Key Points
The shares of Mukka Proteins will debut on the exchanges on Thursday..
Net proceeds raised through the issue will be used towards working capital requirements, investment in its associate, Ento Proteins, and funding working capital requirements as well as general corporate purposes...
Mukka Proteins is one of the leading companies for manufacturing and marketing of fish meal, fish oil and allied products in domestic as well as global markets...
The company sells its products domestically and exports them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam...
Mukka has around 25-30% market share in India which has two-third coastal land.. Fish meal is predominantly used as a rich source of protein in compound feeds and the demand is driven by the aquaculture industry..
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