New Delhi, <keyword id="20730654" type="General" weightage="20" keywordseo="mukka-proteins" source="keywords">Mukka Proteins</keyword>, which manufactures fish meal, fish oil, and fish soluble paste, on Monday fixed a price band of Rs 26-28 apiece, for its Rs 224 crore <keyword id="19913114" type="General" weightage="20" keywordseo="initial-public-offering" source="keywords">Initial Public Offering</keyword> (IPO). The company's maiden public issue will open for subscription on February 29 and conclude on March 4. The issue is entirely a fresh issue of up to 8 crore equity shares aggregating to Rs 224 crore at the upper end of the price band, with no Offer For Sale (OFS) component, Manguluru-based company said. Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working capital requirements. Besides, a portion will be used for general corporate purposes. Investors can bid for a minimum of 535 equity shares and in multiples of 535 equity shares thereafter. Mukka Proteins is one of the key players in India's fish protein sector. Furthermore, fish oil has diverse applications, including pharmaceuticals (particularly in EPA-DHA extraction for nutraceuticals), soap making, leather treatment, and paint manufacturing. In the fiscal year 2023, the company contributed between 25 per cent and 30 per cent of the Indian fish meal and fish oil industry's revenue, estimated to be between Rs 3,200 crore and Rs 4,100 crore, as per a <keyword id="19898320" type="General" weightage="20" keywordseo="crisil" source="keywords">Crisil</keyword> report cited in the RHP (Red Herring Prospectus). Mukka Proteins distributes its products both domestically and internationally, serving over 10 countries such as Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. At present, the company has six manufacturing facilities, with two held through its foreign subsidiary, <keyword id="20730655" type="General" weightage="20" keywordseo="ocean-aquatic-proteins-llc" source="keywords">Ocean Aquatic Proteins LLC</keyword>, based in Oman, and four situated in India. Additionally, it operates five storage facilities and three blending facilities strategically located along the Indian coastline. Also, the company plans to expand its manufacturing footprint through its associates, Ento Proteins Private Limited. On a consolidated basis, Mukka Proteins' revenue from operations surged 53 per cent to Rs 1,177.12 crore in fiscal 2023 from Rs 770.50 crore in fiscal 2022, and profit after tax jumped 84 per cent to Rs 47.52 crore in fiscal 2023, from Rs 25.82 crore in fiscal 2022. Fedex Securities Private Limited is the sole book-running lead manager to the offer. The equity shares are proposed to be listed on the BSE and NSE.

Mukka Proteins IPO to open on Feb 29; sets price band of ₹26-28/ share

<ul><li><keyword id="74612" type="PERSON" weightage="20" keywordseo="jellyfish">Jellyfish</keyword> actually thrive in the sea conditions caused by <keyword id="6366055" type="UNKNOWN" weightage="20" keywordseo="global-warming">global warming</keyword>, that is, hotter ocean temperatures. </li><li>A Danish team of researchers have figured out a way to convert the creature’s soft rubbery tentacles to crunchy goodies.</li><li>A plateful of jellyfish is also quite good for health - they are low in calories and barely have any fat and are packed with nutrients like vitamin B12, magnesium, phosphorus, iron and selenium. </li></ul>Scientists believe they have found an ecologically viable way to satiate those nasty munchies, and the answer is, brace yourself, drumroll - <a href="https://futurism.com/jellyfish-chips-future-junk-food/">Jellyfish chips</a>! Now, wipe that frown off your face. Admittedly, this is slightly offbeat but taking into account that the world’s food resources are fast depleting, it would perhaps be best to get accustomed to things that are not quite usual. Why jellyfish you ask? Well, these creatures have an uncanny knack of managing to stay alive and multiply rapidly despite changing climatic conditions. In fact, these sea creatures actually thrive in the sea conditions caused by global warming, that is, hotter ocean temperatures. Other types of fish, however, aren’t so lucky and are fast dying out making room for even more jellyfish. Non-poisonous, edible versions of these creatures are an Asian delicacy that is often marinated in salt and potassium alum for several weeks to make them more into a palatable pickle of sorts. However, in a bid to bring this creature to the mainstream food pyramid, a Danish team of researchers have figured out a way to convert the creature’s soft rubbery tentacles to crunchy goodies much faster. In a <a href="https://www.eurekalert.org/pub_releases/2018-02/bs-faj021318.php">press release</a>, Mathias P. Clausen, a postdoctoral fellow at the <keyword id="157242" type="ORGANIZATION" weightage="20" keywordseo="University-of-Southern-Denmark">University of Southern Denmark</keyword> in Odense, Denmark, said, “Using ethanol, we have created jellyfish chips that have a crispy texture and could be of potential gastronomic interest.” They presented this study at the 62nd Biophysical Society Annual Meeting in San Francisco, California on 17-21 February. And for all you healthy eaters, for whom nutritional value and calorie count trumps all other aspects of the item, a plateful of jellyfish is happily also quite good for health - constituting about 5% protein and 95% water, they are low in calories and barely have any fat. They are also rich in vitamin B12, magnesium, phosphorus, iron and selenium. So, perhaps it is time to shed inhibitions and embrace this gooey umbrella-shaped aquatic creatures as part of our daily cuisine. In a few years, you may not have a choice but to.

