The Mishtann Foods Ltd date has been confirmed from April 2, 2024 – April 17, 2024.
The Mishtann Foods Ltd Developers IPO is a fixed issue size of ₹49.90 Crores. Misthan Foods Limited, a fast-moving consumer goods company, was founded in 1981. It produces and packages wheat and Basmati rice as well as distributes salt and pulses. Modern manufacturing facilities in Gujarat’s Sabarkantha District are the company’s main source of operations. The production machine is capable of processing 45 metric tonnes of Basmati rice per hour. Additionally, wheat can be processed at the manufacturing site and used when the market is doing well.buoyant in the water.
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Bidding Dates
April 2-17
Issue Size
₹49.90 Crores
Face Value
₹1 per share
Record Date
March 20, 2024
Mishtann Foods Ltd IPO GMP
The Mishtann Foods Ltd Record Date is March 20, 2024.
IPO Overview
Polishing, grading, and sorting of raw rice are among the processing facilities for Basmati rice available at the manufacturing unit. AQC Middle East LLC validated that the company’s food management system complies with ISO 22000:2018. From Q2 2023 to FY 2022, the company’s operating revenues were ₹ 29,394.49 lakhs, ₹ 65,038.52 lakhs, ₹ 49,857.92 lakhs, and ₹ 35,107.13 lakhs.
Ten people were working for the company as of June 30, 2023. These people included directors and employees in charge of several departments like marketing, accounting, factory management, and administration, each with its own objectives.
Mishtann Foods Ltd Rights Issue Detail
| Issue Open | April 2, 2024 – April 17, 2024 |
| Security Name | Mishtann Foods Ltd |
| Issue Size (Shares) | 33,266,667 |
| Issue Size (Amount) | ₹49.90 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 |
Mishtann Foods Ltd Ltd Financial Information
| 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 | ||||
Mishtann Foods Ltd IPO Timeline
| 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 | |
| Bid/Offer Closes On | April 17, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
- To augment the existing and incremental working capital requirement of the Company; and
- General Corporate Purposes
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | mishtann.rights@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Mishtann Foods Ltd |
| Phone number | +91 982 462 3116 |
| Email ID | info@mishtann.com |
| Website | mishtann.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
