Mukka Proteins Limited
₹26 - ₹28
535
136.99
| Open Date: | 29-Feb-2024 |
| Close Date: | 04-Mar-2024 |
| Allotment Date: | 05-Mar-2024 |
| Listing Date: | 07-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹1 Per Equity Share |
| Issue Price: | ₹26-28 Per Equity Share |
| Issue Size: | Total Issue Size 80,000,000 shares (aggregating up to ₹224.00 Cr) : Fresh Issue 80,000,000 shares (aggregating up to ₹224.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,980 : S-HNI - ₹209,720 : B-HNI - ₹1,003,660 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 16,000,435 | 12,000,000 | 28,000,000 | 56,000,435 |
| Day 1 - 29-02-24 05:00 PM | 1.01x | 1.60x | 4.07x | 2.67x |
| Day 2 - 01-03-24 05:00 PM | 1.86x | 6.26x | 10.38x | 7.07x |
| Day 3 - 04-03-24 05:00 PM | 189.28x | 250.39x | 58.52x | 136.99x |
| Total No. of Application: | 2,597,830 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 20.78x | |||
| Earning Per Share(EPS) | ₹2.16/- |
| P/E Ratio | 12.96 |
| RoNW | 34.19% |
| Net Asset Value (NAV) - Post Issue: | ₹5.86/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 30 Sep,2023 | 641.18 | 612.88 | 32.98 |
| 31 Mar,2023 | 575.16 | 1,183.80 | 47.53 |
| 31 Mar,2022 | 392.30 | 776.15 | 25.82 |
| 31 Mar,2021 | 353.93 | 609.95 | 11.01 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | N/A% |
| 1. Kalandan Mohammed Haris |
| 2. Kalandan Mohammad Arif |
| 3. Kalandan Mohammed Althaf |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements of the Company;
- Investment in the Associate, viz. Ento Proteins Private Limited, for funding its working capital requirements; and
- General Corporate Purposes.
Incorporated in March 2003, Mukka Proteins Limited manufactures fish protein products. The company produces and supplies fish meal, fish oil and fish soluble paste, which are essential ingredients for the production of aqua feed (for fish and shrimp), poultry feed (for broilers and layers) and pet food (for dog and cat food).
The company exports its products to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.
As of March 31, 2023, the company employed 385 people from various departments, including technical and support staff, administration, management and operations.
The company currently operates six production facilities, including four in India and two in Oman, which are held by its foreign subsidiary Ocean Aquatic Proteins LLC. In addition, the company operates three blending plants and five storage facilities, all of which are located in India. All of the company's facilities are strategically located near the coast.
The company is certified by NQA and UKAS to ISO 22000:2018 and ISO 9001:2015 management system standards.
As of December 31, 2022, the company has contractual arrangements with third-party manufacturing facilities in Sasihithlu (Karnataka), Udupi (Karnataka), Taloja (Maharashtra) and Ratnagiri (Maharashtra) for the supply of fishmeal and fish oil.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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