Mukka Proteins' IPO retail portion fully booked on day one

29 Feb 2024 , 05:02 AM

Mukka Proteins IPO is off to a strong start on its first day of opening, with its retail part being fully subscribed within the first two hours of opening. Based on BSE statistics, Mukka Proteins’ IPO subscription status was 2.44 times on day 1 at 16:55 IST.

The retail investor portion of Mukka Proteins’ initial public offering (IPO) has been subscribed 3.65 times, while the non-institutional investor (NII) portion has been overbooked 151%. The qualified institutional buyer (QIB) portion has been overbooked at 101%.

Subscription for Mukka Proteins’ initial public offering (IPO) begins today, Thursday, February 29, and ends on Monday, March 4. During its IPO on Wednesday, February 28, Mukka Proteins raised ₹67.20 Crores from anchor investors.

The Mukka Proteins Initial Public Offering (IPO) has set aside a minimum of 35% of the shares for retail investors, a maximum of 50% of the shares for qualified institutional buyers (QIB), and a minimum of 15% for non-institutional institutional investors (NII).

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 Re 1. The 535 equity shares that make up each IPO lot for Mukka Proteins are followed by multiples of 535 equity shares.

As of 16:55 IST, bids for 13,57,02,750 shares of the 5,60,00,435 shares offered in the Mukka Proteins IPO were received, according to BSE statistics.

In the Mukka Proteins initial public offering (IPO), bids were received for 10,17,51,115 shares, out of the 2,80,000 shares that were offered to retail investors.

The non-institutional investors section of the Mukka Proteins IPO got bids for 1,81,17,775 shares, out of the 1,20,00,000 shares that were offered for this segment.

1,61,79,470 shares were bid for by the QIBs section of the Mukka Proteins IPO, out of the 1,60,00,435 shares that were offered for this segment.

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