* - Tentative Dates
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
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 โน Crore | ||||
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.