Mukka Proteins shares soar in debut, closing at ₹42.26

7 Mar 2024 , 08:07 PM

Today marked a successful opening for Mukka Proteins’ share price on the exchanges. The share price of Mukka Proteins closed at ₹42.26 on the BSE, 42.86% more than the ₹28 issue price. The share price of Mukka Proteins opened at ₹44 on the BSE today, which represents a 57.14% increase above the issue price.

Throughout the three days of the Mukka Proteins IPO, investors showed a great deal of demand. According to BSE data, Mukka Proteins’ IPO subscription status was 136.99 times. There were 58.52 subscriptions for the retail investors portion, 250.38 bookings for the non-institutional investors (NII) portion, and 189.28 bookings for the qualified institutional buyers (QIB) portion.

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

It 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.

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 initial public offering (IPO) price band for Mukka Proteins was set at ₹26 to ₹28 per equity share with the face value of ₹1. Initially, Mukka Proteins’ IPO lots were 535 equity shares, and they were subsequently sold in multiples of 535 equity shares.

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