Mukka Proteins IPO subscribed 2.47 times on Day 1

The Initial Public Offering of Mukka Proteins Limited was subscribed 2.47 times on the first day of bidding.

The issue received bids of 13,81,99,060 shares against the offered 5,60,00,435 equity shares, at a price band of ₹26-28, according to the data available on the stock exchanges.

Retail Portion was the most subscribed with 3.69 times, Non-Institutional Investors Portion with 1.55 times, whereas Qualified Institutional Buyer Portion subscribed 1.01 times. The issue kicked off for subscription on Thursday, February 29, 2024 and will close on Monday, March 04, 2024.

A day prior to the opening of the issue, GPT Healthcare Ltd had raised Rs 67.20 crores from anchor investors. Investors who participated in the anchor were Neomile Growth Fund, Saint Capital Fund, Zinnia Global Fund PCC, Eminence Global Fund PCC, Craft Emerging Market Fund PCC, and Elara India Opportunities Fund.

Fedex Securities Private Limited is the sole book-running lead manager and Cameo Corporate Services Limited is the registrar to the offer. The equity shares are proposed to be listed on the BSE and NSE.

Source : Equity Bulls

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MukkaProteins FundRaising IPO Subscription