Mukka Proteins IPO Subscription: Day 1 Live Updates

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Mukka Proteins is a company that produces plant-based protein powders and supplements. They are based in India and have been operating since 2018. On March 31st, 2023, Mukka Proteins announced an initial public offering (IPO) of their shares on the BSE SenseX stock exchange.

The IPO is being managed by ICICI Securities and Kotak Mahindra Capital Markets. The company has set a price range of INR 1,000 to INR 1,200 per share for the IPO. The minimum investment amount is INR 50,000 and the maximum investment amount is INR 2,00,000 per investor.

Mukka Proteins has been growing rapidly in recent years. In the financial year ending March 31st, 2022, the company reported a revenue of INR 4.5 crore and a net profit of INR 1.7 crore. This represents a significant increase from the previous financial year, when the company reported a revenue of INR 2.8 crore and a net profit of INR 90 lakhs.

The company's growth has been driven by its focus on high-quality, plant-based protein products that are popular among health-conscious consumers. Mukka Proteins offers a range of products, including protein powders, supplements, and functional foods. The company also has a strong online presence, with a website and social media channels that help it reach customers across India and beyond.

As an investor in the IPO, you will be buying shares in Mukka Proteins. These shares represent ownership in the company and give you a stake in its future growth and success. The proceeds from the IPO will be used by the company to expand its operations, develop new products, and invest in marketing and distribution.

It's important to note that investing in the stock market carries risks, and there is no guarantee of positive returns. Before making any investment decisions, it's a good idea to do your own research and consider seeking advice from a financial advisor.