Mukka Proteins IPO Date, Review, Price, Allotment Details

Mukka Proteins IPO Details: Mukka Proteins IPO date is fixed, the IPO is to hit the market on February 29 and will close on March 4. Mukka Proteins IPO to raise around ₹225 crores via IPO that comprises fresh issue of ₹225 crores and offer for sale up to 80,000,000 equity shares ₹1 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Mukka Proteins IPO

Table of Contents

Consistently being awarded by MPEDA, during the last 7 years for their export performance, inter alia, including outstanding performance in the export of fish meal, fish oil, and allied products for Fiscal 2021, Fiscal 2020, and Fiscal 2019, Mukka Proteins believe that they are one of the key players of the Fish Protein industry in India. In Fiscal 2022, of the total estimated revenue of the Indian fish meal and fish oil industry of ₹13,000 to ₹17,000 million, the revenue of the Company was ₹6,928.87 million thus, being a 45%- 50% contributor to the estimated revenue of the Indian fish meal and fish oil industry for the corresponding period. The Company is also amongst the first few Indian companies to have commercialized insect meal and insect oil (collectively “Insect Protein”) as an ingredient for aqua feed, animal feed, and pet food. Fish Protein and Insect Protein are hereinafter, collectively, referred to as “Animal Protein”.


As a manufacturer of Fish Protein products, Mukka Proteins manufactures and supplies fish meal, fish oil, and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food). Further, fish oil also finds its application in pharmaceutical products (additionally, Omega-3 pills and related products derived from fish oil are gaining importance as high nutrient and healthy dietary supplements), soap manufacturing, leather tanneries & paint industries. They sell their products domestically and also export them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.

The Company was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 under the name “Mukka Sea Foods Industries” under a deed of partnership dated March 13, 2003. “Mukka Sea Foods Industries” was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act, 1956, as “Mukka Sea Food Industries Private Limited”. For further details, see “History and Certain Corporate Matters” on page 247 of this Draft Red Herring Prospectus.


Objects of the Issue

  • Funding working capital requirements of the Company.
  • Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements.
  • General Corporate Purposes.

Mukka Proteins IPO Review (Apply or Not)

  • Apply

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Mukka Proteins IPO Date & Price Band Details

IPO Open:February 29, 2024
IPO Close:March 4, 2024
IPO Size:Approx ₹224 Crores
Fresh Issue:Approx ₹224 Crores
Offer for Sale:Approx NIL
Face Value:₹1 Per Equity Share
IPO Price Band:₹26 to ₹28 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Mukka Proteins IPO Market Lot

The Mukka Proteins IPO minimum market lot is 535 shares with ₹14,980 application amount. The retail investors can apply up-to 13 lots with 6955 shares or ₹194,740 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1535₹14,980
Retail Maximum136,955₹194,740
S-HNI Minimum147,490₹205,800
B-HNI Minimum6735,845₹1,003,660

Mukka Proteins IPO Allotment & Listing Dates

The Mukka Proteins IPO date is February 29 and the close date is March 4. The Mukka Proteins IPO allotment will be finalized on March 5 and the IPO listing on March 9.

Anchor Investors Allotment:February 28, 2024
IPO Open Date:February 29, 2024
IPO Close Date:March 4, 2024
Basis of Allotment:March 5, 2024
Refunds:March 6, 2024
Credit to Demat Account:March 6, 2024
IPO Listing Date:March 7, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Mukka Proteins IPO Form

How to apply for the Mukka Proteins IPO? You can apply for Mukka Proteins IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mukka Proteins IPO in the Invest section. The other option is you can apply for Mukka Proteins IPO via IPO forms downloaded via NSE and BSE. Check out the Mukka Proteins forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Mukka Proteins Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹609.95₹598.31₹11.01
2022₹776.15₹741.18₹25.82
2023₹1183.80₹1119.32₹47.52
2023 6M₹612.88₹569.89₹32.98

Mukka Proteins IPO Valuation – FY2023

Check Mukka Proteins IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹2.00 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):34.19%
Net Asset Value (NAV):₹5.86 per Equity Share

Peer Group

  • Avanti Feeds Limited
  • Godrej Agrovet Limited
  • Zeal Aqua Limited
  • Waterbase Limited

Company Promoters

  • Kalandan Mohammed Haris
  • Kalandan Mohammad Arif
  • Kalandan Mohammed Althaf

Mukka Proteins IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/

Mukka Proteins IPO Allotment Status Check

Check Mukka Proteins IPO allotment status on Cameo Corporate website allotment URL. Click Here

Mukka Proteins IPO Lead Managers aka Merchant Bankers

  • Fedex Securities Pvt Ltd

Company Address

Mukka Proteins Limited
Mukka Corporate House,
Door, No. 18-2-16/4, First Cross, NG Road, Attavar
Dakshina, Kannada, Mangaluru – 575 001
Phone: +918244252889
Email: [email protected]
Website: https://www.mukkaproteins.com/

Mukka Proteins IPO FAQs

What is Mukka Proteins IPO?

Mukka Proteins IPO is a main-board IPO. They are going to raise ₹224 Crores via IPO. The issue is priced at ₹26 to ₹28 pr equity share. The IPO is to be listed on BSE & NSE.

When Mukka Proteins IPO will open?

The IPO is to open on February 29, 2024 for QIB, NII, and Retail Investors.

What is Mukka Proteins IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Mukka Proteins IPO?

You can apply for Mukka Proteins IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Mukka Proteins IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Mukka Proteins”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Mukka Proteins IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Mukka Proteins”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Mukka Proteins IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Mukka Proteins”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Mukka Proteins IPO Size?

Mukka Proteins IPO size is ₹224 crores.

What is Mukka Proteins IPO Price Band?

Mukka Proteins IPO Price Band is ₹26 to ₹28.

What is the Mukka Proteins IPO Allotment Date?

Mukka Proteins IPO allotment date is March 5, 2024.

What is the Mukka Proteins IPO Listing Date?

Mukka Proteins IPO listing date is March 7, 2024. The IPO is to list on BSE and NSE.

Note: The Mukka Proteins IPO price band and date are officially announced. The IPO grey market premium (Mukka Proteins IPO Premium) will be added to the IPO grey market page as it will start).

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