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Empee Distilleries Limited IPO (Empee IPO) Detail

November 1, 2007 - November 6, 2007

Empee IPO is a book built issue of Rs 192.00 crores.

Empee IPO bidding started from November 1, 2007 and ended on November 6, 2007. The shares got listed on BSE, NSE on November 26, 2007.

Empee IPO price band is set at ₹350 to ₹400 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Almondz Global Securities Limited is the book running lead manager of the Empee IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Empee IPO Details

IPO Date November 1, 2007 to November 6, 2007
Listing Date November 26, 2007
Face Value ₹10 per share
Price Band ₹350 to ₹400 per share
Lot Size 15 Shares
Total Issue Size4,800,000 shares
(aggregating up to ₹192.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Empee IPO Lot Size

Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 15 ₹6,000
Retail (Max) 33 495 ₹198,000
Lot Size Calculator

About Empee Distilleries Limited

Incorporated in 1984, Empee Distilleries Limited is in the business of manufacturing Alcoholic Beverages. Empee Distilleries manufacture Indian Made Foreign Liquor (IMFL) and their distillery units are located in Tamil Nadu and Kerala. Company manufactures IMFL under its own brands as well as for other companies. The brands under Empee's portfolio are Old Secret XXX Rum, Power XXX Rum, Power Brandy, Mc Lene Ordinary Brandy, Mclene XXX Ordinary Rum, Power Whisky, Empee Napoleon Premium Brandy, Empee Fine Brandy, Commando XXX Rum, Club Polo Dry Gin, Club Royal Whisky, Elcanso Dark XXX Rum and Old Secret Brandy. The brands under tie up arrangement are Brihans Napoleon Premium Brandy, Brihans Premium Whisky.

Empee Distilleries is part of the Empee Group, a 40 years old business house involve in many business including Hotels, Liquor, Sugar, Power, Packaging, Transport, Construction and Exports. Empee Groups sugar and chemical business is already listed at BSE with name Empee Sugars & Chemicals Limited (500132).

Objects of the Issue (Empee IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Setting up of 60 KLPD Grain Based Distillery Unit at Nellore District, Naidupet Sub-District, Pellakuru Mandal, Pellakuru Village, Andhra Pradesh;
2. Setting up of Blending & Bottling IMFL Plant at Nellore District, Naidupet Sub-District, Pellakuru Mandal, Pellakuru Village, Andhra Pradesh with a capacity of 0.70 Lakh cases per month;
3. Setting up of 7.5 MW Bio-mass based Power Plant at Aranthangi Taluk, Pudukottai District, Tamil Nadu;
4. Development of 2.00 Lakhs sq.ft. of residential space in Mevalorkuppam, Sriperumbudur Taluk, Kancheepuram, District Tamil Nadu;
5. Expansion of our Existing Distillery Unit situated at Mevaloorkuppam, Sriperumbudur Taluk, Kanchipuram District, Tamil Nadu by augmenting the capacity of our Extra Neutral Alcohol Plant from 20KLPD to 70KLPD;
6. Expansion of our Existing Distillery Unit situated at Mevaloorkuppam, Sriperumbudur Taluk, Kanchipuram District, Tamil Nadu by augmenting the capacity of the said distillery to handle 5.00 Lakh cases per month from the present 3.20 Lakh cases per month;
7. Relocation of Plant & Machinery purchased from Appollo Alchobev Limited to Village Arabikothanur, Panchayat-Vokkaleri Hobli, District Kolar, Karnataka along with expanding the existing capacity from 0.50 Lakh cases per month to 1.00 Lakh cases per month.


Empee IPO Subscription Status (Bidding Detail)

The Empee IPO is subscribed 6.87 times on November 6, 2007 5:00:00 PM. The public issue subscribed 6.11 times in the retail category, 8.77 times in the QIB category, and 2.31 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Empee IPO Prospectus

Empee IPO Rating

143
3.5
Rating:Rated 3.5 stars
Vote Here ...

Empee IPO Listing Details

Listing Date November 26, 2007
BSE Script Code 532920
NSE Symbol EDL
ISIN INE180G01019
Final Issue Price ₹400 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹400.00
₹400.00
₹301.00
₹489.00
₹317.90
NSE
₹400.00
₹462.30
₹303.10
₹479.00
₹319.35

Check IPO Performance…

Empee Distilleries Limited Contact Details

Empee Distilleries Limited
Empee Distilleries Limited,
693, Mount Road,
Chennai, Tamil Nadu - 600006
Phone: +91 44 28297111
Email: info@empeegroup.co.in
Website: http://www.empeegroup.co.in

Empee IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/

Empee IPO - Buy or Not

Empee IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Empee IPO FAQs

Empee IPO is a main-board IPO of 4,800,000 equity shares of the face value of ₹10 aggregating up to ₹192.00 Crores. The issue is priced at ₹350 to ₹400 per share. The minimum order quantity is 15 Shares.

