a face value of ₹1, with no offer-for-sale component included. The allocation for the public issue is structured such that not more than 50% of the shares are reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for retail investors.
Mukka Proteins IPO price
The price band for the IPO has been set at ₹26 to ₹28 per equity share, with a face value of ₹1. The lot size is 535 equity shares, and investors can subscribe in multiples of 535 equity shares thereafter.
Mukka Proteins IPO objective
The company intends to utilize the net proceeds from the IPO for various purposes including general corporate needs, investment in Ento Proteins Private Limited, and meeting working capital requirements.
Mukka Proteins IPO Register
Cameo Corporate Services Limited has been appointed as the registrar for the Mukka Proteins IPO, while Fedex Securities Pvt Ltd. serves as the book-running lead manager.
