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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:
The company intends to utilize the proceeds of the Issue to meet the following objectives:
IPO Date | Mar 21, 2022 to Mar 23, 2022 |
Listing Date | Mar 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 |
NII (HNI) Shares Offered | 2,491,500 (50% of the net offer) |
Retail Shares Offered | 2,491,500 (50% of the net offer) |
Market Maker portion | 264,000 shares |
Total Shares Offered | 4,983,000 |
Empyrean Cashews IPO opens on Mar 21, 2022, and closes on Mar 23, 2022.
Event | Tentative Date |
---|---|
Opening Date | Mar 21, 2022 |
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 |
Listing Date | Mar 31, 2022 |
UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Empyrean Cashews IPO lot size is 3000 shares.
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.
Pre Issue Share Holding | 56.99% |
Post Issue Share Holding | 41.88% |
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 |
[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 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)
Category | Subscription (times) |
---|---|
Other | 2.92 |
Retail | 1.63 |
Total | 2.28 |
Listing Date | Mar 31, 2022 |
BSE Script Code | |
NSE Symbol | KRISHIVAL |
ISIN | INE0GGO01015 |
IPO Price | ₹37 per share |
Price Details |
---|
IPO 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: http://www.purvashare.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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, Nuvama, 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.
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IPOANALYSIS| Link |Apr 5, 2022 1:54:28 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