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
- Quality Assurance.
- 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.
Company Promoters
Aparna Morale Bangar, Nana Prakash Mhaske and Anant Pandurang Kulkarni are the company promoters.
Company Financials
| 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:
- To meet the Working Capital Requirements.
- General Corporate Purposes.
- To meet the Issue Expenses.
Empyrean Cashews IPO Details
| IPO Opening Date | Mar 21, 2022 |
| IPO Closing Date | Mar 23, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 5,247,000 Eq Shares of ₹10 (aggregating up to ₹19.41 Cr) |
| Fresh Issue | 5,247,000 Eq Shares of ₹10 (aggregating up to ₹19.41 Cr) |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Empyrean Cashews IPO Tentative Timetable
| IPO Open Date | Mar 21, 2022 |
| IPO Close Date | Mar 23, 2022 |
| Basis of Allotment Date | Mar 28, 2022 |
| Initiation of Refunds | Mar 30, 2022 |
| Credit of Shares to Demat Account | Mar 30, 2022 |
| IPO Listing Date | Mar 31, 2022 |
Empyrean Cashews IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| 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 Prospectus
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 FAQs
| When Empyrean Cashews IPO will open? The Empyrean Cashews IPO dates are 21 March 2022 To 23 March 2022 |
| What is the lot size of Empyrean Cashews IPO ? Empyrean Cashews IPO lot size and the minimum order quantity is 3000 Shares. |
| How to apply for Empyrean Cashews IPO ? 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. |
| When is Empyrean Cashews IPO listing date? The Empyrean Cashews IPO listing date is announced. The date of Empyrean Cashews IPO listing is [31 March 2022]. |
