Mukka Proteins Ltd IPO

Consistently being awarded by MPEDA, during the last 7 years for export performance, inter alia, including as an outstanding performance in the export of fish meal, fish oil and allied products for Fiscal 2021, Fiscal 2020 and Fiscal 2019 (Source: https://mpeda.gov.in/?page_id=557), the company believes that it is one of the key players of the Fish Protein industry in India.

The company has long-established relationships with key customers who are the major producers of aqua feed, poultry feed and pet food. The company believes that one of the key factors differentiating it from competitors is the quality of products and the customer-centric approach of offering products that meet customer specifications. This approach has helped the company not only grow the business, but also nurtured and expanded its market presence in the industry.

Fish meal and fish oil contribute indirectly to human consumption as they are used as feed in aquaculture and livestock raising (Source: CRISIL Report). Accordingly, the company’s manufacturing facilities are subject to audit and inspection by various regulatory authorities and also by customers. Alongside these metrics, the company is subject to other processes that keep barriers high. This restricts the ability for new players to enter and thereby helps the company retain its position in the industry, ensuring consistent growth and profitability.