As of today, the Grey Market Premium (GMP) for Mukka IPO stands at ₹25. This value reflects market expectations and investor confidence in Mukka Limited’s prospects.
Introduction
Mukka Proteins IPO- The Mukka Proteins Limited Initial Public Offering (IPO) has generated significant interest among investors. One crucial aspect to consider is the Grey Market Premium (GMP), which provides insights into market sentiment and potential listing gains. Let’s dive into the details.
Mukka Proteins IPO GMP
The Grey Market Premium (GMP) reflects the premium at which IPO shares are trading in the unlisted market before their official listing on stock exchanges. It serves as an unofficial indicator of investor confidence and demand for the IPO.
As of February 28, 2024, the GMP for Mukka Proteins stands at ₹17. This means that the shares are currently trading at a premium of ₹17 above the IPO price band of ₹26 to ₹28 per share.
Mukka Proteins IPO GMP (Grey Market Premium) Live Rates day by day Updated Here.
The grey market premium for the Mukka Proteins IPO rose from ₹17 to ₹29, indicating heightened investor interest and confidence in the company’s future prospects.
| Date | IPO PRICE | IPO GMP |
| Today | ₹28 | ₹25 |
| 3 March 2024 | ₹28 | ₹25 |
| 2 March 2024 | ₹28 | ₹29 |
| 1 March 2024 | ₹28 | ₹28 |
| 29 February 2024 | ₹28 | ₹17 |
| 28 February 2024 | ₹28 | ₹17 |
IPO Details
- Issue Size: The IPO aims to raise ₹225 crores through a fresh issue of equity shares.
- Price Band: The price band for each share is set between ₹26 and ₹28.
- Listing Date: The shares are expected to list on March 7, 2024.
Reservation for Investors
- QIBs: Not more than 50% of the net issue.
- Retail Investors: Not less than 35% of the net issue.
- HNI (High Net Worth Individuals): Not less than 15% of the net issue.
Promoter Holding
The company’s promoters include Kalandan Mohammed Haris, Kalandan Mohammad Arif, and Kalandan Mohammed Althaf.
Financial Performance
Between March 2021 and March 2022, Mukka Proteins witnessed a 27.25% increase in revenue and a remarkable 134.5% rise in profit after tax (PAT).
Should You Invest?
Before participating in the Mukka Proteins IPO, consider factors such as the company’s growth prospects, industry dynamics, and your investment goals. Consulting with financial advisors is advisable to make an informed decision.