Jellyfish chips might be the most bizarre snack you will ever have

<img src="https://static-ssl.businessinsider.com/image/5942c51fe592ed19008b4610-1630/ocean-beach-sand-girl-child-kid-sunset-water-north-carolina-outer-banks-shutterstock128589203.jpg" alt="ocean beach sand girl child kid sunset water north carolina outer banks shutterstock_128589203" /><a href="https://www.shutterstock.com/image-photo/silhouette-girl-standing-beach-during-beautiful-128589203">Shutterstock</a><ul><li>Black pods with tendrils that wash up on beaches are not kelp - they're typically the egg cases of fish called skates.</li><li>Some of these egg cases contain live embryos.</li><li>Holding a light up to a fresh, unhatched case will reveal the fish embryo inside.</li></ul>I grew up in Ohio, a state that does not border a salty sea.So any summer that my parents crammed our family into a car and drove to the Outer Banks of North Carolina, I was in heaven. Day after day, my brother, sister, and I would play in the warm surf of the Atlantic Ocean. We met a zoo's worth of marine life during those beach excursions, including clams, crabs, copepods, fish, birds, dolphins, and jellyfish.But there was one common yet fascinating animal we completely overlooked: a weird, rectangular object with a pair of pokey tendrils on either side.<img src="https://static-ssl.businessinsider.com/image/5942bbb0e592ed51008b4570-1263/skate-fish-egg-case-capsule-devil-mermaidsdevils-purse-flickr-martin-alonso-ccby2-3028703616137a0755899o.jpg" alt="skate fish egg case capsule devil mermaidsdevils purse flickr martin alonso ccby2 30287036161_37a0755899_o" /><a href="https://www.flickr.com/photos/martinalonsophotography/30287036161/">Martin Alonso</a>A skate egg case or capsule, also called a devil's purse or mermaid's purse.For years I assumed these were kelp pods or some strange-looking pieces of seaweed.Nope.These black pods are actually the egg cases or capsules of a skate, a flat, funny-looking fish.Skates are related to rays and sharks, and like both they have no bones - only cartilage. As adults, skates have thorny fins on top of their bodies and eat whatever small creatures they can find on the sandy ocean bottom, including shrimp and tiny fish.<img src="https://static-ssl.businessinsider.com/image/5942d8f89a7af51a008b4721-2000/skate-fish-shutterstock36680374.jpg" alt="skate fish shutterstock_36680374" /><a href="https://www.shutterstock.com/image-photo/fish-skate-reduction-36680374?src=2iQRkp87wzBX_-LkmZVVvg-1-2">Shutterstock</a> "I'm a skate, look at me!" Should you find a fresh skate egg case on a beach, perform this simple experiment - it will blow your mind (and likely freak out squeamish friends and family).First, find a skate egg that is not dried to a crisp. Your best shot is to check the wrack line, where high-tide waves deposit junk from the sea. Spring storms will often rip the egg cases from the seaweed they attach to in deeper waters and wash them ashore.Since these <a href="http://staffweb.itsligo.ie/staff/dcotton/Mermaids_purses.html">egg cases are made of collagen</a>, a protein that takes forever to break down, you're likely to find many more empty ones than fresh ones. As a general rule: the more wet, slimy, bubbly, pliable, and translucent, the better.Once you've got one in hand, grab a smartphone, turn on its LED light, and then move the egg in front of the light. If you're lucky, you will