Mukka Proteins shares jump 51% in debut trade
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New Delhi: Shares of Mukka Proteins, which manufactures fish meal, fish oil, and fish soluble paste, on Thursday ended with a premium of nearly 51 per cent against the issue price of Rs28. The stock made its debut at Rs44, up 57.14 per cent on the BSE. It later ended at Rs42.26 apiece, reflecting a jump of 50.92 per cent.
Shares of the company on the NSE, listed at Rs40, a jump of 42.85 per cent. The stock ended at Rs42.25 per piece, rallying 50.89 per cent. The company’s market valuation stood at Rs1,267.80 crore. In volume terms, 37.61 lakh shares of the company were traded on the BSE and over 2.92 crore shares on the NSE during the day. The initial share sale of Mukka Proteins received 136.89 times subscription on the last day of bidding on Monday.
