Mukka Proteins IPO

Founded in March 2003, Mukka Proteins Limited specializes in producing fish protein products, catering to various industries such as aqua feed, poultry feed, and pet food. The company is crucial in supplying essential ingredients like fish meal, fish oil, and fish-soluble paste. Global Presence: Exporting to Over 10 Countries

Mukka Proteins has successfully expanded its market reach, exporting its products to more than 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.

Strategic Facilities: Operating Across Borders

With six production facilities in total, four in India and two in Oman under its foreign subsidiary Ocean Aquatic Proteins LLC, Mukka Proteins strategically positions its operations near the coast. Additionally, the company manages three blending plants and five storage facilities, all based in India.

Quality Certification: Committed to Standards

Mukka Proteins holds certifications from NQA and UKAS, meeting the ISO 22000:2018 and ISO 9001:2015 management system standards. This commitment to quality ensures the reliability and safety of its products. Objectives of the IPO:

The primary objectives of Mukka Proteins' Initial Public Offering are to fund its working capital requirements, invest in its associate company, Ento Proteins Private Limited, for its working capital needs, and address general corporate purposes. This strategic move aims to propel the company's growth and strengthen its position in the market. Mukka Proteins IPO Details

• IPO Dates: 29 to 4 March 2024

• Price Band: ₹26 to ₹28 per share

• Lot Size: 535 Shares

• Total Issue Price: ₹224 Crores

• Retail Quota: 35%

• GMP: +55% (for informational purposes only)

Allotment Link

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