Mukka Proteins Ltd. IPO

Mukka Proteins Limited is a prominent player in the Indian animal protein industry, specializing in the production of fish meal, fish oil, and fish soluble paste. They are also developing alternative protein sources, like Black Soldier Fly (BSF) insect meal, to meet the growing demand of the aquaculture industry. With a rich heritage spanning over five decades, Mukka Proteins is a recognized exporter of fish meal and fish oil products, supplying to both domestic and international markets. Their commitment to quality and sustainability ensures they offer reliable solutions for animal feed requirements.

RHP
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DRHP
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Open Date

2024-02-29

Close Date

2024-03-04

IPO Details

Check out the issue details for Mukka Proteins Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 28

Price Band

₹ 26 - 28

Issue Size

224 Cr.

Issue Type

Book Built

Open

2024-02-29

Close

2024-03-04

Listingprice

₹ 40

ListingGain

42.86%

Listing Date

2024-03-07

CMP

₹ 36.8

Current Return

31.43%

Company Financials

You can get the following financial statements of Mukka Proteins Ltd. as of now.

Subscription Details

The details about the Mukka Proteins Limited IPO is as:

  • The issue size of the IPO is 224 Cr.
  • The price band for Mukka Proteins Limited IPO is Rs 26 to Rs 28.
  • The shares of Mukka Proteins Limited IPO will list on 7th March 2024.
  • The latest tentative GMP of Mukka Proteins Limited IPO is Rs 2.
  • The shares of Mukka Proteins Limited IPO is subscribed 136.99 Times as of 4th March 2024.

 

Mukka Proteins Limited IPO Valuation

The approx valuation of Mukka Proteins Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 28
Existing Shares (Qty) 22.00 Cr
Fresh Issue 224 Cr
EPS (FY23) Rs 2
PE Ratio 14x
Industry PE 26.29x

 

Mukka Proteins Limited IPO Issue Size

Mukka Proteins Limited IPO issue size is 224 Cr

Issue Amount
Fresh Issue 224 Cr
Offer For Sale 0 Cr

 

Mukka Proteins Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 535 shares and a maximum of 13 lots of 6955 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 535 14,980
 Maximum 13 6955 1,94,740

 

Mukka Proteins Limited IPO share offer

The shares of Mukka Proteins Limited PO is subscribed 136.99 Times as of 4th March 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 189.28 Times
Non-Institutional Minimum 15% 250.39 Times
Retail Individual Minimum 35% 58.52 Times
Total   136.99 Times

Allotment Details

Find below the dates for Mukka Proteins Limited IPO:

Schedule Date
Basis of Allotment 5 March 2024
Refunds 6 March 2024
Credit to Demat Account 6 March 2024
IPO Listing Date 7 March 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 407.37 545.72 536.25 692.89 1066.4
Total Expenditure 382.63 525.66 529.39 660.37 1000.73
Operating Profit 24.74 20.07 6.86 32.52 65.67
Other Income 3.01 8.14 9.15 7.74 8.87
Interest 4.34 6.59 6.95 8.35 15.18
Depreciation 2.2 2.8 3 3.72 4.27
Exceptional Items -0.69 0 0 0 0
Profit Before Tax 20.53 18.82 6.06 28.2 55.1
Provision for Tax 5.12 5.98 1.45 8.38 15.67
Net Profit 15.41 12.84 4.61 19.82 39.42
Adjusted EPS (Rs.) 0.07 0.06 0.02 0.09 0.18

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 5.5 5.5 5.5 22 22
Total Reserves 39.8 52.03 57.36 60.29 99.64
Borrowings 14.35 9.84 6.96 3.04 0.27
Other N/C liabilities 3.19 3.5 3.51 6.25 9.46
Current liabilities 133.82 186.5 215.05 237.5 368.67
Total Liabilities 196.66 257.37 288.38 329.07 500.03
Assets
Net Block 42.31 44.04 47.59 48.3 51.08
Capital WIP 0 1.22 0 0 0
Intangible WIP 0 0 0 0 0
Investments 11.23 8.14 11.53 20.67 23.63
Loans & Advances 1.72 1.95 2.02 1.97 2.31
Other N/C Assets 0 0 1.42 1.38 1.6
Current Assets 141.4 202.02 225.82 256.75 421.42
Total Assets 196.66 257.37 288.38 329.07 500.03
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 8.42
Profit Before Tax 13.2
Tax 4.15
Profit After Tax 9.05
Adjusted EPS (Rs) 0.41

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 73.33 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 20.53 18.82 6.06 28.2 55.1
Adjustment 4.58 3.47 3.63 5.05 7.71
Changes in Assets & Liabilities -42.15 -40.59 -7.74 -46.21 -101.09
Tax Paid -4.53 -5.76 -4.29 -2.34 -8.68
Operating Cash Flow -21.57 -24.06 -2.33 -15.3 -46.96
Investing Cash Flow -19.44 1.81 -5.41 -7.25 0.71
Financing Cash Flow 31.38 22.64 8.06 27.25 61.12
Net Cash Flow -9.64 0.38 0.31 4.7 14.87
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