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Empyrean Cashews Limited IPO (Empyrean Cashews IPO) Detail

Mar 21, 2022 - Mar 23, 2022

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:

  1. Quality Assurance.
  2. Strategically located manufacturing facilities with state of the art infrastructure and integrated processing and packaging facilities.
  3. Customers' Satisfaction and their retention.
  4. Widespread distribution network and presence across various retail channels for timely delivery.
  5. Experienced and professional senior management team. 

Company 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

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. To meet the Working Capital Requirements.
  2. General Corporate Purposes.
  3. To meet the Issue Expenses.

Empyrean Cashews IPO Details

Empyrean Cashews IPO Date Mar 21, 2022 to Mar 23, 2022
Empyrean Cashews IPO Face Value ₹10 per share
Empyrean Cashews IPO Price ₹37 per share
Empyrean Cashews IPO Lot Size 3000 Shares
Issue Size5,247,000 shares of ₹10
(aggregating up to ₹19.41 Cr)
Fresh Issue5,247,000 shares of ₹10
(aggregating up to ₹19.41 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Aparna Morale Bangar, Nana Prakash Mhaske and Anant Pandurang Kulkarni are the company promoters. 

Empyrean Cashews IPO Timeline (Tentative Timetable)

Empyrean Cashews IPO opens on Mar 21, 2022, and closes on Mar 23, 2022. The Empyrean Cashews IPO bid date is from Mar 21, 2022 10.00 A.M. to Mar 23, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Empyrean Cashews IPO Opening Date Mar 21, 2022
Empyrean Cashews IPO Closing Date Mar 23, 2022
Basis of Allotment Mar 28, 2022
Initiation of Refunds Mar 30, 2022
Credit of Shares to Demat Mar 30, 2022
Empyrean Cashews IPO Listing Date Mar 31, 2022

Empyrean Cashews IPO Lot Size

The Empyrean Cashews IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹111,000).

Application Lots Shares Amount
Minimum 1 3000 ₹111,000
Maximum 1 3000 ₹111,000

Empyrean Cashews IPO Promoter Holding

Pre Issue Share Holding 56.99%
Post Issue Share Holding 41.88%

Empyrean Cashews IPO Review

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...


Empyrean Cashews IPO Subscription Status (Bidding Detail)

The Empyrean Cashews IPO is subscribed 2.28 times on Mar 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)

CategorySubscription (times)
NII2.92
Retail1.63
Total2.28

Empyrean Cashews IPO Prospectus

Empyrean Cashews IPO Rating

77
3.9
Rating:Rated 3.9 stars
Vote Here ...

Empyrean Cashews IPO Listing Date

Listing Date Thursday, March 31, 2022
BSE Script Code
NSE Symbol KRISHIVAL
Listing In
ISIN INE0GGO01015
IPO Price ₹37 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹37.00
Open: ₹42.00
Low: ₹40.70
High: ₹44.10
Last Trade: ₹44.10

Company Contact Information

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/

Empyrean Cashews IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

Empyrean Cashews IPO Review

Empyrean Cashews IPO Recommendation Summary

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Members 0 0 0

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Empyrean Cashews IPO FAQs

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 Mar 21, 2022, and closes on 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Empyrean Cashews IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Empyrean Cashews IPO opens on Mar 21, 2022 and closes on Mar 23, 2022.

Empyrean Cashews IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Empyrean Cashews IPO will be done on Mar 28, 2022, and the allotted shares will be credited to your demat account by Mar 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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Empyrean Cashews IPO Message Board

