Mukka Proteins IPO

About Company

Mukka Proteins Limited is involved in the manufacturing of fish protein products. The company manufactures and supplies fish oil, fish meal, and fish soluble paste, which are essential ingredients in the manufacture of aqua feed, poultry feed, and pet food. Fish oil is also used in pharmaceutical products, such as Omega-3 pills and related products, soap manufacturing, leather tanneries and paint industries.

The company sells its products in India and exports them to more than 10 countries, including Bangladesh, Bahrain, Chile, Malaysia, Indonesia, Philippines, Myanmar, Saudi Arabia, China, South Korea, Taiwan, Vietnam, and Oman. The company has 6 manufacturing units, out of which 4 units are located in India, and 2 are held through their foreign subsidiary, Ocean Aquatic Proteins LLC, in Oman. Further, the company operates 3 blending facilities and 5 storage facilities located in India. All their facilities are strategically located within close proximity to the coastline.

The Indian fish meal and fish oil industry experienced growth and development in the past 15-20 years, driven by export demand amid a global reduction in production. In fiscal 2023, fish meal exports surged to ₹26,947.2 million. Omega-3 pills and other products derived from fish oil are gaining significance as nutrient-rich and healthy dietary supplements.

As part of the Aatmanirbhar Bharat Abhiyan, the government-sanctioned Pradhan Mantri Matsya Sampada Yojana (PMMSY) in FY 2021 aimed to support the country's Blue Revolution through sustainable development of the fisheries sector. India, a major global animal feed producer, anticipates a robust 3.5-4.0% CAGR in the compound animal feed market from FY 2022 to 2026. Within this market, aqua feed is poised to be the fastest-growing segment, with an expected 9-10% CAGR in value terms. This growth will increase demand for protein-rich feed, including fish meal and fish oil. Mukka Proteins Limited will probably benefit from this.

Mukka Proteins Limited IPO Details

Mukka Proteins Limited IPO Dates

Mukka Proteins Limited’s IPO dates are not yet announced. The IPO will be listed on BSE and NSE.

Mukka Proteins Limited IPO Price Band

Mukka Proteins Limited is a fresh issue of up to 8,00,00,000 equity shares. The price of the IPO is to be announced.

Mukka Proteins Limited IPO Lot Size

Mukka Proteins Limited’s IPO lot size is to be announced.

Mukka Proteins Limited IPO Objectives

The objectives of Mukka Proteins Limited's IPO are listed below:

• To fund the working capital requirements of their associate, Ento Proteins Private Limited.
• For general corporate purposes.
• For working capital requirements.

Peer Details

As per DRHP, there are no listed peers whose business portfolio is comparable to the company.

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Contact Details of Mukka Proteins Limited IPO

• Registered office: Mukka Corporate House, Door, No. 18-2-16/4, First Cross, NG Road, Attavara, Dakshina Kannada, Mangaluru - 575001, Karnataka, India.
• Phone: +918244252889
• E-mail: cs@mukkaproteins.com