New Delhi: Mukka Proteins IPO, which opened for subscription final week, on Thursday, February 29, is nearing its closing at present, Monday, March 4. The IPO has obtained favorable responses over the primary two days of its opening. Based on information obtainable on BSE, the subscription standing stood at 6.97 occasions on day 2, whereas on the primary day, the difficulty was subscribed 2.47 occasions.
Reservation
In its IPO, Mukka Proteins Ltd has reserved no more than 50 p.c of the shares for Certified Institutional Patrons (QIBs), not lower than 15 p.c for Non-Institutional Traders (NIIs), and never lower than 35 p.c of the provide for retail buyers. (Additionally Learn: BIG Blow To THESE SBI Credit score Card Holders; You Will Not Get Lease Cost Rewards From April 1)
Mukka Proteins Ltd IPO: Value Band And Lot Dimension
The worth band for Mukka Proteins IPO has been set within the vary of Rs 26 to Rs 28 per fairness share, with a face worth of Re 1. The lot measurement for the IPO is 535 fairness shares, and thereafter in multiples of 535 fairness shares. (Additionally Learn: Invoice Gates & Mark Zuckerberg In Indian Wedding ceremony Apparel: Test How These Mogul Appears to be like In Conventional Outfit)
Mukka Proteins Ltd IPO: IPO Particulars
The overall value of Mukka Proteins IPO stands at Rs 224 crore, comprising a recent challenge of 8,00,00,000 fairness shares, with no offer-for-sale part.
Gray Market Premium
At present, the gray market premium (GMP) for Mukka Proteins IPO stands at +25. This means that Mukka Proteins’ share value is buying and selling at a premium of Rs 25 within the gray market, as per investorgain.com.
Anticipated Itemizing Value
Contemplating the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Mukka Proteins shares is indicated at Rs 53 apiece. This displays a rise of 89.29 p.c in comparison with the IPO value of Rs 28.
About Mukka Proteins Restricted
Mukka Proteins Ltd specializes within the manufacturing and sale of fish meal, fish oil, and fish soluble paste. These merchandise are important parts within the manufacturing of aqua feed (for fish and prawns), poultry feed (for grill and layer), and pet meals (canine and cat chow).