see something like this:<img src="https://static-ssl.businessinsider.com/image/5942d4d19a7af500028b46c4-1190/skate-fish-egg-case-capsule-devil-mermaids-devils-purse-translucent-copyright-dave-mosher-labeled.png" alt="skate fish egg case capsule devil mermaids devils purse translucent copyright dave mosher labeled" /><a href="http://davemosher.com">Dave Mosher/Business Insider</a>A skate fish egg case with a light shining through to reveal an embryo and yolk sac.The pink mass is a skate embryo attached to its yolk sac.Depending on the age of the skate egg you've found, you can sometimes see its head or a devilish tail flicking around. You might even see more than one embryo.Dave Remsen, a bioinformaticist and scientist at the Marine Biological Laboratory (MBL) in Woods Hole, Massachusetts, showed me this little guy (or girl) when I visited the lab: "I like to show these to kids and tell them they used to look like that," Remsen told Business Insider. (It's a good <a href="http://www.businessinsider.com/31-cringe-worthy-science-jokes-and-puns-2015-11">joke to a scientist</a>, since all embryonic animals <a href="http://images.tutorvista.com/content/organic-evolution/vertebrate-embryos.jpeg">look remarkably similar</a> during early stages of development.)Some shark species also lay egg cases, but those are much rarer to find on a beach, since mother sharks lay them in the deeper ocean.If you don't have an LED light handy, there's a great substitute in the sky: the sun. This video shows what a skate egg case looks like when you hold it up to the light:Some aquatic centers and aquariums go even further.For example, the Aquarium of the Bay in San Francisco cuts out a panel of the egg case and super-glues on a piece of transparent plastic. That way, visitors can clearly see the embryos inside as they develop:<img src="https://static-ssl.businessinsider.com/image/5942daf69a7af5a3038b46e8-1867/skate-egg-case-transparent-window-cut-embryos-flickr-kal-schreiber-ccbysa2-423165305eea013d5bdo.jpg" alt="skate egg case transparent window cut embryos flickr kal schreiber ccbysa2 423165305_eea013d5bd_o" /><a href="https://www.flickr.com/photos/genista/424216639/">Kai Schreiber/Flickr (CC BY-SA 2.0)</a>A skate egg case with a section removed and a transparent window glued in its place.It can take months for embryos like these to develop, so if you're fortunate enough to find an egg case, give it a good toss back into the ocean.Even if it doesn't hatch, it will at least make a good meal for another sea creature.<iframe src="https://gfycat.com/ifr/ShoddyTameEquine" frameborder="0" scrolling="no" width="100%" height="100%" style="position:absolute;top:0;left:0;"></iframe> <iframe src="//instagram.com/p/BBqaRd-P9Xt/embed/" width="800" height="auto" frameborder="0" scrolling="no"> </iframe> <h3>NOW WATCH: <a href="http://www.businessinsider.com/united-states-map-deadly-wildlife-bears-bees-scorpions-alligators-sharks-2017-4">These maps show where you're most likely to run into American wildlife that could kill you</a></h3> Please enable Javascript to watch this video

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Mukka Proteins IPO to open on Feb 29; sets price band of ₹26-28/ share

PTI

Jellyfish chips might be the most bizarre snack you will ever have

Kavita Majumdar

Amazing sea creatures hide in those slimy black pods you find at the beach - here's how to see them

Dave Mosher