Mukka Proteins IPO opens, huge earning opportunity
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Mukka Proteins IPO: This week too, IPO boom is being seen in the Indian stock market. Many IPOs have come before investors this week. It is understood that Mukka Proteins Limited (Mukka Proteins Limited)’s IPO can generate good income for investors. From today this IPO has opened for investors to bid. The company is trying to collect Rs 224 crore from the market. For this the company has fixed the price band at Rs 26-28. You can apply for IPO till March 4. The shares of the company are getting a premium of Rs 15 in the gray market. Which is indicating its listing at 53.57 percent rise. Let us tell you that the company mainly works in manufacturing aqua feed (for fish and shrimp), poultry feed (for broilers and layers) and pet food (dog and cat food).
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How much will have to be invested
Investors can bid for at least 535 equity shares in Mukka Proteins IPO. Retail investors will get at least Rs 13,910 for this [535 (लॉट आकार) x 26 (निचला मूल्य बैंड)] Will have to invest. At the upper limit of the price band, the bid amount will increase to Rs 14,980.
what does the company do
Mukka Proteins was established in March 2003. Mukka Proteins Ltd. specializes in the manufacturing of fish protein products. Mukka Proteins Limited exports its products to more than 10 countries. Its export market includes some countries like Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, Vietnam etc.
What kind of company’s financial profile
In the financial year ending March 2022 (FY22), the company achieved a net profit of Rs 25.8 crore, which was Rs 11.01 crore more than the previous year. During the same period, revenue from operations saw an increase from Rs 603.8 crore to Rs 770.5 crore. In the first nine months of the financial year ending December 2023 (FY23), the company reported a net profit of Rs 25.6 crore on revenue of Rs 756.4 crore.
,Disclaimer: Investing in stock market and IPO is subject to market risk. Before investing in any share, get complete information from a good financial advisor.,
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