Empyrean Cashews was incorporated on March 21, 2014. The company's product portfolio include different flavours of cashews such as salted, pepper, chilli and assorted –all offered in different grades and packaging formats.
| Bidding Dates |
|---|
| 21 Mar 2022 - 23 Mar 2022 |
| Subscription |
|---|
| 2.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 3000 | 5.2 M | ₹37 | 73.49 % | ₹194.1 M | RHP DOC |
Krishival Foods IPO SUBSCRIPTION STATUS
23 Mar '22Krishival Foods IPO overall subscription rate was 2.28 times the total available shares
Krishival Foods IPO retail subscription rate was 1.63 times in the retail segment
Krishival Foods IPO non-institutional investor subscription rate was 2.92 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
22 Mar 2022 (Day 2) | 0.97x | 2.53x | - |
23 Mar 2022 (Day 3) | 1.63x | 2.92x | - |
21 Mar 2022 (Day 1) | 0.27x | 1.5x | - |
Krishival Foods FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 7MFY22 | 16.7 | 268.5 | 30.9 | 24.6 |
| FY21 | 6.7 | 281.3 | 1.6 | -1.9 |
| FY20 | 9.6 | 439.5 | 28.4 | 23.8 |
| FY19 | 6.5 | 499.8 | 1.5 | -0.3 |
Krishival Foods IPO SUBSCRIPTION STATUS DETAILS
Krishival Foods had 5.2 M shares on offer
Krishival Foods IPO offer price was ₹37
Krishival Foods IPO minimum Investment was ₹111000
Krishival Foods IPO issue size was ₹ 194.1 M
Krishival Foods had a minimum lot size of 3000 Shares per application
Krishival Foods NUMBER OF SHARES ON OFFER
Krishival Foods IPO IMPORTANT DATES
| Issue Open Date | 21 Mar 2022 |
| Issue close Date | 23 Mar 2022 |
| Allotment Date | 28 Mar 2022 |
| Refund Date | 30 Mar 2022 |
| Demat Account Credit Date | 30 Mar 2022 |
| Listing Date | 31 Mar 2022 |
| Listing on Exchange(s) | NSE |
| Krishival Foods Allotment Status | Exchange |
Krishival Foods IPO subscription opened on 21 Mar 2022, and closed on 23 Mar 2022
IPO allotment for Krishival Foods was finalized on Monday, 28 Mar 2022
IPO listing for Krishival Foods was on NSE on Thursday, 31 Mar 2022
Krishival Foods IPO LISTING GAINS
| Issue Price (adjusted) | 37.0 |
| Listing Open Price | 42.0 |
| Listing Close Price | 44.1 |
| Listing Gain% | 13.5% |
| Current Gain% | 951.9% |
Krishival Foods Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Krishival Foods Ltd. | 389.2 | 770.4 | 42.3 | -39.9 | 3.1 | 11.2 | 8.6 | 304.4 | 47.6 | 21.5 | 58.6 | 9.2 | -1.1 |
| Varun Beverages Ltd. | 442 | 149504.9 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 805.1 | 14327.2 | 25.2 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 906.6 | 12351.3 | 20.4 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1636.2 | 10328.1 | 48.1 | 0.2 | 7.6 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113.4 | 2066.8 | 60 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Krishival Foods INFORMATION ON IPO ISSUE
About Krishival Foods
Empyrean Cashews was incorporated on March 21, 2014. The company's product portfolio include different flavours of cashews such as salted, pepper, chilli and assorted –all offered in different grades and packaging formats.
Object of the Issue
- To meet the working capital requirements
- General corporate purposes
- To meet the issue expenses
Krishival Foods - PROMOTERS
| Name |
|---|
| Aparna Morale Bangar |
| Nana Prakash Mhaske |
| Anant Pandurang Kulkarni |
Krishival Foods Lead Manager
Systematix Corporate Services Limited
mb.ipo@systematixgroup.in
Krishival Foods Registrar to the Offer
Purva Sharegistry (India) Private Limited
support@purvashare.com
Krishival Foods Strengths
Quality Assurance
The company had been accredited with “ISO 9001:2015” Certification for Quality Management System for Processing and Sales of Dryfruits and “ISO 22000:2018” Certification for Food Safety Management System
Strategically located
Strategically located manufacturing facilities with state-of-the-art infrastructure and integrated processing and packaging facilities
Distribution network
Widespread distribution network and presence across various retail channels for timely delivery
Experienced team
The company has an experienced and professional senior management team
Krishival Foods Risks
Legal proceedings
There is one outstanding legal proceeding involving the company
Working capital requirement
The company requires a significant amount of working capital for continuous growth.
Indebtedness
The company has an outstanding indebtedness which includes secured and unsecured loan
IPO FAQs
The promoters of the company are Aparna Morale Bangar, Nana Prakash Mhaske and Anant Pandurang Kulkarni.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 37.0 - 37.0.
The IPO application opens on Mar 21, 2022 and closes on Mar 23, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Mar 28, 2022.
The refund will be credited to your account on Mar 30, 2022.
The allotted shares will be credited to your demat on Mar 30, 2022.
Empyrean Cashews Ltd.’s shares listed on the stock exchanges on Mar 31, 2022.