Mukka Proteins IPO

Mukka Proteins Limited

₹13,910 /535 sharesMinimum Investment

Mukka Proteins IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹28.00₹40.00₹12.00 (42.86%)

Mukka Proteins IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Feb ‘24 - 4 Mar ‘24₹13,910535₹26 - ₹28
Issue SizeIPO Doc
224.00Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers189.28x
Non-Institutional Investor242.86x
Retail Individual Investor58.52x
Total136.99x

About the company

Mukka Proteins is a manufacturer of Fish Protein products such as fish meal, fish oil, and fish soluble paste. These ingredients are used for aqua feed, poultry feed, pet food, pharmaceuticals, soap, leather, and paint industries. Mukka Proteins exports its products to about 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. The company operates 6 manufacturing facilities. Four of these facilities are situated in India, while the remaining two are held through our Foreign Subsidiary, Ocean Aquatic Proteins LLC, located in Oman. Additionally, the company manages 3 blending facilities and 5 storage facilities, all strategically positioned in close proximity to the coastline within India.;
Founded in
2003
Managing director
Mr. Kalandan Mohammed Haris
Parent organisation
Mukka Proteins Limited

Strength and risks

Strengths
Risks
The company’s revenue from operations grew at a CAGR of 39.62% over the last three fiscals, from Rs. 603.83 cr in Fiscal 2021 to Rs. 1,177.12 cr in Fiscal 2023. Revenue for Fiscal 2023, Fiscal 2022, Fiscal 2021, and the six months ending September 30, 2023, were Rs. 1177.12 cr, Rs. 770.50 cr, Rs.603.83 cr, and Rs. 606.09 cr, respectively.
As per the company, it has 4 strategically located manufacturing facilities, 3 blending facilities and 5 storage facilities along the western coastline of India. Further, it has 2 manufacturing facilities in Oman, which are located in proximity to the landing sites and fish catchments.
During the Fiscal 2023, Fiscal 2022 and Fiscal 2021, the company served around 84, 46 and 52 customers, respectively and 51 customers during the six months period ended September 30, 2023. As of September 30, 2023, the company has on-going business relationships of more than five years with 19.61% of its total customers who contribute 52.90 % of the revenue from operations.
The company has exported its products to about 10 countries in the preceding 3 Fiscals and 6 (six) months period ending September 30, 2023. It exports its products to countries such as Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular26 - 28₹2 Lakh
High Networth Individual26 - 28₹2 - 5 Lakh
For Mukka Proteins IPO, eligible investors can apply as Regular.
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