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M.K.Proteins IPO is a fixed price issue of ₹10.23 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹10.23 crore.
M.K.Proteins IPO bidding started from Mar 31, 2017 and ended on Apr 7, 2017. The shares got listed on NSE SME on Apr 18, 2017.
M.K.Proteins IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to M.K.Proteins IPO RHP for detailed Information.
| IPO Date | March 31, 2017 to April 7, 2017 |
| Listing Date | April 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,62,000 shares (aggregating up to ₹10.23 Cr) |
| Reserved for Market Maker | 74,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.5180 Cr) |
| Net Offered to Public | 13,88,000 shares (aggregating up to ₹9.72 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 27,08,800 shares |
| Share Holding Post Issue | 41,70,800 shares |
M K Proteins IPO offers total 14,62,000 shares. Out of which 6,94,000 (47.47%) allocated to NII, 6,94,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 74,000 (5.06%) |
| NII (HNI) Shares Offered | 6,94,000 (47.47%) |
| Retail Shares Offered | 6,94,000 (47.47%) |
| Total Shares Offered | 14,62,000 (100.00%) |
M.K.Proteins IPO opens on March 31, 2017, and closes on April 7, 2017.
| IPO Open Date | Fri, Mar 31, 2017 |
| IPO Close Date | Fri, Apr 7, 2017 |
| Tentative Listing Date | Tue, Apr 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 7, 2017 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Incorporated in 1992, M K Proteins Limited engages in manufacturing and trading of edible oils. The company offers refine rice bran, sunflower, cotton seed, soya bean, palm, canola, and rice bran bleached oils. They also provides by-products, such as rice bran fatty acid oils, rice bran waxes, gums, and spent earth; and imports and trades in edible and non-edible oils.
They also produce rice bran oil, sunflower oil etc with protein content, with controlled fiber free from oil residue, ash and sand & silica. Further they also import crude oils, process them and sell the finished product. We also trade in both edible and non-edible oils. They are also in the process of launching their retail brand under the registered trademark - Gloh. Gloh will be launched in 2018 in the retail market with the aim of providing the purest and healthiest edible oils.
The Company M.K.Proteins IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 9.73 |
| 2 | Issue Expenses | 0.50 |
[Dilip Davda] Considering aggressive pricing and inconsistency in bottom lines, only risk savvy investors with surplus funds may consider investment for long term. Read detail review...
| Listing Date | April 18, 2017 |
| BSE Script Code | |
| NSE Symbol | MKPL |
| ISIN | INE964W01013 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹72.00 |
| Low | ₹70.20 |
| High | ₹72.05 |
| Last Trade | ₹72.00 |
M.K.Proteins Ltd.
Naraingarh Road,
Vill. Garnala,
Ambala City
Ambala, Haryana, 134003
Phone: +91 171 2679157
Email: info@mkproteins.in
Website: http://www.mkproteins.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
M.K.Proteins IPO is a SME IPO of 14,62,000 equity shares of the face value of ₹10 aggregating up to ₹10.23 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on March 31, 2017, and closes on April 7, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in M.K.Proteins IPO using UPI as a payment gateway. Zerodha customers can apply in M.K.Proteins IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in M.K.Proteins IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The M.K.Proteins IPO opens on March 31, 2017 and closes on April 7, 2017.
M.K.Proteins IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in M.K.Proteins IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for M.K.Proteins IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the M.K.Proteins IPO allotment status.
The M.K.Proteins IPO listing date is on Tuesday, April 18, 2017.
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