🚀 IPO GMP 28 February 2024: Get Ready for Massive Returns! 🚀
Exciting news for investors looking to make a strong profit in IPOs! Mukka Proteins Limited has opened its IPO for investment. The size of the IPO is ₹224 crores, with the IPO opening for investment between 29th February, 2024 and 4th March, 2024.
The company has set the share price band for its IPO at ₹26-28 per share. Mukka Proteins has allocated 535 shares under one lot, requiring retail investors to deposit a minimum of ₹14,980 to purchase one lot. Retail investors can buy a maximum of 13 lots.
The promoters of Mukka Proteins Limited hold a 100% stake in the company. According to experts analyzing the grey market, shares of Mukka Proteins Limited are trading at a premium price of ₹17 in the grey market. If the share holds at the same price, the IPO shares could be listed at ₹45, meaning investors could see a 60% profit on the first day!
The company’s shares will be listed on the BSE and NSE indices on 7th March. Mukka Proteins Limited is considered the largest company in the fish protein industry in India, producing fish food, fish oil, and soluble paste used in aquafeed, poultry feed, and pet feed. The company has a total of 6 plants in India.
According to a CRISIL report, the fish food and fish oil industry has captured 45-50% of the market share. The company’s annual production capacity exceeds 1.52 lakh metric tons of fish meal, oil, and paste.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
