Investors eagerly anticipating the outcome of Mukka Proteins’ initial public offering (IPO) can finally breathe a sigh of relief as the share allotment is expected to be announced on Tuesday, March 5. With the IPO subscription period closing on Monday, March 4, the animal protein products manufacturer’s maiden public offer has garnered significant attention from investors.
Do join us LIVE tomorrow for the listing ceremony of Mukka Proteins Limited on NSE. Event link to be shared soon!#NSEIndia #listing #IPO #StockMarket #ShareMarket #MukkaProteinsLimited @ashishchauhan pic.twitter.com/QHgkjTfqsn
— NSE India (@NSEIndia) March 6, 2024
Strong Demand and Over-Subscription
The Mukka Proteins IPO witnessed robust demand from investors, resulting in an over-subscription of approximately 137 times. Notably, the category for qualified institutional buyers (QIBs) saw an overwhelming response, with a subscription rate of 189 times at the close of the offer period.
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Share Allotment and Listing Details
Following the successful subscription period, investors eagerly await the allotment of shares. The credit of shares to Demat accounts and refunds is set to commence on March 6. Mukka Proteins shares are tentatively scheduled to be listed on the stock exchanges, NSE and BSE, on March 7, marking a significant milestone for the company and its investors.
How to Check Share Allotment
Investors can quickly check the allotment status on the official websites of NSE, BSE, and the registrar, Cameo Corporate Services Ltd. For those seeking to check their share allotment status, here are the steps to follow:
Checking Share Allotment on Registrar’s Website:
1. Visit Cameo Corporate Services Ltd IPO website ( https://ipo.cameoindia.com/ ).
2. Select Mukka Proteins from the dropdown list for company names.
3. Enter PAN details or Application No.
4. Enter Captcha and click the submit button to get allotment status.
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Checking Status on BSE Website:
1. Go to the official website of BSE ( https://bseindia.com ).
2. Click on Investors and go to the Investor Services section.
3. Click on Application Status ( https://www.bseindia.com/investors/appli_check.aspx ).
4. Select Mukka Proteins and enter details like PAN or application number.
5. Click on the submit button to check status.
Subscription Details and Offer Highlights
The ₹224-crore public offer of Mukka Proteins garnered applications for a total of 766.57 crore equity shares against 5.6 crore equity shares on offer, showcasing the immense interest from investors. The offer was subscribed across different categories, with the QIBs portion leading the subscription rate at 189.28 times.
The initial share sale of Mukka Proteins comprised a fresh issue of 5,60,00,435 equity shares with a price band of ₹26-28 per share. The company raised approximately ₹67 crore from anchor investors on February 28, before the IPO launch, setting the stage for a successful public offering.
