Introduction of Mukka Proteins IPO
Mukka Proteins IPO: Mukka Proteins Limited, a leading manufacturer of Fish Protein products, has recently announced its Initial Public Offering (IPO). The company’s products, which include fish meal, fish oil, and fish soluble paste, are essential ingredients in the manufacturing of aqua feed, poultry feed, and pet food. The IPO has generated significant interest among investors, and this article aims to provide a comprehensive overview of the offering.
Mukka Proteins IPO Details
The Mukka Proteins IPO is a book-built issue of Rs 224.00 crores, entirely a fresh issue of 8 crore shares. The IPO opened for subscription on February 29, 2024, and closed on March 4, 2024. The allotment for the Mukka Proteins IPO was expected to be finalized on Tuesday, March 5, 2024. The IPO will list on BSE, NSE with a tentative listing date fixed as Thursday, March 7, 2024.
The price band for the IPO is set at ₹26 to ₹28 per share. The minimum lot size for an application is 535 Shares. The minimum amount of investment required by retail investors is ₹14,980. The minimum lot size investment for sNII is 14 lots (7,490 shares), amounting to ₹209,720, and for bNII, it is 67 lots (35,845 shares), amounting to ₹1,003,660.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the IPO is ₹28. The GMP is the premium at which the IPO shares are traded in the grey market before they get listed on the stock exchange. The high GMP indicates that the market is expecting a significant listing gain from the public issue.
FAQs
Q: What is the Mukka Proteins IPO price band?
A: The price band for the Mukka Proteins IPO is set at ₹26 to ₹28 per share.
Q: What is the minimum lot size for the Mukka Proteins IPO?
A: The minimum lot size for an application is 535 Shares.
Q: What is the expected listing date for the Mukka Proteins IPO?
A: The tentative listing date for the Mukka Proteins IPO is Thursday, March 7, 2024.
Q: What is the Grey Market Premium (GMP) for the Mukka Proteins IPO?
A: The Grey Market Premium (GMP) for the IPO is ₹28.
Conclusion
The IPO presents an exciting opportunity for investors. The company’s strong presence in the Fish Protein products market, coupled with the positive response from the grey market, makes it a promising investment. However, as with any investment, potential investors should conduct their own due diligence and consider their financial goals and risk tolerance before investing.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult with a financial advisor before making any investment decisions.
