#ipo #mukkaproteinsipo #dalalstreet #investmenttips #stocktobuy
Another opportunity is coming in primary market as Mukka Proteins IPO to hit the street on February 29th. IPO is valued at Rs 224 crores, is a book-built issue comprising entirely fresh shares totaling 8 crore. Subscription for the IPO opens on February 29, 2024, closing on March 4, 2024. Allotment is anticipated to be finalized by Tuesday, March 5, 2024, with listing on both BSE and NSE tentatively scheduled for Thursday, March 7, 2024. The price band for the Mukka Proteins IPO is fixed between ₹26 to ₹28 per share, with a minimum lot size of 535 shares per application. Retail investors can participate with a minimum investment of ₹14,980. For sNII, the minimum lot size is 14 lots (7,490 shares), requiring an investment of ₹209,720, while for bNII, it is 67 lots (35,845 shares), amounting to ₹1,003,660. What are the risks and advantage this IPO has? This video explains.
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