Day 2 of Mukka Proteins' IPO: High level of demand from investors

3 Mar 2024 , 12:15 PM

Subscription status for the Mukka Proteins IPO: Even on the second day, investor reaction to the IPO was extremely positive. According to BSE data, the subscription status for Mukka Proteins’ initial public offering was 5.64 times at 16:54 IST.

Day 2 has seen 10.12 times bookings for retail investors, 6.15 times subscriptions for non-institutional investors (NII), and 1.86 times the subscriptions for qualified institutional buyers (QIB).

Mukka Proteins IPO got off to a strong start on its first day of operation, with its retail part being fully subscribed within the first two hours of opening. According to BSE data, the IPO subscription rate for Mukka Proteins was 6.92 times on Day 2.

Retail investors subscribed 3.70 times on Day 1 of the Mukka Proteins IPO, non-institutional investors booked 1.55 times, and qualified institutional buyers booked 1.01 times.

The IPO for Mukka Proteins began on February 29 and end on March 4. Anchor investors contributed ₹67.20 crore to the fund.

It has set aside a minimum of 15% of the shares for NIIs, a maximum of 50% of the shares for QIBs, and a minimum of 35% of the offer for retail investors in the public offering.

Fish meal, fish oil, and fish-soluble paste are produced and sold by Mukka Proteins Ltd. These products are essential to the creation of aqua feed (for fish and prawns), chicken feed (for grilling and layering), and pet food (chow for dogs and cats).

The price range for Mukka Proteins’ initial public offering (IPO) is ₹26 to ₹28 per equity share with a face value of ₹1. The 535 equity shares that make up each IPO lot for Mukka Proteins are followed by multiples of 535 equity shares.

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