Mukka Proteins IPO subscribed 6.96x on Day-2

New Delhi: The initial public offer of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 6.96 times subscription on the second day of bidding on Friday.

The Rs224 crore-initial share sale received bids for 38,99,15,490 shares against 5,60,00,435 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 10.20 times while the category for non-institutional investors received 6.22 times subscription. The portion for Qualified Institutional Buyers (QIBs) fetched 1.86 times subscription.