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62 Comments

23. IPOANALYSIS |   Link |Apr 5, 2022 1:54:28 PM
Lokes message below asking to hold maruti at 75 and will hit Uc..it's not available at 55. Such people can cause huge loss to people with their recommendation . He has not picked my message wherein I said to avoid Swaraj as debt is too high.i did not even apply Swaraj
He 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
23.1. lokes |   Link |Apr 5, 2022 2:43:05 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
in the same message , you can see i am giving warning also in the end, how you missed that? And many others also bought maruti like noorul and others, and maruti gave 2-3 upper circuits after listing so people can exit, its their wish.
All future directions in all smes no one can predict, right ??
i am posting what i am doing, its upto people to decide and take call as per their risk. Everyone is free to follow what they want as ipo-mitr keep saying. I agree with him on that. I am not forcing anyone to follow me/my calls, just sharing my opinion.
And we need to wait some months for results to come, like many others didn't performed initially for sometime and then performed a lot like jainam, kotyark,bombay metrics, you can check, so just don't jump now, lets give some time. I will come back later on these. I am sure some of these will perform well in future form maruti/precision/swaraj and will give good profits more than others losses (if still there).
22. IPOANALYSIS |   Link |Apr 5, 2022 2:04:46 PM
Check this message below Lokes u big liar. i asked everyone to avoid swaraj. U said u r putting 30 times and we all know the result.
ipo analysis Mar 11, 2022 2:08:44 PM
IPO Guru IPO Guru (2100+ Posts, 1600+ Likes)
Cool Caps Industries Limited IPO

Only will apply KN Agri and holding signum quantum. I am definitely avoiding cool caps and swaraj suiting . Sp refractories I think should be available around issue price on listing day .
22.1. lokes |   Link |Apr 5, 2022 2:37:36 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
other message also you only posted on swaraj about listing, what about that then?
that became wrong na, since u r behind me that my swaraj listing estimate is wrong so your swaraj lsiting estimate is also wrong.
21. IPOANALYSIS |   Link |Mar 31, 2022 3:22:19 PM
If everyone look at Dinesh and Lokes apply in almost each and every issue and have less than 50 pc track record . Atleast my 2 recent recommendation of Shigan and Euro given 100 pc returns . So which is better analyst one who ask to apply in all issues with less success and keep showing of only few success or the one which atleast give 100 pc correct calls which don't lead to loss.
21.3. satishreddytips |   Link |Apr 1, 2022 8:31:32 AM
Hi mate nice to have u here, u r guiding people very well I like your assumptions of ipos. one little suggestion just try not to criticize others they have their own thinking and guidance. Just guide and help the people with ur analysis it will surely keep u at top, don't blame others, tq:)
21.4. IPOANALYSIS |   Link |Apr 5, 2022 10:44:45 AM
Satishreddy mate Lokes is one who started it .his utter nonsense message when I asked everyone to stay away from Swaraj just because he was invested he started writing rubbish and we all know the fate of Swaraj now. Plz check what he has written when I just said one should chose stocks wisely and not apply in everything .
20. Dinesh Singh |   Link |Mar 31, 2022 10:15:22 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Sold @44.1.
Better profit than SP R and Swaraj.
20.2. Avenue |   Link |Mar 31, 2022 3:10:44 PM
@Dinesh.. congratulations for listing gain.

If not Kaju, most of us like "Kaju Ki Barfi".
20.3. IPOANALYSIS |   Link |Mar 31, 2022 3:12:16 PM
Spr aur Swaraj mein kaunsa profit. Lol
What about ur avoid call in Shigan which has given best returns
19. IPOANALYSIS |   Link |Mar 31, 2022 2:59:18 PM
Dinesh message asking below to avoid Shigan and we all know Shigan is fundamentally good as well as best returns even better than hugely subscribed KNagri Dinesh Singh (Feb 25, 2022 3:57:55 PM)
For: Shigan Quantum Technologies Limited

