Get ready for the investment opportunity of a lifetime with the Mukka Proteins IPO! Find out why experts are buzzing about this IPO and how you can capitalize on its potential for massive gains. Don’t miss your chance to join the excitement and secure your financial future. Invest in Mukka Proteins IPO now!
Mukka Proteins IPO: A Guide to the Latest Investment Opportunity
Investors are abuzz with excitement over the initial public offering (IPO) of Mukka Proteins Limited, which opened on February 29th, 2024. With just a day left for the public to subscribe, let’s delve into the details of this enticing investment opportunity.
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Subscription Details
The IPO aims to raise ₹224 crore through the issuance of fresh shares, with a price band set at ₹26 to ₹28 per equity share. Already, ₹67.20 crore has been raised from anchor investors. Impressively, the book build issue was subscribed 6.97 times within the first two days of bidding, indicating strong interest from primary market investors.
The grey market sentiment towards Mukka Proteins IPO remains highly bullish, with today’s grey market premium standing at ₹30, up from ₹28 on Friday. This surge is attributed to the enthusiastic response from primary market investors and the bullish trend in the Indian stock market.
As of 11:45 AM on day 3 of bidding, the IPO was subscribed 34.34 times overall, with the retail portion oversubscribed 26.41 times and the non-institutional investor (NII) portion oversubscribed 95.37 times. The qualified institutional buyer (QIB) segment saw a subscription of 2.45 times.
With overwhelming subscription numbers and positive expert recommendations, the Mukka Proteins IPO presents a compelling investment opportunity in the fish protein industry. Investors looking for potential listing gains may find this IPO worth considering.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and BSE, NSE, Official Website of Mukka Proteins have contributed to the above report
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