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Incorporated in 1981, Misthan Foods Limited processes and packages Basmati rice and wheat and sells pulses and salt as fast-moving consumer goods.
The company operates through its state-of-the-art manufacturing facility located in the Sabarkantha District of Gujarat. The manufacturing unit has a production capacity of 45 metric tonnes per hour to process Basmati rice. Additionally, the manufacturing facility is capable of processing wheat, which is utilized as and when the market is buoyant.buoyant.buoyant.
The manufacturing unit has processing facilities for Basmati rice, including polishing, grading, and sorting from raw rice.
The company's food management system is compliant with ISO 22000:2018, as certified by AQC Middle East LLC.
The company's revenues from operations were ₹ 29,394.49 lakhs (Q2 2023), ₹ 65,038.52 lakhs (FY 2023), ₹ 49,857.92 lakhs (FY 2022), and ₹ 35,107.13 lakhs (FY 2021).
As of June 30, 2023, the company employs 10 individuals, including directors and staff responsible for various functions such as factory management, administration, marketing, and accounting, each with their respective goals.
| Issue Open | April 2, 2024 - April 16, 2024 |
| Security Name | Mishtann Foods Ltd |
| Issue Size (Shares) | 33,212,903 |
| Issue Size (Amount) | ₹49.82 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 1 Rights Equity Share(s) for every 31 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | March 19, 2024 |
| Record Date | March 20, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 2, 2024 |
| Renunciation of Rights Entitlements | April 16, 2024 |
| Bid/Offer Closes On | April 16, 2024 |
| Deemed Date of Allotment | April 26, 2024 |
| Credit Date | May 6, 2024 |
| Listing Date | May 7, 2024 |
Mishtann Foods Ltd's revenue increased by 30.45% and profit after tax (PAT) rose by 53.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 257.02 | 160.44 | 128.43 | |
| Revenue | 650.43 | 498.62 | 351.17 | |
| Profit After Tax | 68.91 | 44.85 | 29.28 | 0.30 |
| Net Worth | 219.13 | 142.82 | 98.23 | 69.15 |
| Total Borrowing | 54.02 | 54.50 | 34.86 | 48.11 |
| Amount in ₹ Crore | ||||
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
Mishtann Foods Rights Issue 2024 got oversubscribed by 1.59 times by the end of the bidding period with total bid quantity received by BSE of 52,960,529 shares.
28 4.1 Rating:  Vote Here ... |
Mishtann Foods Ltd
B-905, Empire Business Hub, Opp Shakti Farm,
Science City Road
Sola, Ahmedabad- 380 060
Phone: +91 982 462 3116
Email: info@mishtann.com
Website: https://www.mishtann.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mishtann.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Mishtann Foods Rights Issue 2024 opens on April 2, 2024, and closes on April 16, 2024.
Mishtann Foods Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | April 16, 2024 |
| Issue Opening Date | April 2, 2024 |
| Issue Closing Date | April 16, 2024 |
| Date of Allotment (on or about) | April 26, 2024 |
| Date of Credit (on or about) | May 6, 2024 |
| Date of Listing (on or about) | May 7, 2024 |
Mishtann Foods Rights Issue 2024 price is set at ₹15 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 31 fully paid-up Equity Shares held on Record Date (March 20, 2024).
The record date for the Mishtann Foods Rights Issue 2024 is March 20, 2024.
The issue size of Mishtann Foods Rights Issue 2024 is of 33,212,903 equity shares at ₹15 per share aggregating upto ₹49.82 Crores.
The Letter of Offer for Mishtann Foods Rights Issue 2024 can be download here.
You can apply for Mishtann Foods Rights Issue 2024 in two ways:
Steps to apply for Mishtann Foods Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Mishtann Foods Rights Issue 2024 using Registrar's website (R-WAP)
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