We should avoid
18. IPOANALYSIS |   Link |Mar 31, 2022 2:51:19 PM
Dinesh and Lokes are people who apply in all IPO issues. From last 4 issues 3 failed and made money only in 1 which itself is a bad track record. Even the ones they bought from secondary like Maruti and precision they are at huge loss. Atleast my recommendation of only Euro Panel and Shigan are fundamental sound companies with both being success. Anyone can see their message but people like them sit quiet on their multiple failures and start shouting on single success.
17. IPOANALYSIS |   Link |Mar 31, 2022 2:36:37 PM
Guys don't fall In this trap . Systematic Bought CMM infra at 40 took the price to 100 and now it's 9 rs. It's a similar trap here. Do not take any fresh entry in such stocks . It's AvG logistic had also similar fate. Dinesh have u forgotten ur loss and wrong prediction in SP REfractories ,,,Swaraj . As said Dinesh are such people who apply in all issues and give examples of only those company where they earn without telling about their loss in many others. Double face people
16. rsk |   Link |Mar 31, 2022 10:08:31 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
blah, blah >>>>>>>>>>>
15. Dinesh Singh |   Link |Mar 31, 2022 7:36:49 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Administration,
Why no news of listing?
You have mention 31 March as listing date.
Please correct it or modify it.
Thanks.
15.1. IPO Gyaaan |   Link |Mar 31, 2022 8:14:42 AM
Listing is today.. Checked NSE site
15.2. Enjoyjack |   Link |Mar 31, 2022 9:50:28 AM
Settled at 42 against issue price of 37
14. IPO Gyaaan |   Link |Mar 29, 2022 6:41:53 PM
Money deducted from Axis UPI account
13. Dinesh Singh |   Link |Mar 29, 2022 2:21:48 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Any news of allotment?
13.1. eVA |   Link |Mar 29, 2022 6:34:58 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
my retail UPI application amount debited, 1/1
taken risk here, IPO is ok but the price is costly not expecting a bumper risk reward like madhavbaug
12. pRACE |   Link |Mar 23, 2022 3:40:19 PM
the subscription looks like madhavbaug ipo of last month,
12.3. Dinesh Singh |   Link |Mar 23, 2022 8:39:29 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
@lokes,
Thanks for noticing the fact.
BTW, actually no logic works in SME IPO.
Application can be made based on once risk taking capacity.
In this IPO if you see the corporate application is more compared to others which give some confidence to apply 1 lot. But it doesn't guarantee at it will give listing gain.
12.4. IPO Mitr |   Link |Mar 23, 2022 11:40:54 PM
Agree with lokes' following point:

"Applying based on own thinking anywhere is fine (betting for speculation)' but if we justify the decision based on a logic which may or may be correct and continue believing that my logic is correct then I will continue to repeat the mistake again and again.
11. rsk |   Link |Mar 23, 2022 10:13:06 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Since promotor shareholding is 42%, so who holds the rest?
Syed Zafar Islam holds 35%.
Not sure if he is the BJP spokes person, RS MP and former Deutsche Bank MD or just namesake?
11.1. Spock 🖖 |   Link |Mar 29, 2022 6:17:45 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
I think 99% of your finding is correct, and it's not just namesake,
I have searched for his property declaration and it's showing he is holding more than 5Cr value in equity.
If this is true, and the operator is aware of this then in SME anything can happen.

