Fixed Price IPO | ₹19 Cr | Listed at NSE SME | Mon, Mar 21, 2022 - Wed, Mar 23, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 21, 2022
IPO Close
Wed, Mar 23, 2022
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹73.24 Cr
| IPO Date | 21 to 23 Mar, 2022 |
| Listed on | Thu, Mar 31, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 52,47,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 2,64,000 shares Systematix Shares & Stocks (India) Ltd. (agg. up to ₹0.9768 Cr) |
| Fresh Issue (Ex Market Maker) | 49,83,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 49,83,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 1,45,48,141 shares |
| Share Holding Post Issue | 1,97,95,141 shares |
| NSE Symbol | KRISHIVAL |
| ISIN | INE0GGO01015 |
Empyrean Cashews IPO comprises a total issue size of 52,47,000 shares. The net offer to the public is 49,83,000 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 24,91,500 (50.00%) allocated to NII 24,91,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,91,500 | 50.00% | 47.48% |
| Retail Shares Offered | 24,91,500 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,64,000 | 5.03% | |
| Total Shares Offered | 52,47,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 7.75 |
| 2 | General corporate purposes | 1.78 |
| KPI | |
|---|---|
| RoNW | 3.44% |
| PAT Margin | 3.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.46 | |
| P/E (x) | 25.69 | |
| Promoter Holding | 56.99% | 41.88% |
| Market Cap | ₹73.24 Cr. |
The Empyrean Cashews IPO is subscribed 2.28 times on March 23, 2022 5:01:00 PM (Day 3). The public issue subscribed 1.63 times in the retail category, [.] times in the QIB category, and 2.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.92 | 24,91,500 | 72,81,000 |
| Retail | 1.63 | 24,91,500 | 40,59,000 |
| Total | 2.28 | 49,83,000 | 1,13,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (inclusive of Underwriting Commission) | 0.31 |
| 2 | Brokerage selling Commission | 0.01 |
| 3 | Advertising and marketing expenses (inclusive) | 0.03 |
| 4 | Fees payable to the Legal Advisors to the Issue (inclusive) | 0.01 |
| 5 | Fees to the Registrar to the Issue (inclusive) | 0.01 |
| 6 | Fees payable to the Regulators including stock exchanges and Depositories (by Company) | 0.04 |
| 7 | PCS certificate | 0.00 |
| 8 | Depository expense for Corporate Action (including Payment to NSDL & CDSL for activation of Validation Process) | 0.01 |
| 9 | Lsiting fees | 0.00 |
| 10 | Printing and distribution of Issue stationary | 0.00 |
| 11 | stock exchange validation | 0.01 |
| 12 | Postage stamp duty | 0.01 |
| 13 | Brokerage and selling commission payable to Syndicate | 0.00 |
| 14 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 15 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them | 0.00 |
| 16 | Market maker | 0.10 |
| 17 | Miscallaneous out of pocket | 0.01 |
| 18 | Others (bankers to the Issue, auditor’s fees etc.) | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹42.00 |
| Low | ₹40.70 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Empyrean Cashews IPO is a SME IPO of 52,47,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Mar 21, 2022, and closes on Wed, Mar 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 Mon, Mar 21, 2022 and closes on Wed, Mar 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 Wed, Mar 30, 2022. Check the Empyrean Cashews IPO allotment status.
The Empyrean Cashews IPO listing date is on Thu, Mar 31, 2022.
