Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
Right Issue Status: Closed [2nd Apr 2024 to 16th Apr 2024]
Mishtann Foods Limited offers Right Issue size of Rs 49.90 Cr. The subscription for this Rights Issue is opening from 02 Apr 2024 to 17 Apr 2024. The company issues entitlement of 01 Rights equity shares for every fully paid-up 31 equity shares held on the record date of 20 March 2024. The face value of a share is Rs. 01 per share and the right issue price is fixed at Rs. 15 per share.
Stay connected with us to more about Mishtann Foods Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
| Mishtann Foods Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 3.32 Cr Shares |
| Right Issue Issue Size (Amount) | ₹49.82 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹15 per share |
| Right Issue Record Date | 20th Mar 2024 |
| Right Issue Entitlement | 1 Rights Equity Share(s) for every 31 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | |
| Listing At | BSE |
| BSE Code | 539594 |
| NSE Code |
In this section we have covered all important dates related to Mishtann Foods Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 2nd Apr 2024 |
| Right Issue Issue Close Date | 16th Apr 2024 |
| Basis of Allotment Finalisation Date* | 26th Apr 2024 |
| Refunds Initiation* | 16th Apr 2024 |
| Credit of Shares to Demat Account* | 6th May 2024 |
| Right Issue Listing Date* | 7th May 2024 |
* - Tentative Dates
Zerodha Trade@20
Mishtann Foods Limited was founded in Fab in 1981. The company is engaged in the processing and packaging of fast moving consumer goods such as basmati rice and wheat and the marketing and sale of pulses and salt. The company is mainly engaged in the processing and marketing of unbranded basmati rice in the domestic market. They process and market different varieties of basmati rice with different sizes, flavors and aromas. They divide their basmati rice into three main categories: Raw Basmati Rice, Sella Basmati Rice and Steam Basmati Rice. Thank you to their long-standing market presence and quality products, they have been able to establish themselves in all basmati rice categories.
They market and sell raw basmati rice under the names “Pristino” and “Snowflake”, sella basmati rice under the names “Mahabat” and “Shahryar” and steam basmati rice under the names “Jacinth” and “Jasper”. Apart from basmati rice, the company has also entered into sourcing, storage, grading, packaging and distribution of wheat pulses and table salt through a third party manufacturer.
Your Company procures finished pulses and table salt from a third party manufacturer and markets and distributes them. They market and sell their wheat under the name “I©Wheat”. In addition, the company launched a new product under the name “Mishtann Rock Salt” in 2022, which is one of the company's organic products.
Past performance and financial results of Mishtann Foods .
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 table below is live update of Right Issue bidding details from NSE and BSE.
Mishtann Foods Right Issue Offer Document (Letter of Offer) >>Document
Mishtann Foods Right Issue Offer Document (Letter of Offer) >>Mishtann Foods Right Issue Red Herring Prospectus is not yet available.
Mishtann Foods Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Mishtann Foods Right Issue Online Application (Registrar & Transfer Agent) >>Mishtann Foods Right Issue RTA information is not yet available.
Last Updated on 2024-04-19T05:33:01+00:00
