Empyrean Cashews IPO Date, Lot Size and Price

Empyrean Cashews IPO Details: Empyrean Cashews is an NSE SME IPO with a target price of Rs 19.41 crore. With a market lot of 3000 shares, the Empyrean Cashews IPO price band is set at 37. You may check the subscription status of Empyrean Cashews IPO and the allotment status of Empyrean Cashews IPO on their relevant pages.

Empyrean Cashews IPO
Empyrean Cashews IPO

Empyrean Cashews IPO Details

Opening DateMar 21, 2022
Close DateMar 23, 2022
Price BandRs. 37 per equity share
Lot Size3000 Shares
Issue Size (Rs. Cr.)5,247,000 Eq Shares of Rs. 10 (aggregating up to Rs. 19.41 Cr)
Face ValueRs. 10 per equity share
Issue TypeFixed Price Issue IPO
Exchange BoardNSE, SME
Fresh Issue5,247,000 Eq Shares of Rs. 10 (aggregating up to Rs. 19.41 Cr)
Retail Shares Offered50%
NII (HNI) Shares Offered50%
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 Date

The IPO date for Empyrean Cashews has been set. The IPO will take place on March 21, 2022, and will conclude on March 23, 2022. Empyrean Cashews is a cashew producer and seller. “Krishival Cashews” is the brand name under which they offer their goods. The company, which is situated in Mumbai, was founded in 2014. Raw cashew nuts are processed into flavorful cashews. Salted, pepper, chilli, and various flavours are available.

Empyrean Cashews IPO Price

The IPO Price for Empyrean Cashews has been set. Empyrean Cashews IPO Price is Rs. 37 per equity share. Empyrean Cashews IPO will take place on last week of March 2022.

Empyrean Cashews IPO Lot Size

The lot size of Empyrean Cashews IPO is 3000 Shares. This is the minimum order quantity for this IPO. An individual retail investor can apply for up to one lot (3000 shares or Rs. 111,000).

Empyrean Cashews IPO Allotment Date and Listing Date

The IPO for Empyrean Cashews will begin on 21 March 2022, and end on 23 March 2022. The Empyrean Cashews IPO Allotment Date is 28 Mar 2022. This IPO will take 3 days to list. The IPO Listing Date of Empyrean Cashews IPO is 31 Mar 2022.

About Empyrean Cashews IPO

Krishival Cashews is the brand name for the cashews that the company makes and sells. Empyrean Cashews Limited was founded on March 21, 2014, and is 7 years and 11 months old. It is headquartered in Mumbai, Maharashtra, India.

The company is active, and it has submitted all of its annual returns and financial statements up through March 31, 2021. (FY 2020-2021). According to the MCA, it is a company limited by shares with a paid-up capital of Rs 14.55 crore and an authorised capital of Rs 20.00 crore.

With a presence in more than 26 tier II and tier III towns and cities, the company processes raw cashew nuts into finished cashew kernels in various flavours. With a network of more than 30 distributors across India, it mostly serves the domestic market. The majority of the company’s raw materials are imported from African and Asian countries, as well as the Konkan region of India.

In addition to processing raw cashews, the company also produces organic manure, which is made from by-products such as husk and other biodegradable material left behind after the raw cashews are processed. According to the audited restated financials for FY 2021, cashew sales account for 93% of revenue, while organic manure sales account for the remaining 7%.

Its cashews come in a variety of flavours, including salted, pepper, chilli, and varied, and are available in various grades and packaging types. The products are distributed through several channels, including distributors, supermarkets, merchants, and wholesalers.

In India, the company has over 30 distributors that sell its products on the domestic market. Flipkart, Messho, and India Mart all have listings for the company. Their processing and packaging facility is located in Kolhapur, Maharashtra, in the villages of Halkarni and Shinoli.

Promoters of Empyrean Cashews IPO

Promoters of Empyrean Cashews IPO are Aparna Morale Bangar, Nana Prakash Mhaske and Anant Pandurang Kulkarni are the company promoters. 

Empyrean Cashews IPO FAQs

What is Empyrean Cashews IPO?

The Empyrean Cashews IPO is a small business IPO with 5,247,000 equity shares with a face value of Rs.10 and a total market capitalization of Rs.19.41 crores. The issue’s price per equity share is Rs.37. 3000 shares is the minimum order quantity. The shares will be listed on the NSE SME.

When Empyrean Cashews IPO will open?

The Empyrean Cashews IPO opens on 21 Mar 2022 and closes on 23 Mar 2022.

What is the lot size of Empyrean Cashews IPO?

Empyrean Cashews IPO lot size is 3000 Shares 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 Empyrean Cashews IPO allotment?

The basis of allotment for the Empyrean Cashews IPO will be finalised on 28 March 2022, and the allotted shares will be credited to your demat account by 30 March 2022.

When is Empyrean Cashews IPO listing date?

The Empyrean Cashews IPO listing date is 31 March 2022. The tentative date of Empyrean Cashews IPO listing is 31 Mar 2022.

Who is the registrar of Empyrean Cashews IPO?

Purva Sharegistry India Pvt Ltd is the registrar for the IPO.

What is Empyrean Cashews IPO Price Band?

Empyrean Cashews IPO price band is Rs. 37 per equity share.

What is Empyrean Cashews IPO Price Band?

Empyrean Cashews IPO price band is Rs. 37 per equity share.