Mukka Proteins Limited IPO Message Board (Page 36)

Clear Cut AVOID ------ Non Veg Products

Applying one retail lot, just to test my luck.

Anyone got third party allotment from IDFC First bank in last 1 month?
Please Confirm

Avoiding, on the same logic on which I try to avoid Chinese products as much as possible.

With my very limited understanding, the money here seems to be likely going against national interests, not in favour of it. At least some significant part of it.

DISCLAIMER: I am a non-vegetarian, though slowly moving away from it, purely from health perspective. Still like fish very much, but this one smells too fishy !

PS.
Seeing at subscription figures, one can say it's sour grapes for me, I don't mind.. :p

Don't mind my desi grammar please.., thoughts, and therefore words, keep changing while I type.., thus inadvertently replacing 'Looking' with 'Seeing' etc.. :p

JAY JINENDRA to all respected JAIN members of this group. 🙏🙏🙏

I may avoid any ipo on any basis relevant to me . But can I move any avoid call on the basis of anything not anyway associated with the merit of the ipo ? I think ,I can not as it can't be within the rule itself whether articulated or not.

We have nothing to do with such organised view of ' avoid call ' . As because we should know what we should do as per our level of understanding.

2000-3000 Cr. IPO has some chance of allotment, else block unblock game. Yearly 4-5 IPO came within this range. Rest IPO waste of time and effort with no gain.
Hope similar nov veg company IPO come more, we are 24x7x365 non veg, its better for us.

Applying in HNI one Lot and Few Lots from Retail on another Account.

High Profit Making Company.

Good to Invest for Short-Long Term Profits.The Past Trend of thr organisation seems Promising. Apply for Listing Gains and Can be held for Short-Long term Gains.

Around 50 million animals per year are used for various experiments in US, at least 5M are used for trial of vaccination. So can people avoid vaccination as it is obtained as a result of killing of large amount of animals??????

​@Rakcyt 
The topic of medicine needs to be discussed in detail. What you are saying is partially true.

While some medicines may contain substances derived from banned drugs or animals, vaccines themselves do not contain banned drugs like cannabis or morphine. The ingredients used in vaccines are carefully selected and undergo rigorous testing to ensure safety and efficacy.

COVID-19 vaccines, such as those developed by Serum Institute of India, Pfizer, and BioNTech, do not contain the whole virus. They are based on new technologies, such as mRNA or viral vector platforms, which do not require the use of the whole virus for vaccine production.

The Serum Institute of India, which manufactures vaccines such as Covishield, does not use horse antibodies for vaccine production. Covishield is based on the Oxford-AstraZeneca vaccine, which uses a viral vector platform and does not involve the use of animal antibodies.

The topic is controversial, but I needed to write you back. Don't feel offended. I also respect your views and we all are family connected on the CG platform🙌❤️‍🩹

​@Jay here  Thanks for spending time to dig out more facts but sorry some where you distorted and mixed up what I said in clear word. Let me clarify again :

> I never said that vaccines used banned drugs . Vaccines are PROTEINS in structure ( large molecule) and these drugs mentioned here in are small chemical entities and have no relation at all.
> You can find use of these banned drugs for making pain killers and analgesic tabs ( for headache/migraine ) etc.
> You have mixed up mRNA based vaccine produced by Pfizer , which created lot of controversies,with all others. It was never ever used in India . Emergency ok was given to Gemovac but not used . Here only mRNA( inside virus body) is used to produce antigens .

>Covax ( Bharat BT) used the whole virus technology while Serum/ Panacea went in for Recomb Vector based Covishield . Now just to clarify the vector used was Chimpanzee adenovirus which carried spike proteins as an antigen( outer part of COVID virus ) . Adenovirus is inactive one.

> Where did I mention that COVID vaccines uses horse abs . CRI/Pasture never made COVID vaccine . They make what I mentioned. Horses are infected with virus and antigens drawn from blood, purified & injected to make Abs in humans . They also make anti rabbies as well as antidot against snake bite using same method .

> Before going for human trials for vaccines Rhesus Monkeys are used to test the efficacy and study side effects as they resemble human in all aspects .

> I said clearly that somewhere someone has to use animals from research lab to trials to get the desired data. It may or may not necessarily be part or whole of medicine/ vaccine.

> I am not offended rather appreciate your efforts but these clarifications were required .

> Let me also say that these companies would make proteins from aged and abandoned animals only who otherwise get killed or die on the roads with no care . There were 153000 deaths due to accidents with animals in 2021 in India alone as per TOI , number would have gone high in 23.

> Here we over looked the purpose of this IPO and its products ie , proteins . Does it help humane beings ?? I am sure they don't sell meat ??

I am applying with full force (40 BHNI)
And all gains from this ipo I will Donate for animal welfare
Because humare apply karne ya nahi karne se company ke koi fark nahi padega, IPO Already bhar chuka ho ...

