Mishtan Foods, a well-respected company in the FMCG industry, has announced its IPO, offering shares at a discounted rate of ₹15, but should you apply for it?
Eligible shareholders can apply from April 2, 2024, to April 16, 2024.
Mishtan Foods IPO Shares At Discounted Price
The company has fixed the price at ₹15 per share for the issuing of shares, which is lower than the current market price of the company. Interested investors have a good opportunity to invest in the company at a discounted price.
Eligible shareholders will receive one right issue for every 31 Mishtann Foods shares held on the record date, which was March 20th, 2024.
Misthan Foods has an aim of ₹49.82 crores and has no intention of raising more than that.
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Investors Interested In Mishtan Foods
Vaibhav Kaushik, a well-known research analyst, suggests that despite a premium of 25%, investors should consider participating in the IPO. He emphasized the fact that the company has strong financials and is worth investing in.
Investors like Ajay Upadhyay and Morgan Stanley have great confidence in the company and have acquired a stake in Nomura Singapore Ltd. Also have a significant amount of stake and have reflected positive sentiments towards the company.
The rights issue presents an opportunity to buy shares at a discounted price. Investors should carefully evaluate their investment goals and risk tolerance before deciding to participate. Conducting thorough research and consulting with a financial advisor can provide valuable insights tailored to individual circumstances.
Ultimately, participating in Mishtann Foods’ rights issue could be a strategic move for investors looking to capitalize on the company’s growth potential and the positive outlook for the FMCG sector.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies and not TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions. TheStockMarketLive. We advise investors to check with a certified expert before making any investment decisions.
