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Empyrean Cashews IPO is a fixed price issue of Rs 19.41 crores. The issue is entirely a fresh issue of 52.47 lakh shares.
Empyrean Cashews IPO bidding started from March 21, 2022 and ended on March 23, 2022. The allotment for Empyrean Cashews IPO was finalized on Monday, March 28, 2022. The shares got listed on NSE SME on March 31, 2022.
Empyrean Cashews IPO price is ₹37 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹111,000.
Systematix Corporate Services Limited is the book running lead manager of the Empyrean Cashews IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,247,000 shares (aggregating up to ₹19.41 Cr) |
| Fresh Issue | 5,247,000 shares (aggregating up to ₹19.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,548,141 |
| Share holding post issue | 19,795,141 |
| Market Maker portion | 264,000 shares |
Empyrean Cashews IPO offers 5,247,000 shares. 2,491,500 (47.48%) to NII, 2,491,500 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 264,000 (5.03%) |
| Other Shares Offered | 2,491,500 (47.48%) |
| Retail Shares Offered | 2,491,500 (47.48%) |
| Total Shares Offered | 5,247,000 (100%) |
Empyrean Cashews IPO opens on March 21, 2022, and closes on March 23, 2022.
| IPO Open Date | Monday, March 21, 2022 |
| IPO Close Date | Wednesday, March 23, 2022 |
| Basis of Allotment | Monday, March 28, 2022 |
| Initiation of Refunds | Wednesday, March 30, 2022 |
| Credit of Shares to Demat | Wednesday, March 30, 2022 |
| Listing Date | Thursday, March 31, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 23, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹111,000 |
| Retail (Max) | 1 | 3000 | ₹111,000 |
| Lot Size Calculator | |||
Aparna Morale Bangar, Nana Prakash Mhaske and Anant Pandurang Kulkarni are the company promoters.
| Share Holding Pre Issue | 56.99% |
| Share Holding Post Issue | 41.88% |
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 Rs 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...
The Empyrean Cashews IPO is subscribed 2.28 times on March 23, 2022 5:01:00 PM. 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) |
|---|---|
| Other | 2.92 |
| Retail | 1.63 |
| Total | 2.28 |
| Listing Date | March 31, 2022 |
| BSE Script Code | |
| NSE Symbol | KRISHIVAL |
| ISIN | INE0GGO01015 |
| Final Issue Price | ₹37 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹37.00 |
| ₹42.00 |
| ₹40.70 |
| ₹44.10 |
| ₹44.10 |
Empyrean Cashews Limited
1309, Lodha Supremus Powai,
Saki Vihar Road,
opposite MTNL Office, Mumbai - 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
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Empyrean Cashews IPO is a SME IPO of 5,247,000 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 Shares.
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 Shares, and the minimum amount required is ₹111,000.
You can apply in Empyrean Cashews IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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RHP
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IPOANALYSIS| Link | Bookmark |April 5, 2022 2:54:28 PMHe applied swaraj and is already in loss
lokes
189. lokes | Link | Feb 15, 2022 4:21:55 PM
IPO Guru IPO Guru (2500+ Posts, 2500+ Likes)
In my opinion, it can list around 85-90 as per subscriptions and current market conditions....if listing is around or above 95-100, then i think better to sell and book profit or be vigilant, if its going towards LC after listing, to press sell button soon. if listing around or below 70-75, then better to hold it , it may hit UC then....and if listing in between above prices, then as per risk capacity, it can be decided to hold/sell. Company is good in terms of fundamentals and valuations are also not expensive as per current financials and future growth should also be there. But since some of recent sme's like precision/safa didn't performed well after listing so be vigilant if listing is at higher prices. Many other smes also going down from last 1-2 weeks like ab cotspin/ vivo/ timescan/ nupur etc. so be careful and watchful. I am not allotted here any lot