Empyrean Cashews IPO vs Evoq Remedies IPO

Comparision between Empyrean Cashews IPO and Evoq Remedies IPO.

IPO Details

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

	Empyrean Cashews IPO	Evoq Remedies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Systematix Corporate Services Limited	Swastika Investmart Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Empyrean Cashews IPO is up to ₹19.41 Cr whereas the issue size of the Evoq Remedies IPO is up to ₹9.72 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 IPO	Evoq 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)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	52,47,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹19.41 Cr	up to ₹9.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,47,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹19.41 Cr	up to ₹9.72 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 IPO	Evoq Remedies IPO
Anchor Bid Date
Issue Open	Mar 21, 2022	Mar 17, 2022
Issue Close	Mar 23, 2022	Mar 22, 2022
Basis Of Allotment (Tentative)	Mar 28, 2022	Mar 25, 2022
Initiation of Refunds (Tentative)	Mar 30, 2022	Mar 28, 2022
Credit of Share (Tentative)	Mar 30, 2022	Mar 29, 2022
Listing date (Tentative)	Mar 31, 2022	Mar 30, 2022
Anchor Lockin End date 1	Apr 27, 2022	Apr 24, 2022
Anchor Lockin End date 2	Jun 26, 2022	Jun 23, 2022

Financials

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

Empyrean Cashews IPO

Evoq Remedies IPO

Financial

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)

56.99%

99.99%

Promoter Shareholding (Post-Issue)

41.88%

73.53%

P/E Ratio

25.69

33.75

Market Cap

₹73.24 Cr.

₹36.72 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Empyrean Cashews IPO retail 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 IPO	Evoq Remedies IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,64,000 shares	1,80,000 shares
QIB
NII	24,91,500 shares	17,10,000 shares
RII	24,91,500 shares	17,10,000 shares
Employee
Others
Total	49,83,000 shares	34,20,000 shares

Bids Received (Subscription)

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

	Empyrean Cashews IPO	Evoq Remedies IPO
QIB (times)
NII (times)	2.92x	0.30x
Big NII (times)
Small NII (times)
RII (times)	1.63x	3.03x
Employee (times)
Other (times)
Total (times)	2.28x	1.67x

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Evoq Remedies IPO	Shigan Quantum Technologies IPO

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