Empyrean Cashews Limited IPO (Empyrean Cashews IPO)

Empyrean Cashews IPO 2022
Upcoming Empyrean Cashews IPO | New Empyrean Cashews IPO

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 Promoters

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

Company Financials

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets2,191.202,156.191,641.481,610.58
Total Revenue2,722.712,858.084,438.695,047.27
Profit After Tax166.6966.7495.6064.95

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

IPO Opening DateMar 21, 2022
IPO Closing DateMar 23, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹37 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size5,247,000 Eq Shares of ₹10
(aggregating up to ₹19.41 Cr)
Fresh Issue5,247,000 Eq Shares of ₹10
(aggregating up to ₹19.41 Cr)
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Empyrean Cashews IPO Tentative Timetable

IPO Open DateMar 21, 2022
IPO Close DateMar 23, 2022
Basis of Allotment DateMar 28, 2022
Initiation of RefundsMar 30, 2022
Credit of Shares to Demat AccountMar 30, 2022
IPO Listing DateMar 31, 2022

Empyrean Cashews IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)

Empyrean Cashews IPO Promoter Holding

Pre Issue Share Holding56.99%
Post Issue Share Holding41.88%

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

Empyrean Cashews IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@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].
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