Mukka Proteins IPO GMP

Mukka Proteins IPO: Making Waves in the Market

Mukka Proteins IPO is creating a buzz! Should you subscribe or skip? Find out more about this exciting opportunity.

Mukka Proteins IPO is generating significant interest in the market, with the subscription fully booked on day 1. The retail portion witnessed a massive response, signaling high demand for Mukka Proteins' fish products used in aqua feed, poultry feed, and pet food. With aims to raise Rs 224 crore, the IPO has caught the attention of investors as it debuts on Dalal Street, subscribed 0.57 times overall. The price band is set at Rs 224 per share, with the subscription closing on March 4, 2024.

Investors are pondering whether to subscribe to the Mukka Proteins IPO as the company plans to expand its presence in key export markets like China, Chile, and Japan, and explore new market entries. With six manufacturing facilities across India and abroad through its foreign subsidiary, Mukka Proteins is poised for growth. Unlisted shares are trading higher in the grey market, hinting at potential listing gains.

As the IPO opens today, investors are considering the 10 things to know before diving in. The anticipation is high as the public offer continues until March 4. The excitement around Mukka Proteins' entry into the market is palpable, with expectations of a significant impact on the protein market.

In the midst of all the IPO frenzy, one interesting fact to note is that Mukka Proteins operates a total of six manufacturing facilities, reflecting its robust production capacity and market presence. Another intriguing detail is the projected 53.57% listing gain from the public issue, adding to the allure of this IPO opportunity.