Fueling Success: Mukka Proteins Limited IPO Analysis Unveiled!
Mukka Proteins Limited recently conducted an Initial Public Offering (IPO) that garnered significant attention from investors. The IPO, which raised Rs 224.00 crores, involved a book-building process and offered 8 crore new shares to the market. Investors had the opportunity to bid for these shares from February 29 to March 4, 2024.
The allocation of shares was finalized on March 5, 2024, and they began trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on March 7, 2024. The price of the Mukka Proteins IPO shares ranged from ₹26 to ₹28 per share.
Investment Requirements and Categories
To participate in the Mukka Proteins IPO, investors were required to meet certain investment criteria. The minimum number of shares an investor could apply for was 535, which amounted to a minimum investment of ₹14,980.
However, it is important to note that certain investor categories, such as SNII and BNII, had higher minimum investment requirements. SNII investors were required to purchase 7,490 shares (equivalent to 14 lots), costing ₹209,720. Similarly, BNII investors needed to acquire 35,845 shares (equivalent to 67 lots), with a total cost of ₹1,003,660.
Key Players in the IPO Process
The Mukka Proteins IPO was managed by FedEx Securities Pvt Ltd, a renowned financial services company with expertise in handling IPOs. They played a crucial role in ensuring the smooth execution of the IPO process.
Additionally, Cameo Corporate Services Limited, a leading provider of investor services, was responsible for handling the registration process for the IPO. Their expertise and efficient services contributed to the overall success of the IPO.
For investors seeking more detailed information about the Mukka Proteins IPO, it is advisable to refer to the Red Herring Prospectus (RHP) document. This document provides comprehensive insights into the company’s financials, business model, and future prospects.
The Mukka Proteins IPO has undoubtedly generated significant interest in the market. With its successful fundraising efforts and the support of reputable financial institutions, the company is well-positioned for future growth and success.
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