Mukka Proteins has submitted a new draft red herring prospectus to the SEBI for an IPO to raise funds. The company, which leads Indias fish protein industry, intends to offer up to eight crore shares, with a face value of Re1, in a fresh issue. At least 35% will be available to retail individual bidders, while up to INR10 crore ($1.3m) will be invested in Mukkas associate, Ento Proteins Private Limited. More than 50% of the issue will be open to allocation to qualified institutional buyers. The companys DRHP shows it made INR770.5 crore in revenue in FY22, up 27.6% YoY.
Mukka Proteins Limited refiles DRHP with SEBI for IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The Right Issue Committee of the Board of directors of Aarti Surfactants Ltd, at its meeting held on Friday, November 25, 2022 has approved the rights issue to raise upto Rs. 49.60 crores.