Empyrean cashews IPO engages in the processing of raw cashew nuts into flavored cashews.
Empyrean cashews IPO-overview
| IPO Dates | 21-23 March 2022 |
| IPO Price | INR 37 per share |
| Fresh issue | 5,247,000 shares (INR 19.41 crore) |
| Offer For Sale | Nil |
| Total IPO size | 5,247,000 shares (INR 19.41 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Empyrean cashews IPO – Tentative Dates
| IPO Offer Opening Date | 21 March 2022 |
| IPO Closing Date | 23 March 2022 |
| Finalization of Basis of Allotment | 28 March 2022 |
| Initiation of refunds | 30 March 2022 |
| Transfer of shares to demat accounts | 30 March 2022 |
| IPO Listing Date | 04 April 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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.
Strengths:
- Strategically located manufacturing facilities with state-of-the-art infrastructure and integrated processing and packaging facilities.
- Customers’ Satisfaction and their retention.
- Widespread distribution network and presence across various retail channels for timely delivery.
- Experienced and professional senior management team.
Objectives of the issue
- To meet the Working Capital Requirements.
- General Corporate Purposes.
- To meet the Issue Expenses.
Company Financials
| Particulars | 31-March -21 | 31-March -20 | 31-Mar-19 |
| Total Assets | 2,156.19 | 1,641.48 | 1,610.58 |
| Total Revenue | 2,858.08 | 4,438.69 | 5,047.27 |
| Profit After Tax | 66.74 | 95.60 | 64.95 |
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/
Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Lead Manager(s)
- Systematix Corporate Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
