Mukka Proteins IPO Itemizing: Fish protein product manufacturing firm Mukka Proteins has made an amazing entry out there right this moment. The corporate's shares had been listed at an increase of 57 p.c in comparison with the IPO worth. Its shares began buying and selling on BSE at Rs 44 with a achieve of 57.14 p.c. Whereas, on NSE additionally the corporate's shares had been listed at Rs 40, rising by 42.85 p.c from the difficulty worth of Rs 28. Thus, the market valuation of the corporate on the day of itemizing was Rs 1,147.20 crore. Nonetheless, shortly after the itemizing, the corporate's inventory fell to Rs 39.85 on the Bombay Inventory Change. On account of this, the revenue of traders lowered to solely 42 p.c.
Learn Additionally: Had began making namkeen by taking mortgage, right this moment traders are standing in line, know the main points of IPO
Congratulations to Mukka Proteins Restricted on getting listed on NSE right this moment on our trade @NSEIndia. Mukka Proteins Ltd manufactures fish protein merchandise. The corporate produces and provides fish meal, fish oil and fish soluble paste, that are important elements… pic.twitter.com/W0dSTcgVc3
— NSE India (@NSEIndia) March 7, 2024 The IPO was opened on March 4.
Functions for the IPO of Mukka Proteins began on 29 February. On March 4, the final day of functions, the IPO was subscribed 136.89 occasions. The value vary of Rs 26-28 per share was fastened for the IPO of about Rs 224 crore. Traders in Mukka Proteins IPO needed to bid for at the least 535 fairness shares. Retail traders will get at the least Rs 13,910 for this [535 (लॉट आकार) x 26 (निचला मूल्य बैंड)] Needed to make investments. The bid quantity on the higher restrict of the value band elevated to Rs 14,980.
what does the corporate do
Mukka Proteins was established in March 2003. Mukka Proteins Ltd. specializes within the manufacturing of fish protein merchandise. Mukka Proteins Restricted exports its merchandise to greater than 10 international locations. Its export market consists of some international locations like Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, Vietnam and many others. Within the monetary yr ending March 2022 (FY22), the corporate achieved a web revenue of Rs 25.8 crore, which was Rs 11.01 crore greater than the earlier yr. Throughout the identical interval, income from operations noticed a rise from Rs 603.8 crore to Rs 770.5 crore. Within the first 9 months of the monetary yr ending December 2023 (FY23), the corporate reported a web revenue of Rs 25.6 crore on income of Rs 756.4 crore.
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