1st two days only HNI had applied more than 2.5X this is something fishy but let's see.
I have not applied.
11.2. Dinesh Singh |   Link |Mar 29, 2022 7:41:17 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Appreciate the work @Spock.
Let's see the listing performance.
I have applied but not yet received the allotment confirmation.
10. pRACE |   Link |Mar 23, 2022 3:24:29 PM
the subscription reminds me madhavbaug like numbers, and the listing was bumper and even now it is triple in 1 month. use your technik friends...
9. IposOnly |   Link |Mar 23, 2022 2:59:15 PM
Apply!! you will get listing gain.. Don't know how much
9.1. IPO Gyaaan |   Link |Mar 31, 2022 12:19:29 PM
I told you..
8. Amit Jaipur |   Link |Mar 23, 2022 1:48:24 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Seems big players of our group are not interested in this sme or they are applying n will tell afterwards that we have applied .
8.1. Trueinfo |   Link |Mar 23, 2022 2:36:50 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
@Amit bro, so many good IPOs are overlapping. Why they will look towards it, which is doubtful about listing gains. Are you considering it? lMO, you are also one among the big investors. I am skipping for sure.
8.2. Amit Jaipur |   Link |Mar 23, 2022 2:50:26 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sorry bro i am not a big investor. Just a simple common man n i am also skipping it.Will surely apply in pe, krishna n uma
7. IPOANALYSIS |   Link |Mar 22, 2022 2:49:47 PM
Who eats cashews during Summers
Anyway pathetic issue and the LM does not have good track record.
7.9. IPOANALYSIS |   Link |Apr 5, 2022 1:33:04 PM
Lokes u r a big liar. I asked everyone to buy Shigan and Eurobound even after listing and we all know the result as the price have appreciated. Remember the subscription was less and High chances of profit. Ur worse prediction of Swaraj even with high subscription is in loss. This is called loser
7.10. lokes |   Link |Apr 5, 2022 1:41:14 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
your also worst listing prediction of swaraj as i posted your message above. so if i am wrong there , you are also wrong in your prediction. Accept that like i accepted. Anyways leave it yar, let others decide who is big liar and big frustrated, you will never accept your mistakes or wrong calls i know, no facts etc just talking same thing only, sometimes sp refractories which i didn't even applied and informed clearly i am not applying, and now about swaraj only but not talking others like kn agri and coolcaps which later gave good profits.

Anyways lets move on......lets not interfere in each other calls from now on....lets not fight more.....it doesn't look good on both of us....i am sorry that i posted about you on swaraj forum after sandeep message , from now on, i will not interfere in your message and i am expecting same from you. Be happy now....wish you good luck in your future calls and for your profits.
6. IPO Power |   Link |Mar 22, 2022 6:06:21 PM
Some sites are showing Subject rate for this ipo is 15000Rs . Can anyone suggest it is correct or not? Can we apply for this ipo for 20-30℅ listing gain?
5. Bhav |   Link |Mar 21, 2022 4:29:51 PM
Top Contributor Top Contributor (200+ Posts)
@ lokes, Noorul, M.ravi, Avenue, IPO analysis Other expert,,,

Are you applying here? If yes how many lots targeting??
5.6. Bhav |   Link |Mar 22, 2022 4:35:42 PM
Top Contributor Top Contributor (200+ Posts)
@Avenue, i agree that this should be choices, but we have interesting cauldron

as PE/krishna/Uma will be heavily subscribe as they are very small, and if you want to go FF in any one of this, you cant go for other IPO and if we go half hearted in any of this three chances will be very less as well be in lottery.

And money in one issue will not be available for other

Experts please solve this puzzle.
5.7. Avenue |   Link |Mar 22, 2022 5:08:01 PM
@Bhav.. I feel one should hold and control the urge to apply in bad/average IPO because of the reason of no/less chance in good IPOs. Good IPOs are heavily subscribed because they are good, rest is ones luck.
4. IPO Mitr |   Link |Mar 20, 2022 1:02:46 AM
Not a very small issue and with no QIB reservation, I am not expecting too high a subscription. Company has been consistently losing revenue and profits except current IPO year...(again SURPRISE !!!!!).

Do not understand the business and also could not understand the reasons on very fluctuating business performance year after years. Most probably I will completely skip the IPO unless subscription figures are really OUT OF WORLD.........
4.1. IPO Mitr |   Link |Mar 23, 2022 11:33:07 AM
After witnessing and understanding subscriptions & subsequent allotments in Cool Caps, I don't trust even the current level of subscription nos........ Skipping this IPO completely despite a small chance by operators to swing it to positive listing and giving some gains to risk takers.

If it doesn't give much losses post listing and stabilizes at a reasonable value not too away lower to issue price, this stock will be a buy at those level.

People should take a call based on their own risk and investment profile and avoid following the herd.