Mishtann Foods Ltd Right Issue

₹49.82 Cr BSE 2 Apr 2024 – 16 Apr 2024

Closed Ratio: 1 : 31 BSE
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Issue Price
₹15.00
Face Value
₹1.00
Issue Size (Shares)
33,212,903
Issue Size (₹ Cr.)
₹49.82
📅 Right Issue Timetable
Last Date to Buy SharesTue, Mar 19, 2024
Record DateWed, Mar 20, 2024
Credit of Rights Entitlements
Bid/Offer Opens OnTue, Apr 2, 2024
Issue Open DateTue, Apr 2, 2024
Renunciation Last DateTue, Apr 16, 2024
Bid/Offer Closes OnTue, Apr 16, 2024
Issue Close DateTue, Apr 16, 2024
Deemed Date of AllotmentFri, Apr 26, 2024
Credit DateMon, May 6, 2024
Listing DateTue, May 7, 2024
📋 Right Issue Details
Issue Size (Shares)33,212,903
Issue Size (Amount)₹49.82 Cr.
Issue Price₹15.00 per share
Face Value₹1.00 per share
Entitlement Ratio1 : 31
Listing AtBSE
Terms of Payment
📊 Company Financials (Restated)
Period Ended2023-06-302023-03-312022-03-31
Income650.43498.62
EBITDA
Net Worth219.13142.8298.23
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To augment the existing and incremental working capital requirement of the Company; and
2General Corporate Purposes
🏢 About the Company
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.
📞 Company Contact
CompanyMishtann Foods Ltd
AddressB-905, Empire Business Hub, Opp Shakti Farm,
Science City Road
Sola, Ahmedabad- 380 060
Ahmedabad, Gujarat, 380060
Phone+91 982 462 3116
Emailinfo@mishtann.com
WebsiteVisit ↗
📝 Registrar
NameKfin Technologies Ltd
Phone040-79615565
Emailmishtann.rights@kfintech.com
WebsiteVisit ↗