Mukka Proteins, a leading player in the fish meal and fish oil industry, is all set to launch its Initial Public Offering (IPO) from 29 February 2024 to 4th March 2024.
Mukka Proteins IPO Overview:
- Mukka Proteins is well-known for its exports of fish meal, fish oil, and related products, showing its strong position in the industry.
- It contributed 45%-50% to the total revenue of India’s fish meal and fish oil industry in 2022, making it a leader in the sector.
Financial Performance:
| Year | Revenue (in Cr) | Expense (in Cr) | PAT (in Cr) |
|---|---|---|---|
| 2021 | ₹609.95 | ₹598.31 | ₹11.01 |
| 2022 | ₹776.15 | ₹741.18 | ₹25.82 |
| 2023 | ₹1183.80 | ₹1119.32 | ₹47.52 |
| 2023 (6M) | ₹612.88 | ₹569.89 | ₹32.98 |
Mukka Proteins IPO Details:
- The IPO plans to raise about ₹225 crores by selling new shares and existing shares.
- Investors can buy shares in the IPO for ₹26 to ₹28 each, with a minimum of 535 shares.
- The IPO will be listed on both BSE and NSE, giving investors more access to the company’s shares.
IPO Details:
| IPO Details | Details |
|---|---|
| IPO Date | 29 February 2024 to 4th March 2024 |
| Amount to be Raised | Approx. ₹225 crores |
| Offering | Fresh issue of ₹225 crores |
| – | Offer for sale up to 80,000,000 |
| Face Value | equity shares of ₹1 each |
Mukka Proteins IPO Allotment & Listing Dates Details:
| Parameter | Details |
|---|---|
| IPO Open | Feb 29, 2024 |
| IPO Close | Mar 4, 2024 |
| IPO Price Band | ₹26 to ₹28 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Allotment Date | Mar 5, 2024 |
| Listing Date | Mar 7, 2024 |
| Minimum Market Lot | 535 shares, ₹14,980 application amount |
| Maximum Retail Lot | 6955 shares, ₹194,740 amount |
Products and Innovation:
- The company specializes in making and supplying fish meal, fish oil, and fish paste, which are important for aqua feed, poultry feed, and pet food.
- Mukka Proteins has shown innovation by selling insect meal and insect oil as sustainable ingredients for aqua feed, animal feed, and pet food, highlighting its forward-thinking approach.
Product and Innovation:
| Mukka Proteins IPO | Details |
|---|---|
| Product Range | Manufactures and supplies fish meal, fish oil, and fish soluble paste |
| Innovation | Commercialized insect meal and insect oil as an ingredient for aqua feed, animal feed, and pet food |
Mukka Proteins Financial Performance:
- Mukka Proteins has had strong financial growth, with steady revenue increases over the years. In 2023, the company made ₹1183.80 crores in revenue, showing its strong market position and growth.
Purpose of the Mukka Proteins IPO:
- The money raised will be used for working capital and investing in Ento Proteins Private Limited, a company associated with Mukka Proteins, to support its growth.
Comparison and Valuation:
- Mukka Proteins competes with companies like Avanti Feeds Limited, Godrej Agrovet Limited, Zeal Aqua Limited, and Waterbase Limited. However, its strong finances and innovative approach make it stand out.
- With a Return on Net Worth (RoNW) of 34.19% and a Net Asset Value (NAV) of ₹5.86 per Equity Share, Mukka Proteins is an attractive investment option.
Export Markets and Corporate History:
| Mukka Proteins | Details |
|---|---|
| Export Markets | Sells products domestically and exports to over 10 countries including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, |
| Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam | |
| Corporate History | Originally formed as a partnership firm in 2003, converted to a private limited company under the Companies Act, 1956 |
- The Mukka Proteins IPO offers an exciting opportunity for investors to join a growing company in the fish meal and fish oil industry.
- With its track record, innovative products, and financial performance, Mukka Proteins is set to create long-term value for its investors.
The article provides a disclaimer stating that it is for educational and knowledge purposes only. It advises consulting a financial advisor before making any decisions.
