Mukka Proteins IPO allotment was finalised on Tuesday, March 05. The company is expected to hit Dalal Street on March 07.
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The investors applied for the issue and were allotted will receive the shares in their demat account on March 06. They can check the allotment on BSE and the registrar’s web page. Cameo Corporate Services will be initiating refund from March 06.
The registrar of the issue is responsible for the refund and IPO allotment, here Cameo Corporate Services is the registrar for the issue. The investors can check allotment and other details on the web page of Cameo India. Where they can fill in details: Name of the IPO and PAN card number, and then hit the search button to check the allotment status.
Mukka Proteins shares were seeing a grey market premium of Rs 35 or 125% to the issue price of Rs 28. The issue of the fish meat company was opened on February 29 for bidding and was closed on March 04. The company set the IPO price band of Rs 26-28.
The company manufactures and supplies fish meal, fish oil, and fish soluble paste, which is used as a special ingredient for the production of aqua feed, poultry feed, and pet food. Mukka Protein is a key player in the fish protein industry and exports to over 10 countries such as Bahrain, Saudi Arabia, Chile, etc.
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According to the company, the collected funds will be used to fund the working capital requirements of the company; investment in Ento Proteins, and for other general corporate purposes.
