The initial public offer (IPO) of Mukka Proteins received 38,99,15,490 bids for shares as against 5,60,00,435 shares on offer, according to stock exchange data at 17:00 IST on Friday (1 March 2024). The issue was subscribed 6.96 times.

The issue opened for bidding on Thursday (29 February 2024) and it will close on Monday (4 March 2024). The price band of the IPO is fixed at Rs 26 to 28 per share. An investor can bid for a minimum of 535 equity shares and in multiples thereof.

The IPO is entirely a fresh issue of 8,00,00,000 equity shares aggregating up to Rs 224 crore.

The objectives for the fresh issue include Rs 120 crore for funding working capital requirement, Rs 10 crore for investment in associate, and remaining amount for general corporate purpose.

The promot...

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  Mankind Pharma
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  Vodafone Idea
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  Power Grid Corporation
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  Engineers India