Empyrean Cashews IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Empyrean Cashews
- Important Details – Empyrean Cashews
- Objects of the Issue
- Empyrean Cashews Limited Financials:
- Empyrean Cashews IPO Price – Details
- Empyrean IPO DRHP & RHP
- Empyrean IPO Lot Size
- Empyrean IPO Lead Managers
- Empyrean IPO Registrar
- KRISHIVAL IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered Office
- Company Promoters
- Empyrean Cashews IPO – FAQS
About Empyrean Cashews
Empyrean Cashews Limited commenced operations in 2014 under the name and style of the brand “Krishival Cashews”. The company was incorporated in 2014 and is engaged in processing raw cashew nuts into finished cashew kernels in different flavours, with a presence in more than 26 tier II and tier III towns and cities.
Empyrean Cashews primarily cater to the domestic market with a network of more than thirty (30) distributors across India. Empyrean procure majority of the raw materials by way of import from certain African and Asian countries and also from the Konkan region of India. Empyrean focus on quality of the products to increase the presence across the country. As on date of this Prospectus, the company has one Subsidiary namely, Siddhivinayak Cashew Industries Private Limited.
In addition to processing raw cashews the company also engaged in the business of organic manure which is prepared by using by-products like husk and other biodegradable material left after processing of the raw cashews. Based on the audited restated financials for FY 2021, 93% of our revenue is derived from sale of cashews whilst remaining 7% is derived from sale of organic manure
Important Details – Empyrean Cashews
| Date | Details |
|---|---|
| March 21, 2014 | The company was incorporated as a private limited company in Mumbai, Maharashtra. |
| November 08, 2021 | The company was converted from a private limited company to a public limited company and consequently the name of the company was changed to ‘Empyrean Cashews Limited’ |
Objects of the Issue
- To meet the Working Capital Requirements
- General Corporate Purposes
- To meet the Issue Expenses
Empyrean Cashews Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | |||
|---|---|---|---|---|
| 31-Oct-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 3,607.22 | 3,597.46 | 3,232.81 | 3,291.22 |
| Total income | 2,722.71 | 2,858.08 | 4,438.69 | 5,047.27 |
| Total Expenses | 2,511.02 | 2,755.80 | 4,309.67 | 4,942.02 |
| Profit After Tax | 166.69 | 66.74 | 95.60 | 64.95 |
Empyrean Cashews IPO Price – Details
| Description | KRISHIVAL IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 52,47,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1,941.39 lakhs) |
| Issue Open Date | 21-Mar-22 |
| Issue Close Date | 23-Mar-22 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 37 |
| Face Value | ₹ 10 |
| Market Lot | 3000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 3000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | KRISHIVAL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Empyrean IPO DRHP & RHP
Empyrean IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 3000 | ₹ 1,11,000 |
| Maximum | 1 | 3000 | ₹ 1,11,000 |
Empyrean IPO Lead Managers
- Systematix Corporate Services Limited
Empyrean IPO Registrar
- Purva Sharegistry (India) Private Limited
KRISHIVAL IPO Allotment Date, Listing Date and other Important Dates
| Detail | Date |
|---|---|
| Bid / Offer Opens on | 21-Mar-22 |
| Bid / Offer Closes on | 23-Mar-22 |
| Finalisation of Basis of Allotment | 28-Mar-22 |
| Initiation of refunds | 30-Mar-22 |
| Credit of the Equity Shares | 30-Mar-22 |
| Listing Date | 31-Mar-22 |
Company Peers – Comparison of Accounting Ratios
The company does not have any listed peers which are comparable in terms of business.
Company Registered Office
1309, Lodha Supremus Powai,
Saki Vihar Road, opposite
MTNL office,
Powai Mumbai – 400072,
Maharashtra, India
Website: www.krishival.com
Company Promoters
- Aparna Morale Bangar
- Nana Prakash Mhaske
- Anant Pandurang Kulkarni
Empyrean Cashews IPO – FAQS
What is the Empyrean Cashews IPO Price?
The Empyrean Cashews IPO price band is 37 per share
When KRISHIVAL IPO will open?
The KRISHIVAL IPO opens on Mar 21, 2022 and closes on Mar 23, 2022
What is the lot size of Empyrean Cashews IPO?
The Empyrean Cashews IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares
Who is the Registrar for Empyrean Cashews IPO?
The Registrar for Empyrean Cashews IPO is Purva Sharegistry (India) Private Limited
How to apply in Empyrean Cashews IPO through UPI?
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How to apply in Empyrean Cashews IPO through Zerodha?
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