Mukka Proteins IPO
Mukka Proteins Limited (MUKKA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 07 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +55.8% (likely range +46% to +103%), day's high +74.7%, chance of a gain 97%. Actual: +42.9% at the open, +50.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,60,00,435 | 3,02,85,31,210 | 189x | |
| NII (HNI) total | 1,20,00,000 | 3,00,46,14,570 | 250x | |
| Big NII (above ₹10 lakh) | 80,00,000 | 2,03,31,80,830 | 254x | |
| Small NII (₹2-10 lakh) | 40,00,000 | 97,14,33,740 | 243x | |
| Retail | 2,80,00,000 | 1,63,84,93,140 | 58.5x | |
| Total | 5,60,00,435 | 7,67,16,38,920 | 137x |
Bids on NSE and BSE together, as published by NSE, as of 04 Mar 2024, 07:00 PM. Shares offered exclude the anchor portion. 19% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Mukka Proteins's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Chemcon Speciality ChemicalsSep 2020 | 114x | 449x | 41.2x | 149x | ₹318 Cr | +115.0% | +115.1% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Fedex Securities | 3 | +19.7% | 67% |
Offer documents (NSE)
Frequently asked
What is the Mukka Proteins IPO price band and lot size? ₹26.0–28.0 per share, with a lot of 535 shares, so the smallest retail bid is ₹14,980.
How many times has it been subscribed? 137x overall: QIB 189x, NII 250x, retail 58.5x.
How did it list? It opened at ₹40.0, +42.9% against the issue price of ₹28.0, and closed its first day +50.9%.
