Mukka Proteins Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹26 - ₹28
- Lot size
- 535 shares
- Issue amount
- ₹224 cr
- Total subscription
- 136.89×
- Opens
- 29 Feb 2024
- Closes
- 4 Mar 2024
- Allotment
- 6 Mar 2024
- Listing
- 7 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 8,00,00,000 shares
- Face value
- ₹1 Per Equity Share
- Minimum investment
- ₹13,910
- Fresh issue
- ₹224 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,980
- Issue type
- Book Built Issue IPO
- Shares before issue
- 22,00,00,000
- Shares after issue
- 30,00,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 535 | ₹14,980 |
| sHNI | 14 | 7,490 | ₹2,09,720 |
| bHNI | 57 | 35,845 | ₹10,03,660 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 44.8 | 8,479.89 |
| RETAIL | 78.4 | 4,575.58 |
| NIB | 33.6 | 8,408.64 |
| HNIs 2+ | 11.2 | 2,715.73 |
| HNIs 10+ | 22.4 | 5,692.91 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 2 | 1.1 | 0.41 |
| ROE | 36.71 | 30 | 17.37 |
| ROCE | 17.62 | 13.86 | 5.86 |
| RONW | 34.19 | 27.75 | 13.91 |
| PRE IPO(PE) | 4.78 | 0 | 0 |
| POST IPO(PE) | 12.96 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Mukka Proteins Limited, founded in March 2003, is a leading manufacturer of fish protein products, supplying fish meal, fish oil, and fish soluble paste to the aqua feed, poultry feed, and pet food industries. With a global footprint spanning over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, the Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam, the company ensures high-quality production through its six strategically located coastal facilities in India and Oman, along with three blending plants and five storage facilities in India. Certified by NQA and UKAS for ISO 22000:2018 and ISO 9001:2015, Mukka Proteins upholds stringent quality and food safety standards. Additionally, the company leverages contractual partnerships with third-party manufacturing facilities in Karnataka (Sasihithlu and Udupi) and Maharashtra (Taloja and Ratnagiri). Supported by a dedicated workforce of 385 employees across technical, administrative, and managerial roles, Mukka Proteins continues to strengthen its position as a key player in the global fish protein manufacturing industry through excellence in operations, adherence to international standards, and strategic expansion.
Strengths
- Market Leadership: A leading manufacturer and exporter in fish protein products with a global reach.
- Customer Loyalty: Established relationships with international clients ensure consistent demand.
- Strategic Facility Locations: Proximity to coastlines in India and Oman allows cost-effective and efficient operations.
- High Entry Barriers: Significant capital and regulatory requirements limit new competition, protecting market share.
- Financial Stability: Strong revenue growth and healthy margins support sustainable expansion.
Risk factors
- Legal & Regulatory Risks: Ongoing legal proceedings, including environmental and foreign exchange violations, may impact operations and reputation.
- Dependence on Approvals: Business operations rely on obtaining and renewing various regulatory approvals, posing a compliance risk.
- Financial Impact of Legal Challenges: Legal disputes involving the Promoter Director could lead to financial strain and investor concerns.
- Uncertainty in Fund Utilization: Planned use of proceeds for working capital is based on estimates, risking potential misallocation.
- Operational Disruptions: Non-compliance with regulations could result in fines, legal liabilities, or business interruptions.
Promoters
Kalandan Mohammed Haris
Kalandan Mohammad Arif
Kalandan Mohammed Althaf
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Mukka Corporate House, Door, No. 18-2-16/4, First Cross, NG Road, Attavar Dakshina, Kannada, Mangaluru – 575 001
+918244252889
[email protected]Company website ↗Understanding MUKKA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.