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Empyrean Cashews IPO is a fixed price issue of ₹19.41 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹19.41 crore.
Empyrean Cashews IPO bidding started from Mar 21, 2022 and ended on Mar 23, 2022. The allotment for Empyrean Cashews IPO was finalized on Mar 28, 2022. The shares got listed on NSE SME on Mar 31, 2022.
Empyrean Cashews IPO price is ₹37.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Systematix Corporate Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Systematix Shares & Stocks (India) Ltd..
Refer to Empyrean Cashews IPO RHP for detailed Information.
| IPO Date | March 21, 2022 to March 23, 2022 |
| Listing Date | March 31, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,47,000 shares (aggregating up to ₹19.41 Cr) |
| Reserved for Market Maker | 2,64,000 shares Systematix Shares & Stocks (India) Ltd. (aggregating up to ₹0.9768 Cr) |
| Net Offered to Public | 49,83,000 shares (aggregating up to ₹18.44 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,45,48,141 shares |
| Share Holding Post Issue | 1,97,95,141 shares |
Empyrean Cashews IPO offers total 52,47,000 shares. Out of which 24,91,500 (47.48%) allocated to NII, 24,91,500 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,64,000 (5.03%) |
| NII (HNI) Shares Offered | 24,91,500 (47.48%) |
| Retail Shares Offered | 24,91,500 (47.48%) |
| Total Shares Offered | 52,47,000 (100.00%) |
Empyrean Cashews IPO opens on March 21, 2022, and closes on March 23, 2022.
| IPO Open Date | Mon, Mar 21, 2022 |
| IPO Close Date | Wed, Mar 23, 2022 |
| Tentative Allotment | Mon, Mar 28, 2022 |
| Initiation of Refunds | Wed, Mar 30, 2022 |
| Credit of Shares to Demat | Wed, Mar 30, 2022 |
| Tentative Listing Date | Thu, Mar 31, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 23, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The company produces and sells cashews under the brand name Krishival Cashews. Incorporated in 2014, Empyrean Cashews Limited engages in the processing of raw cashew nuts into flavoured cashews.
Empyrean Cashews Limited offers products on the domestic market with a network of more than thirty (30) distributors across India. The company product portfolio includes different flavours of cashews such as salted, pepper, chilli and assorted - all offered in different grades and packaging formats.
The company products are available on Flipkart, Messho and India Mart.
Empyrean Cashews has processing and packaging units in Village Halkarni and Village Shinoli, Kolhapur, Maharashtra. The company also has one subsidiary namely, Siddhivinayak Cashew Industries Private Limited.
Competitive Strengths:
| 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 | |
The market capitalization of Empyrean Cashews IPO is ₹73.24 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25.69 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a fragmented and highly competitive field. Its financial data does not match the issue pricing which is aggressive even on the basis of super FY22 performance so far. Its capacity utilization is also very poor. There is no harm in ignoring this pricy issue. Read detail review...
| Listing Date | March 31, 2022 |
| BSE Script Code | |
| NSE Symbol | KRISHIVAL |
| ISIN | INE0GGO01015 |
| Final Issue Price | ₹37 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹42.00 |
| Low | ₹40.70 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Empyrean Cashews Ltd.
1309, Lodha Supremus Powai,
Saki Vihar Road,
opposite MTNL Office
Mumbai, Maharashtra, 400072
Phone: +918779558264
Email: cs@krishival.com
Website: https://www.krishival.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Empyrean Cashews IPO is a SME IPO of 52,47,000 equity shares of the face value of ₹10 aggregating up to ₹19.41 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on March 21, 2022, and closes on March 23, 2022.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Empyrean Cashews IPO using UPI as a payment gateway. Zerodha customers can apply in Empyrean Cashews IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Empyrean Cashews IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Empyrean Cashews IPO opens on March 21, 2022 and closes on March 23, 2022.
Empyrean Cashews IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Empyrean Cashews IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Empyrean Cashews IPO will be done on Monday, March 28, 2022, and the allotted shares will be credited to your demat account by Wednesday, March 30, 2022. Check the Empyrean Cashews IPO allotment status.
The Empyrean Cashews IPO listing date is on Thursday, March 31, 2022.
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