Discover the latest buzz surrounding the Mukka Proteins IPO! Retail investors are flocking in droves, but what’s driving the hype? Get the inside scoop on subscription numbers, pricing details, and potential listing gains. Don’t miss out on this hot investment opportunity – read now!
Mukka Proteins IPO: Retail Investors Lead the Charge
The Mukka Proteins IPO kicked off with a bang, with its retail portion fully subscribed within just two hours of opening on the first day. By 5:00 PM IST, the subscription status stood at 2.47 times, as per BSE data, indicating a strong investor interest in the offering.
On the first day, retail investors showed exceptional enthusiasm, subscribing to the IPO 3.69 times. Non-institutional investors (NIIs) also displayed keen interest, with the portion being booked 1.55 times. Qualified Institutional Buyers (QIBs) showed a respectable level of interest, with their portion being booked 1.01 times.
Mukka Proteins Ltd specializes in manufacturing and selling fish meal, fish oil, and fish soluble paste, essential components in aqua feed (for fish and prawns), poultry feed (for grill and layer), and pet food (dog and cat chow).
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Key Dates and Offer Details
The Mukka Proteins IPO opened for subscription on Thursday, February 29, and will close on Monday, March 4. The company had already raised ₹67.20 crores from anchor investors on February 28. In terms of offer allocation, not more than 50% of the shares are reserved for Qualified Institutional Buyers (QIBs), while at least 15% is reserved for Non-Institutional Institutional Investors (NIIs), and at least 35% is earmarked for retail investors.
The price band for the Mukka Proteins IPO is set between ₹26 to ₹28 per equity share, with a lot size of 535 equity shares and subsequent multiples.
Subscription Status Highlights
As of 5:00 PM IST, the Mukka Proteins IPO garnered bids for 13,81,99,060 shares against 5,60,00,435 shares on offer. Retail investors bid for 10,33,93,565 shares against the 2,80,00,000 shares allocated for them. Non-Institutional Investors bid for 1,85,96,065 shares against the 1,20,00,000 on offer for this segment. QIBs bid for 1,62,09,430 shares against the 1,60,00,435 shares allocated to them.
With robust subscription numbers and a promising grey market premium, the Mukka Proteins IPO seems poised for a successful listing. The strong interest from retail investors, in particular, reflects confidence in the company’s prospects.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev and Mukka Proteins/BSE, NSE have contributed to the above report
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