New Delhi: Mukka Proteins IPO, which opened for subscription final week, on Thursday, February 29, is nearing its closing right this moment, Monday, March 4. The IPO has obtained favorable responses over the primary two days of its opening. According to information out there on BSE, the subscription standing stood at 6.97 occasions on day 2, whereas on the primary day, the problem was subscribed 2.47 occasions.
Reservation
In its IPO, Mukka Proteins Ltd has reserved no more than 50 % of the shares for Qualified Institutional Buyers (QIBs), not lower than 15 % for Non-Institutional Investors (NIIs), and never lower than 35 % of the supply for retail buyers. (Also Read: BIG Blow To THESE SBI Credit Card Holders; You Will Not Get Rent Payment Rewards From April 1)
Mukka Proteins Ltd IPO: Price Band And Lot Size
The value 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. (Also Read: Bill Gates & Mark Zuckerberg In Indian Wedding Attire: Check How These Mogul Looks In Traditional Outfit)
Mukka Proteins Ltd IPO: IPO Details
The complete price of Mukka Proteins IPO stands at Rs 224 crore, comprising a recent concern of 8,00,00,000 fairness shares, with no offer-for-sale part.
Grey Market Premium
Currently, the gray market premium (GMP) for Mukka Proteins IPO stands at +25. This signifies that Mukka Proteins’ share value is buying and selling at a premium of Rs 25 within the gray market, as per investorgain.com.
Expected Listing Price
Considering 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 % in comparison with the IPO value of Rs 28.
About Mukka Proteins Limited
Mukka Proteins Ltd specializes within the manufacturing and sale of fish meal, fish oil, and fish soluble paste. These merchandise are important elements within the manufacturing of aqua feed (for fish and prawns), poultry feed (for grill and layer), and pet meals (canine and cat chow).
Source: zeenews.india.com
