Mukka Proteins Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Mukka Proteins

CMP

54.22

+0.28 (0.52%)

  • DRHP
₹28

Offer Price

₹ 224.00 Cr

Issue Size

₹ 14,980

Min Investment

136.99x

Times Subscribed

535

Lot size

Time Line

  • 29
    Feb 2024
    Open
  • 04
    Mar 2024
    Close
  • 05
    Mar 2024
    Finalisation of Basis of Allotment
  • 06
    Mar 2024
    Initiation of Refunds
  • 06
    Mar 2024
    Transfer of Shares to Demat Account
  • 07
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strengthening its foothold in its existing markets and expanding to new geographies.

  • Expanding its presence in new protein source.

  • Pursue strategic inorganic growth opportunities.

Products & Services

  • Mukka Proteins Ltd manufactures fish meal, fish oil and fish soluble paste, an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food).

Strengths

  • Its position as a leading manufacturer and exporter of Fish Protein products.

  • Established customer base and strong relationships.

  • Strategically located processing facilities.

  • Entry Barriers.

  • Strong and consistent financial performance.

Risks

  • Our Company, some of our Subsidiaries, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

  • The Company, some of its Subsidiaries, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company business, results of operations and financial condition.

  • We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations

  • The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.

  • Introduction of stricter norms regulating our operation in domestic and overseas market could result in loss due to our inability to meet customer requirement and production schedules, which could materially affect our business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
85.22%
Pre Holding

85.22%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2021 Mar-2023 3-Yr trend
Revenue 1,177.12 (52.80%) 13.49 (-) 34.19 (-)
Gross Profit 1,177.12 (52.80%) 13.49 (-) 34.19 (-)
Net Income 1,177.12 (52.80%) 13.49 (-) 34.19 (-)
Assets 1,177.12 (52.80%) 13.49 (-) 34.19 (-)
Liabilities 1,177.12 (52.80%) 13.49 (-) 34.19 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Mukka Proteins Ltd 1,177.12 44.08 419.69 271.89 34.19 2.00 6.72 2.99 0.62
Avanti Feeds Ltd 4,100.56 360.07 2,282.23 2,282.23 20.44 26.43 146.03 15.77 0.00
Godrej Agrovet Ltd 6,266.71 313.74 4,798.93 4,798.93 15.29 16.33 128.15 6.53 0.46
Avanti Feeds Ltd 5,086.99 278.67 2,734.65 2,734.65 13.29 20.45 174.45 10.19 0.00
Waterbase Ltd 211.30 5.92 243.26 243.26 3.11 1.43 45.88 2.43 0.00
Godrej Agrovet Ltd 9,373.68 301.91 5,485.95 5,485.95 12.91 15.71 142.78 5.50 0.57
Mukka Proteins Ltd 603.83 8.98 230.06 163.54 13.49 163.20 1,209.53 2.06 0.69
Zeal Aqua Ltd 362.69 7.05 269.85 269.85 9.96 0.56 5.61 2.61 1.50
Waterbase Ltd 304.08 -3.48 286.67 286.67 -1.90 -0.84 44.10 -1.21 0.21

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

Mukka Corp.House DNo 18-2-16/4,
1stCross NG Road Attavara Dak.,
Mangaluru - 575001
Phone : +9182 4425 2889 Email : cs@mukkaproteins.com www.mukkaproteins.com

Offer Related Information

Initial public offering of up to 80,000,000^ equity shares of face value of Re. 1/- each ("Equity Shares") of Mukka Proteins Limited ("The Company" or the "Issuer") for cash at a price of Rs. 28 per equity share (including a securities premium of Rs. 27 per equity share) ("Issue Price") aggregating up to Rs. 224.00 crores ("The Issue")^. The issue will constitute 26.67% of its post-issue paid-up equity share capital. ^Subject to finalisation of the basis of allotment

News

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