Empyrean Cashews IPO GMP, Review, Price, Allotment

Empyrean Cashews IPO description – The company is engaged in processing raw cashew nuts into finished cashew kernels in different flavours, with a presence in more than 26 tier II and tier III towns and cities. It primarily caters to the domestic market with a network of more than 30 distributors across India. The company procures majority of its raw materials by way of import from certain African and Asian countries and also from the Konkan region of India.

In addition to processing raw cashews, the company is also engaged in the business of organic manure which is prepared by using by-products like husk and other biodegradable material left after processing of the raw cashews. Based on the audited restated financials for FY 2021, 93% of its revenue is derived from sale of cashews whilst remaining 7% is derived from sale of organic manure.

Its product portfolio includes different flavours of cashews such as salted, pepper, chilli and assorted – all offered in different grades and packaging formats. The products are supplied to different channels which include distributors, supermarkets, retailers as well as wholesalers.

Promoters of Empyrean Cashews – Aparna Morale Bangar, Nana Parakash Mhaske and Anant Pandurang Kulkarni

---

Empyrean Cashews IPO Details

Subscription Dates	21 – 23 March 2022
Price Band	INR37 per share
Fresh issue	5,247,000 shares (INR19.41 crore)
Offer For Sale	Nil
Total IPO size	5,247,000 shares (INR19.41 crore)
Minimum bid (lot size)	3,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE Emerge

---

Empyrean Cashews’ Financial Performance

	FY2019	FY2020	FY2021	7M FY2022
Revenue	5,047.27	4,438.69	2,858.08	2,722.71
Expenses	4,942.02	4,309.67	2,755.80	2,511.02
Net income	64.95	95.60	66.74	166.69

---

Empyrean Cashews Offer News

• Empyrean Cashews RHP
• Empyrean Cashews Draft Prospectus

---

Empyrean Cashews Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR0.46
Pre-IPO Price/Earnings (PE ratio): 80.43
Return on Net Worth (RONW): 3.44%
Net Asset Value (NAV): INR13.36 per share

---

Empyrean Cashews IPO GMP Daily Trend

Date	Empyrean Cashews IPO GMP	Kostak	Subject to Sauda

---

Empyrean Cashews IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	26,23,500	26,23,500	5,247,000
Day 1	1.42	0.26	0.84
Day 2	2.40	0.92	1.66
Day 3	2.77	1.55	2.16

---

Empyrean Cashews Offer Registrar

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 2518
Email: [email protected]
Website: www.purvashare.com

---

Empyrean Cashews Contact Details

Empyrean Cashews Limited
1309, Lodha Supremus Powai,
Saki Vihar Road, opposite MTNL office,
Powai Mumbai – 400072,
Phone: +91 8779558264
Email: [email protected]
Website: www.krishival.com

---

Empyrean Cashews IPO Allotment Status

Empyrean Cashews IPO allotment is now available on Purva Sharegistry’s website. Click on this link to get allotment status.

---

Empyrean Cashews IPO Timetable

IPO Opening Date	21 March 2022
IPO Closing Date	23 March 2022
Finalisation of Basis of Allotment	28 March 2022
Initiation of refunds	30 March 2022
Transfer of shares to demat accounts	30 March 2022
Listing Date	31 March 2022
Opening Price on NSE	INR42 per share (up 13.51% from IPO price)
Closing Price on NSE	INR44.1 per share (up 19.19% from IPO price)

---

Empyrean Cashews IPO FAQs