Mukka Proteins IPO Listing Highlights: Bumper Listing! Shares list at premium of 57%
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Shares of Mukka Proteins Ltd made a strong debut on bourses today i.e. March 7. Mukka Proteins shares debuted at Rs 44 on the BSE, a premium of 57.14 per cent over its issue price of Rs 28.
On the National Stock Exchange (NSE) the stock was listed at Rs 40 - a premium of 42.86 per cent to the issue price.
Earlier, the initial share sale of Mukka Proteins received 136.89 times the subscription on the last day of bidding on Monday. The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer.
Follow Zee Business LIVE Blog to check all the updates on Mukka Proteins Share Listing on NSE, BSE:
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Shares of Mukka Proteins Ltd made a strong debut on bourses today i.e. March 7. Mukka Proteins shares debuted at Rs 44 on the BSE, a premium of 57.14 per cent over its issue price of Rs 28.
On the National Stock Exchange (NSE) the stock was listed at Rs 40 - a premium of 42.86 per cent to the issue price.
Earlier, the initial share sale of Mukka Proteins received 136.89 times the subscription on the last day of bidding on Monday. The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer.
Follow Zee Business LIVE Blog to check all the updates on Mukka Proteins Share Listing on NSE, BSE:
Latest Updates
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Rs 120 crore will be used towards working capital requirements
Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working capital requirements. Besides, a portion will be used for general corporate purposes.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Price settles at 57% premium to issue price in pre-open market
In the pre-opening session, Mukka Proteins shares settled at Rs 44 on the BSE, a premium of 57.14 per cent to the issue price of Rs 28.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Fedex Securities was the lead manager
Fedex Securities was the manager to the offer.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: What does the company do?
Mukka Proteins is one of the key players in India's fish protein sector. Furthermore, fish oil has diverse applications, including pharmaceuticals (particularly in EPA-DHA extraction for nutraceuticals), soap making, leather treatment, and paint manufacturing.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Raised Rs 67 crore from anchor investors
Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: Price band at Rs 26-28
The company fixed the price band at Rs 26-28 a share for the IPO. The issue was entirely a fresh issue with no Offer For Sale (OFS) component.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: RIIs fetched 58.36 times subscription
The quota for Retail Individual Investors (RIIs) fetched 58.36 times subscription.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: QIBs received 189.28 times subscription
The portion for non-institutional investors got subscribed 250.26 times, while the portion for Qualified Institutional Buyers (QIBs) received 189.28 times subscription.
Mukka Proteins IPO Listing LIVE updates, Mukka Proteins Share Price NSE, BSE: IPO got bids for 7,66,57,65,155 shares
The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer, according to data available with the NSE.