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News Details

26/02/2024 10:52

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Mukka Proteins announces launch of initial public offering

Mukka Proteins Ltd. has announced public offering of 80000000 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 27.00 per share. The gross proceeds of the issue are expected to be Rs 22,400.00 lakhs.

The company's initial public offer (IPO) will open on 29 February 2024 and is expected to close on 04 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 26.00-28.00 per share.

The IPO includes a fresh Issue of 80000000 Equity Shares of the Company at an price of Rs 28.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 535 shares with bids in multiples of 535.

Mukka Proteins Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.