Mukka Proteins IPO day 2: Check live subscription details here

1 Mar 2024 , 11:27 AM

The Mukka Proteins IPO opened on February 29 and will close on March 4, with a price band set at ₹26 to ₹28 per share and a lot size of 535 shares. To apply the IPO, click here.

At the time of writing as per BSE data, the retail portion of Mukka Proteins IPO was oversubscribed 3.94 times, while the Non-Institutional Investors (NII) portion subscribed 2.75 times, and the Qualified Institutional Buyers (QIB) subscribed 1.01 times.

The IPO, valued at ₹224 crore, consists of a fresh issue of 8,00,00,000 equity shares, with shares reserved for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors in accordance with SEBI guidelines.

Mukka Proteins raised ₹67.20 crores from anchor investors on February 28, allocating 2,39,99,565 equity shares to them. The price band for Mukka Proteins IPO is between ₹26 to ₹28 per equity share, with a lot size of 535 shares and multiples thereafter Reserved shares for the IPO include not more than 50% for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for retail investors.

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