Today is the last day of the Mukka Proteins IPO bidding: Issue booked 136.89 times thus far, with retail investors and NIIs leading the way see GMP

The Mukka Protein IPO has generated a lot of interest from investors Till the last day of bidding, the issue has been subscribed 56.13 times with a total bid of 314 crore shares received. This impressive subscription rate indicates investors’ strong confidence in the company’s prospects

Here are some key details about the Mukka Protein IPO:

Issue size: IPO offers ₹224 crore with no offer for sale component

GMP (Grey Market Premium): GMP stands at +25, expecting favorable listing with estimated share price of ₹53.

Termination of Membership:

Retail individual investors: 36.42 times subscription

Non-Institutional Investors (NIIs): Booked 142.41 times

Qualified Institutional Buyer (QIB): 25.91 times subscription

The IPO opened for subscription on February 29 and closed on March 4 Anchor Investors have contributed Rs 67.2 crore in this issue Notable participants in the anchor book include Neomile Growth Fund, Cent Capital Fund, Jinnah Global Fund, Eminence Global Fund, Kraft Emerging Markets Fund and Ella India Opportunity Fund 12.

Please note that investing in IPOs carries inherent risks, and it is important to do thorough research and consult with a qualified professional before making any investment decision. Always consider your financial goals and risk tolerance before participating in an IPO

To apply for Mukka Protein IPO, follow these steps:

  1. Eligibility Check:

Ensure that you meet the eligibility criteria specified by the company and the stock exchange

oi Generally retail investors, high net worth individuals (HNI) and institutional investors can participate.

  1. Demat Account:

Open a Demat account with a Registered Depository Participant (DP), if you do not already have one.

A demat account is required to hold and trade shares in electronic form

  1. Choose a broker:

Choose a stockbroker through which you want to apply for IPO

You can choose between online discount brokers or traditional full-service brokers

  1. IPO Application:

Log in to your broker’s online trading platform

See IPO section or “IPO Application”.

Select Mukka Protein IPO from the list of available IPOs

  1. Fill the application form:

Enter the required details including your PAN (Permanent Account Number), bank account details and bid amount

You can apply for shares at the cut-off price or specify the price within the price band

  1. Payment:

Transfer the necessary funds to your trading account to cover the IPO application amount

You can make payment through Net Banking, UPI, or ASBA (Balance Backed Application).

  1. Submit the application:

Review your application details

Confirm and submit the application

You will receive an acknowledgment with a unique application number

  1. Monitor Allocation:

After closing of IPO, monitor allotment status

If you accept the allotment, the shares will be credited to your Demat account

If the blocked funds are not allocated

Remember to read the IPO prospectus carefully and consult a financial advisor if necessary. Good luck with your investment!

ASBA (Bill backed by Blocked Amount) is a process used to apply for initial public offer (IPO) or follow-on public offer (FPO) in India. Here are the key features and details about ASBA:

  1. Purpose:

ASBA allows investors to apply for an IPO without transferring the application amount upfront

The application amount remains in the investor’s bank account but is temporarily blocked until the allotment of shares is completed

  1. How ASBA works:

Investors instruct their bank to block the application amount in their account

Bank verifies the application, blocks the funds and uploads the details in the bidding system

Once the basis of allotment is fixed, the blocked amount is unlocked, and the payment for the allotted shares is handed over to the payee.

  1. Benefits of ASBA:

Investors can bid with multiple options

Facilitates easy application through Cell-Certified Syndicate Banks (SCSBs).

The need to pay in advance is eliminated

Time from issue closure to listing is reduced

  1. Forced Use:

As per SEBI circular, from January 1, 2016, all IPOs will have to use only ASBA for opening.

  1. UPI-Based ASBA:

It was introduced to further streamline the process

Allows retail investors to use Unified Payments Interface (UPI) for IPO applications.

Reduces manual intervention and shortens inventory time

Remember to consult your bank or broker for specific instructions on applying through ASBA for any IPO.

Definitely! Applying for an IPO using UPI-based ASBA is a convenient process Here are the steps to follow:

Steps to follow:

  1. Create a UPI ID

Use your net banking app or BHIM app on your phone to create UPI ID

Make sure that your UPI ID is linked to a bank listed in the list of Self-Certified Syndicate Banks (SCSBs) eligible to act as insurance banks.

  1. Choose an IPO:

Visit the IPO website or use the mobile app provided by your broker

Select the specific IPO you wish to apply for

  1. Fill the Application Form:

Fill the required details in the application form

o Specify your UPI ID as a payment instrument for IPO

  1. Submit Application:

Submit your application form with UPI as a payment option on any one of the following:

Synd is a syndicate member

A registered stock broker

A registrar and transfer agent

A depository participant

  1. Tender through UPI:

Fill the bidding details in the application form with your UPI ID

The intermediary (broker or agent) will upload the bid details and your UPI ID on the stock exchange bidding platform.

The stock exchange will electronically share the bid details and your UPI ID with the escrow/sponsor bank appointed by the issuing company.

  1. Blockage of funds:

The escrow/sponsoring bank will request your authorization to block an amount equal to the application amount.

After verification of the block request, the funds in your account will be temporarily blocked, and you will be notified.

  1. Payment for Share Post Delivery:

Once shares are allotted, funds will be debited from your account

More wealth will be exposed

This process is based on the authorization provided by you using your UPI PIN at the time of fund blocking

Keep these things in mind when using UPI to invest in IPOs:

Create your UPI ID from the bank mentioned in SCSB list

To use UPI in public contexts, use the mobile application and UPI handle listed in the list of mobile applications

  • Submit your application form only with UPI as payment method to the applicant organization

The UPI limit for IPO applications is Rs 5 lakh per transaction and is available only to retail individual investors.

Happy investing!

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