Mukka Proteins IPO GMP History
Mukka Proteins IPO has been listed on March 7, 2024 at a listing price of ₹40, against the issue price of ₹28 — a gain of ₹12 (+42.86%). The GMP peaked at ₹30 on 6 March 2024 and reached a low of ₹12 on 22 February 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Mukka Proteins IPO raised ₹224 Cr. through its IPO at a price band of ₹26 to ₹28 per share, with a lot size of 535 shares. The IPO was open for subscription from 29 Feb 2024 to 04 Mar 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:34 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 06 Mar 2024 | ₹ 30 | — | 107% | — | — |
| 05 Mar 2024 | ₹ 30 | ▲ | 107% | — | — |
| 04 Mar 2024 | ₹ 25 | — | 89% | — | — |
| 02 Mar 2024 | ₹ 25 | — | 89% | — | — |
| 01 Mar 2024 | ₹ 25 | ▲ | 89% | — | — |
| 29 Feb 2024 | ₹ 17 | — | 61% | — | — |
| 28 Feb 2024 | ₹ 17 | ▲ | 61% | — | — |
| 27 Feb 2024 | ₹ 15 | — | 54% | — | — |
| 26 Feb 2024 | ₹ 15 | — | 54% | — | — |
| 23 Feb 2024 | ₹ 15 | ▲ | 54% | — | — |
| 22 Feb 2024 | ₹ 12 | ▼ | 43% | — | — |
| 21 Feb 2024 | ₹ 17 | — | 61% | — | — |
Mukka Proteins IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 29 Feb 2024
- Close 04 Mar 2024
- Allotment 05 Mar 2024
- Refund/credit 06 Mar 2024
- Listing 07 Mar 2024
Mukka Proteins IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹28 |
|---|---|
| GMP-based estimate (pre-listing) | ₹58 (+107.1%) |
| Listing gain / loss | +₹12 per share |
| Listing date | 07 Mar, 2024 |
| Actual listing price | ₹40 (+42.86%) |
Is Mukka Proteins IPO GMP reliable?
Grey market premium for Mukka Proteins IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Mukka Proteins IPO full review for a fundamentals-based assessment before making any grey market trades.
Mukka Proteins IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Mukka Proteins IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Mukka Proteins IPO
Mukka Proteins Limited was incorporated in March 2003. It makes fish protein products, namely fish meal, fish oil and fish soluble paste.
These are key ingredients for aqua feed for fish and shrimp, poultry feed for broilers and layers, and pet food. It also has an associate, Ento Proteins.
It exports to countries such as Bahrain, Bangladesh, Chile, Indonesia, Malaysia, the Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam. Its promoters are Kalandan Mohammed Haris, Kalandan Mohammad Arif and Kalandan Mohammed Althaf.
The IPO was Rs 224 crore and was entirely fresh issue. Rs 120.00 crore was planned for working capital and Rs 10.00 crore for its associate Ento Proteins.
Frequently asked
What is the GMP of Mukka Proteins IPO?
The current Grey Market Premium (GMP) of Mukka Proteins IPO is ₹ 30.
What is the Kostak Price of Mukka Proteins IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Mukka Proteins IPO is not available.
What is the Subject to Sauda Price of Mukka Proteins IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Mukka Proteins IPO?
Mukka Proteins IPO listed on March 7, 2024 at ₹40, against the issue price of ₹28 — a gain of +42.86%.
How did the GMP of Mukka Proteins IPO trend before listing?
The GMP of Mukka Proteins IPO was stable in its final days before listing. The GMP peaked at ₹30 on 6 March 2024. View the day-wise table above for the complete GMP history.
Explore Mukka Proteins IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
