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Empyrean Cashews IPO vs Evoq Remedies IPO

Comparison between Empyrean Cashews IPO and Evoq Remedies IPO.

IPO Details

Empyrean Cashews IPO is a SME Fixed Price IPO proposed to list at NSE SME while Evoq Remedies IPO is a SME Fixed Price proposed to list at BSE SME.

 Empyrean Cashews IPOEvoq Remedies IPO
LogoEmpyrean Cashews IPO LogoEvoq Remedies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersSystematix Corporate Services Ltd.Swastika Investmart Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSystematix Shares & Stocks (India) Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Empyrean Cashews IPO is up to ₹18.44 Cr whereas the issue size of the Evoq Remedies IPO is up to ₹9.23 Cr. The final issue price of Empyrean Cashews IPO is ₹37.00 per share and of Evoq Remedies IPO is ₹27.00 per share.

 Empyrean Cashews IPOEvoq Remedies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹37.00 per share₹27.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares4000 shares
Fresh Issue Size49,83,000 shares34,20,000 shares
Fresh Issue Size (Amount)up to ₹18.44 Crup to ₹9.23 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,83,000 shares34,20,000 shares
Issue Size Total (Amount)up to ₹18.44 Crup to ₹9.23 Cr

IPO Timetable

Empyrean Cashews IPO opens on Mar 21, 2022, while Evoq Remedies IPO opens on Mar 17, 2022. The closing date of Empyrean Cashews IPO and Evoq Remedies IPO is Mar 23, 2022, and Mar 22, 2022, respectively.

 Empyrean Cashews IPOEvoq Remedies IPO
Anchor Bid Date
Issue OpenMar 21, 2022Mar 17, 2022
Issue CloseMar 23, 2022Mar 22, 2022
Basis Of Allotment (Tentative)Mar 28, 2022Mar 25, 2022
Initiation of Refunds (Tentative)Mar 30, 2022Mar 28, 2022
Credit of Share (Tentative)Mar 30, 2022Mar 29, 2022
Listing date (Tentative)Mar 31, 2022Mar 30, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Empyrean Cashews IPO P/E ratio is 25.69, as compared to Evoq Remedies IPO P/E ratio of 33.75.

 Empyrean Cashews IPOEvoq Remedies IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  31-Oct-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,191.20 2,156.19 1,641.48 1,610.58
Total Revenue 2,722.71 2,858.08 4,438.69 5,047.27
Profit After Tax 166.69 66.74 95.60 64.95
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakh)
  10-Feb-22 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2660.58 804.63 565.22 214.78
Total Revenue 1056.58 1002.48 907.21 325
Profit After Tax 93.67 71.38 0.03 1.11
Promoter Shareholding (Pre-Issue)56.9999.99
Promoter Shareholding (Post-Issue)41.8873.53
P/E Ratio25.6933.75
Market Cap₹73.24 Cr.₹36.72 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Empyrean Cashews IPO Retail Individual Investors (RII) are offered 24,91,500 shares while in Evoq Remedies IPO retail investors are offered 24,91,500 shares. Qualified Institutional Buyers (QIB) are offered in Empyrean Cashews IPO and in Evoq Remedies IPO.

 Empyrean Cashews IPOEvoq Remedies IPO
Anchor Investor Reserveration
Market Maker Reserveration2,64,000 shares1,80,000 shares
QIB
NII24,91,500 shares17,10,000 shares
RII24,91,500 shares17,10,000 shares
Employee
Others
Total49,83,000 shares34,20,000 shares

Bids Received (Subscription)

Empyrean Cashews IPO subscribed 2.28x in total, whereas Evoq Remedies IPO subscribed 1.67x.

 Empyrean Cashews IPOEvoq Remedies IPO
QIB (times)
NII (times)2.92x0.30x
Big NII (times)
Small NII (times)
RII (times)1.63x3.03x
Employee (times)
Other (times)
Total (times)2.28x1.67x