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Mukka Proteins' IPO sets the tone for primary market

The Morning Standard

|

March 05, 2024

THE burgeoning primary market started its busy week on a robust note as the ₹224 crore Mukka Proteins' initial public offering (IPO) was booked 137 times at the end of its 3-day subscription period on Monday.

- ARSHAD KHAN

Mukka Proteins' IPO sets the tone for primary market

The retail investors' portion was subscribed more than 58 times while the Non Institutional Investors (NII) portion was booked 250 times. The quota of Qualified Institutional Buyers (QIB) portion was booked 189 times.

Following this strong trend, the IPO of R K Swamy was subscribed 2.18 times on Monday, the first day of booking. The 173-crore IPO received 1,79,73,350 bids for shares as against 82,32,946 shares. A prominent integrated marketing service group in India, RK Swami provides a comprehensive solution encompassing creative, media, data analytics, and market research services under one roof.

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