This IPO can double your money in 3 days, will you invest?

New Delhi. Mukka Proteins IPO, which opened on Thursday, has received good support from investors. Besides, the unlisted shares of the issue are also making waves in the gray market. The issue shares are trading at 100 percent premium in the gray market (Mukka Proteins IPO GMP). Mukka Proteins IPO has been subscribed 6.97 times in the first two days. Tomorrow i.e. March 4 is the last day to bid for the shares of this issue. The company raised Rs 67.20 crore from anchor investors on Wednesday, February 28.

Mukka Protein is one of the biggest fish meal and fish oil companies in the country. It also exports fish meal to more than 15 countries. The company manufactures fish meal, fish oil and fish soluble paste, which is an essential ingredient in aqua feed, poultry feed and pet food manufacturing. At present the company has 6 plants running across the country. The company’s revenue from operations has increased by 53 percent during the financial year 2022-23. The company’s EBITDA grew at the rate of 22 percent and 40 percent in FY22 and FY23 respectively.

Also read- Huge profits! Turned Rs 1 lakh into Rs 26 lakh in 5 years, do you have this fortune changing stock?

Company will raise Rs 224 crore
The company aims to raise Rs 224 crore through this IPO. 8 crore new shares will be issued in the issue. The price band of Mukka Proteins IPO has been fixed between Rs 26 to Rs 28 per equity share at Re 1 face value.

There are 535 shares in one lot
The size of one lot of Mukka Proteins IPO is 535 equity shares. Retail investors can bid for a maximum of 13 lots. This means that the retail investor will have to invest at least Rs 14,980. In the Mukka Proteins IPO, more than 50% of the shares in the issue are reserved for Qualified Institutional Buyers (QIB). 15 percent is reserved for non-institutional investors (NII) and 35 percent for retail investors.

Mukka Proteins IPO GMP
Mukka Proteins IPO shares are making waves in the gray market. According to IPO Watch, the unlisted shares of the issue are trading at a premium of Rs 28 today (Mukka Proteins IPO GMP). The upper price band of the issue is also Rs 28. This means that the IPO shares can be listed in the stock market at Rs 56.

However, every investor must know that it is not necessary that the IPO whose shares are trading at a premium in the gray market, should also be listed at a premium in the stock market. The opposite may also happen and IPO investors may suffer losses instead of profits on listing.

,

Tag: business news in hindi, IPO, tips to earn money, Share Market