Mukka Proteins IPO
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Learn all about the IPO here!
Overview of Mukka Proteins IPO
IPO Date
29-Feb-2024 to 4-Mar-2024
Face Value
₹1 per share
Price Band
₹26 to ₹28
Lot Size
535 Share
Issue Size
80,000,000 shares (aggregating up to ₹224.00 Cr)
Listing At
BSE, NSE
Basis of Allotment
5-Mar-2024
Initiation of Refunds
6-Mar-2024
Credit of Shares to Demat
6-Mar-2024
Listing Date
7-Mar-2024
Cut off time for UPI Mandate
4-Mar-2024
Objective of Mukka Proteins IPO
The net proceeds from the IPO will be utilized towards -
Mukka Proteins is a mainboard IPO with a book-built issue of ₹224 crores. The issue is entirely a fresh issue of 8 crore shares. The IPO will open from 29th February 2024 to 4th March 2024. The allotment is expected to be done on 5th March 2024, and it will be listed on BSE and NSE, with the tentative listing date on 7th March 2024. The price band is ₹26 to ₹28 per share, with a minimum lot size of 535 shares and a minimum investment amount of ₹14,980. The book running lead managers is Fedex Securities. Cameo Corporate Services is the registrar for the issue.
About Mukka Proteins IPO
Mukka Proteins is a company that was founded in March 2003. They specialize in producing fish protein products, such as fish meal, fish oil, and fish soluble paste. These products are essential ingredients in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (for dog and cat food). Fish oil is also used in the production of pharmaceutical products, soap, leather tanneries, and paint industries.
The company sells its products both domestically and internationally, exporting to over 10 countries including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. Currently, the company has six manufacturing facilities, four of which are located in India, and two are held through their foreign subsidiary- Ocean Aquatic Proteins LLC in Oman. Additionally, the company operates three blending facilities and five storage facilities in India, all of which are strategically located near the coastline.
Mukka Proteins IPO Financials
Particulars (in Cr) | H1 FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 606 | 1177 | 771 | 604 |
Operating Expenses Annual | 551 | 1091 | 723 | 582 |
Operating Profit Annual | 55 | 86 | 48 | 22 |
Depreciation | 6 | 12 | 9 | 8 |
Interest Annual | 12 | 16 | 10 | 8 |
Tax Annual | 10 | 18 | 10 | 4 |
Net Profit Annual | 33 | 48 | 26 | 11 |
Total Share Holder Funds | 189 | 156 | 103 | 69 |
Fixed Asset Annual | 82 | 83 | 81 | 78 |
Total Non Current Asset | 121 | 111 | 106 | 97 |
Total Current Asset | 520 | 464 | 286 | 257 |
Total Asset Annual | 641 | 575 | 392 | 354 |
Book Value Per Share | ₹6 | ₹5 | ₹3 | ₹2 |
ROE | 17 | 30 | 25 | 16 |
ROCE | 10 | 18 | 14 | 6 |
Total Debt To Total Equity | 1.7 | 1.6 | 1.7 | 2.3 |
EBIDTA | 9 | 7 | 6 | 4 |
Cash From Operating | -20 | -54 | 5 | 6 |
Cash From Investing | -41 | -5 | -12 | -14 |
Cash From Finance | 54 | 75 | 16 | 9 |
Net Cash Flow | -7 | 15 | 8 | 2 |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
94.74%
Promoter’s Holding(Post-Issue)
-
The company is a leading manufacturer and exporter of fish protein products. In FY23, it contributed 25-30% to the estimated revenue of the Indian fish meal and fish oil industry.
The following points should be kept in mind:
Platinum Industries IPO is a main-board IPO of 13,761,225 equity shares of a face value of ₹10, aggregating up to ₹235.32 Crores. The issue is priced at ₹162 to ₹171 per share. The minimum order quantity is 87 Shares.
The IPO opens on February 27, 2024, and closes on February 29, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE and NSE.
The Platinum Industries IPO opens on February 27, 2024 and closes on February 29, 2024.
The Platinum Industries IPO listing date is not yet announced. The tentative date of Platinum Industries IPO listing is Tuesday, March 5, 2024.
The finalization of Basis of Allotment for Platinum Industries IPO will be done on Friday, March 1, 2024, and the allotted shares will be credited to your demat account by Monday, March 4, 2024.
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