Empyrean Cashews Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,491,500 (47%) | — | ₹922 Cr |
| Retail | — | 2,491,500 (47%) | — | ₹922 Cr |
| Market Maker | — | 264,000 (5%) | — | ₹10 Cr |
| Σ Total | — | 5,247,000 (100%) | — | ₹19,414 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹111,000 |
| Retail (Max) | 13 | 39,000 | ₹1,443,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,554,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,437,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Oct-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 2,723 | 2,858 | 4,439 |
| Profit After Tax | 167 | 67 | 96 |
| Total Assets | 2,191 | 2,156 | 1,641 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding the working capital requirements of the Company – 7.75
- 2 General corporate purposes – 1.78
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.
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.