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.

Mukka Proteins Ltd. 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

₹ 26.64

Current Return

-4.86%

Mukka Proteins Ltd. News

Mukka Proteins informs about disclosure 2 Dec 2025, 12:27PM Mukka Proteins’ arm, group entities get renewed consent for operation13 Nov 2025, 4:30PM Mukka Proteins zooms on getting nod to make investment in United Gulf Fishery Products LLC13 Nov 2025, 11:35AM Mukka Proteins gets nod to make investment in United Gulf Fishery Products LLC 13 Nov 2025, 11:19AM Mukka Proteins informs about updates on acquisition2 Sep 2025, 1:05PM Mukka Proteins completes acquisition of 51% stake in FABBCO2 Sep 2025, 12:17PM Mukka Proteins empanelled as Authorised Waste Processor by BSWML 14 Aug 2025, 3:58PM Mukka Proteins - Quaterly Results13 Aug 2025, 6:51PM Mukka Proteins - Quaterly Results13 Aug 2025, 6:51PM Mukka Proteins gets nod to acquire 51% stake in Mukka Frozen Impex28 Jul 2025, 11:43AM Mukka Proteins gets nod to acquire 70% paid-up share capital in Mukka Proteins Vietnam28 Jul 2025, 10:30AM Mukka Proteins informs about newspaper publication17 May 2025, 12:32PM Mukka Proteins gets nod for further acquisition of shares in Ocean Proteins16 May 2025, 11:30AM Mukka Proteins - Quaterly Results15 May 2025, 6:25PM Mukka Proteins - Quaterly Results15 May 2025, 6:25PM Mukka Proteins - Quaterly Results15 May 2025, 6:25PM Mukka Proteins completes acquisition of 51% stake in GSM Marine Export22 Apr 2025, 10:21AM Mukka Proteins gets nod to make strategic investment in FABBCO 27 Mar 2025, 4:58PM Mukka Proteins gets nod to make strategic investment in GSM Marine Export26 Mar 2025, 10:00AM Mukka Proteins receives purchase orders worth Rs 44.28 crore6 Mar 2025, 9:49AM

Company Financials

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

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 36.
  • 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

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 536.25 692.89 1066.4 1268.54 886.74
Total Expenditure 529.39 660.37 1000.73 1187.16 810.63
Operating Profit 6.86 32.52 65.67 81.39 76.12
Other Income 9.15 7.74 8.87 16.87 16.48
Interest 6.95 8.35 15.18 24.19 34.33
Depreciation 3 3.72 4.27 5.62 5.86
Exceptional Items 0 0 0 0 0
Profit Before Tax 6.06 28.2 55.1 71.65 52.58
Provision for Tax 1.45 8.38 15.67 8.89 10.9
Net Profit 4.61 19.82 39.42 62.76 41.68
Adjusted EPS (Rs.) 0.02 0.09 0.18 0.21 0.14

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 5.5 22 22 30 30
Total Reserves 57.36 60.29 99.64 335.17 374.37
Borrowings 6.96 3.04 0.27 3.32 1.29
Other N/C liabilities 3.51 6.25 9.46 7.4 6.56
Current liabilities 215.05 237.5 368.67 475.24 561.79
Total Liabilities 288.38 329.07 500.03 851.13 973.99
Assets
Net Block 47.59 48.3 51.08 58.46 58.24
Capital WIP 0 0 0 0 3.8
Intangible WIP 0 0 0 0 0
Investments 11.53 20.67 23.63 34.38 43.8
Loans & Advances 2.02 1.97 3.33 7.11 10.35
Other N/C Assets 1.42 1.38 1.59 1.48 1.38
Current Assets 225.82 256.75 420.4 749.71 856.42
Total Assets 288.38 329.07 500.03 851.13 973.99
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Other Income 2.92 6.23 4.26 3.32 5.67
Profit Before Tax 0.6 31.39 17.26 2.27 6.02
Tax -0.47 6.59 3.97 0.66 2.2
Profit After Tax 1.07 24.8 13.29 1.61 3.82
Adjusted EPS (Rs) 0.04 0.83 0.44 0.05 0.13

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 73.33 0
Jun 2025 73.33 0
Mar 2025 73.33 0
Dec 2024 73.33 0
Sep 2024 73.33 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 6.06 28.2 55.1 71.65 52.58
Adjustment 3.63 5.05 7.71 14.98 22.42
Changes in Assets & Liabilities -7.74 -46.21 -101.08 -205.29 -204.75
Tax Paid -4.29 -2.34 -8.68 -22.58 -2.62
Operating Cash Flow -2.33 -15.3 -46.96 -141.24 -132.38
Investing Cash Flow -5.41 -7.25 0.71 -46.25 -18.02
Financing Cash Flow 8.06 27.25 61.12 258.05 59.65
Net Cash Flow 0.31 4.7 14.87 70.57 -90.74
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