Better ye hai ki IPO me lagao and jo bhi profit hu unse animals ki sewa me lagao

Even if GMP would be at 2000% and the issue remains unsubscribed, I won't participate due to ethical reasons.
Because I am a staunch vegetarian, I won't own a business that involves killing animals/species for personal gain.
I acknowledge the beliefs of others, but I will steer clear of them🙏

उसूलों पे जहाँ आँच आये टकराना ज़रूरी है
जो ज़िन्दा हों तो फिर ज़िन्दा नज़र आना ज़रूरी है🪅

​@Jay here Please read "not" want to harm instead of "now"

​@Jay here And all
I respect your decision.
I had already communicated in 20.2.24 in CG forum that "I am avoiding the issue due to its nature of work, whatever may the GMP"

Mukka Proteins IPO
Final Verdict

Apply ONLY For Listing Gains

Disclaimer :
I am Personally Not Applying Due to Bad Litigations and Tax Raids

The Analysis Is Truely Based on Facts And no
Veg-Non-veg , Religions
Angle . I am A Vegetarian But don't mind such a Business

Highlights of the Issue :
Date : 29-4 Feb
Price Band : 26-28
M.cap : 840 cr
Size : 224 cr
( Full Fresh )

Objects Of The Issue :
1.Financing Working Capital Requirements - 120 cr

2.Financing Capital Requirements in Subsidiary Ento Proteins - 10 cr

3.GCP - 94 cr

As Per SEBI Regulations GCP Cannot be Above 25% of the total Issue Size , In This Case it is at
42% , Strange

There Are No Data And Management Commentary Available , So Earning Projections are not possible

Reasons Why I am Avoiding This One Irrespective Of the Premiums :

1.Multiple Tries And Errors For Evading Tax And Evasions

2.Multiple IT Raids ,
Even 1 Large Quantum Raid Was Done Post Filing DRHP

3.ED Had Seized the properties Worth 17.34 cr
In the name of K Mohammed Haris under Foreign Exchange Management Act (FEMA)
The agency added that during the course of investigation they came to know that Haris had acquired a flat in Ajman UAE, held foreign bank accounts and investments/shareholdings in foreign business entity in UAE, totally valued at AED 92,69,025.78 (equivalent to Rs 17.34 cr).
4.Political Connects And If The Government Regains its power and Does some Changes in Regulations , This can be a big trouble

4.Political Connects And If The Government Regains its power and Does some Changes in Regulations , This can be a big trouble

5.The Consideration of the amount of the litigations is more than 60 cr which is equivalent to its Current Profits ,
This is a big negative For me

6.Negative Cash Flows ,
This kind of business is Always can Liquid Business , Meaning the Cash Flows must be very healthy , check all the major listed ones like Avanti or un listed ones like Nekkanti,Sandhya Marines , Penver , Devi Seafoods
All are Cash Flow Superior Companies

I took the Cash Flows Topic
It Means That I am
Questioning Company's Sudden Growth Before IPO

Hope These Profits Are
Not Paper Profits And Real Ones

Just for fun:

Verdict word sunkr lag raha ki court chal rhi😜😜😜😜

👌

I will mainly avoid because of the Lead Manager. LM has a record of highly subscribed (more than 100 times) subscribed IPO (Moksh) with negative listing. Fundamentally also, I am not very much convinced. Aage jaise prabhu ki iccha! 🙏🏻

Sir for moksh oversees GMP was 31 percent one day before last date of application but for mukka it is 89 percent. Doesn't it make a difference? I don't mind if listing gain is 5 percent but negative listing is a matter of concern for me

Right

Subscription should end at around 60 times minimum (in HNI category) I guess by end of Monday. The main reason for low subscription could be, as many have applied for Platinum, Exicom, Purv & Owasi...people might be waiting for funds to unblock which could happen on Saturday or on Monday. So could see huge uptick in subscription figures.

Has anyone applied in HNI category via IDBI bank ASBA?
Through mobile app or website, it throws an error if applied more than 2L - there is no option to choose HNI etc.
The drop-down typically shows Individual or Employee.

Apply from Net Banking. HNI option not there in mobile app. All the best..

Wow!
I just checked on the website And it is indeed displaying option of Individual applying for > 2L and <2L
It's been a while since I applied from net banking.
Thanks much!

We will not apply as we are not only vegetarian but we are jain too... In the past any issue which are into nonveg business we are avoiding it because religion will first than the money always.

Ahimsa Parmo Dharma. I'm also Jain and avoiding this. Religion always First

Avoid JIV HATYA ipo. Look HMA Agro huge profitable company, issue price 585 and today market price is 71. Cleary avoid.

​@Jai Sainath Apply or avoid is point of every individual. Before writing anything just Google it and then ✍️
In one year scrip given 20.54% return

I sold my allotment bit early due to erratic price movement post listing due to ethics issue ( may be ) but look now. You can't ignore the performance whether an individual has unjustified personal issues with company vis-a-vis it's growth .

Those who are vegetarian they may not aware that Acharya Jagdish Chandra Bose told, "Jagadish Chandra Bose discovered that plants can move in response to stimuli, such as exposure to light, fertilizers, or poisons", So any way you are killing living thing. Be it plant. So if you don't want to kill any animal and plant, then you have to stay live with Air and water. In India there are 7-8 types of fake vegetarian. e.g. some one not eat non veg at home, but out side are allowed, Some one can not eat non-veg on Monday, Tuesday, Sat, Some one can eat egg, but not fish and meat, some one are take Jain food, Some one take only milk products not non veg. They not known Milk also an animal protean. Some one take cod-leaver oil, then may don't know how its make from etc etc. So don't define any company veg and non veg. Its their line of business. Look at fundamental and proceed.

It is interesting but logical and legal too that Plants are living beings hence if you are Botanist then legally you can call yourself a Doctor. It's not only stimuli but growth, photosynthesis, respiration and physiological process of intake of water and oxygen too( for roots) make them Living beings like Human and animals . Ecology will not survive if either of the above mentioned don't exist .
Rest, respect the like and dislike of an individual wrt food intake which is more to do with habitat . Coastal people need to eat ocean resources, people in plains grow crops in absence of above and so on for survival . Let's compare corporate vis-a-vis financial aspects only .
Sorry for Gyan 😄

Its peoples wish if they want to apply or not. Do not mock anyone's belief on why they dont want to apply here. On positive note, if many are not applying, its beneficial for people who are applying

No apply due to self belief