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.
Mishtann Foods Rights Issue 2024 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 Rights Issue 2024 Issue Timetable
| 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 Financials
Mishtann Foods Ltd Financial Information (Restated)
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 | ||||
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
Company Contact Information
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/