The IPO opens on November 1, 2007, and closes on November 6, 2007.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Empee IPO opens on November 1, 2007 and closes on November 6, 2007.

Empee IPO lot size is 15 Shares, and the minimum amount required is ₹6,000.

You can apply in Empee 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Empee IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Empee IPO allotment status.

The Empee IPO listing date is on November 26, 2007.
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Empee IPO Message Board

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371 Comments

371. DON |   Link |  Bookmark |December 31, 2007 6:34:28 PM
EMPEE is neither MP nor EMPTY. it will definitely shut the fool lady & ladas mouth within a span of one month. somebody told me that it is my devine power. you are right my friend. now only wait & watch.
370. suresh |   Link |  Bookmark |December 31, 2007 3:47:08 PM
Finally today something rise in Empee... Seems like good sale for new year eve :)
guys... purchase empee wines not just shares :)
Happy new year...
369. khilan |   Link |  Bookmark |December 30, 2007 8:33:22 PM
S.P.tulsian have recomanded EMPEE stocks and major promotors
holding would be sent near Rs.325 now only investor stay in this
stock.Tulsian was give wrong guide line to investor all the
time,but investor will trust in him.god bless investor.
Hey god give punish to tulsian.
368. sandy |   Link |  Bookmark |December 29, 2007 7:56:08 AM
invest for the price target of 600
eps we expect 21rs for fy-08
if pe of 30 (industrial )we count than target would be 600+
but point is that this stock come dowm on its listing and investors lost there patience,but it seems to out perform,reason is simply new raise money will have to utilize fully than we would find good bottom line.....example is shringar cinema.....8 quaters they declared loss and when they utilised ipo money company sudden started to annouce good results.............so just believe that management of this company might put their best effort to increase eps........................
367. Shankar |   Link |  Bookmark |December 17, 2007 11:20:43 AM
Correctly said Amar(358. Amar)!!! Don't believe Tulsian words. He does not recommend correctly. He thinks as a big shot and gives all foolish advices. Never believe his words!!!!!!
366. rama |   Link |  Bookmark |December 16, 2007 9:24:20 AM
I suggest chithorgarh staff to delete such remarks as
---358. Amar (220.224.79.212) 12/8/2007 1:16:11 PM IST Thanks for reporting!
ALL NEW INVESTOR SHOULD READ THIS
Dear Pradip (179)
NEver go as per S.P. Tulsian - he is 60% wrong in prediction

--

tulsian gives investment advice based on fundamentals and in comparison to peer group. Mostly these small stocks go by specularion. Please avoid these types of messages. This will tempt unprofessional investors to for junk issues and loose all theri money.
365. ashok |   Link |  Bookmark |December 14, 2007 12:03:25 PM
I have alloted 15 shares what I have to do now wheather I
sale or hold ?
364. dev |   Link |  Bookmark |December 12, 2007 3:58:50 PM
i think ingersol will touch to 600 in near tearm of 1 month
363. Virendra |   Link |  Bookmark |December 11, 2007 10:27:26 PM
Tanushree, what do u advise for GAIL?
I have purchased at 476.
362. shah |   Link |  Bookmark |December 11, 2007 2:54:02 PM
Tanushree.
Cinemax is not so good fundamentally.I know the back groud of the owners & know their style of busniess personally.:-))& yaa one day if your script goes up doesnt mean you have proved me wrong !!! lets see in future..you suggest me some script & i suggest you some & lets check who scores more !!
361. tanushree |   Link |  Bookmark |December 10, 2007 11:37:48 PM
Shah see where is cinemax today and u will see where it will be in 2 weeks.never challenge my statement.i have proved many people wrong and u r added in my list too
360. shah |   Link |  Bookmark |December 10, 2007 8:43:31 PM
Hi Tanushree,
You have made a nice observation & i appreciate your statement,thats the way to do a good investment.you are wise but this cinemax is not so good pick.just for your information..let those who want to stick with this script be there..they do not deserve your good advice..
359. KPN |   Link |  Bookmark |December 10, 2007 8:07:10 PM
Msg No.359 ... Cinemax..Good Stock?..Ha..Ha.. Good Joke..
358. Prashant |   Link |  Bookmark |December 10, 2007 5:34:14 AM
Any update if any Mutual Funds are looking to enter this
stock...

None of the Mutual funds is holding it currently...May be once Funds starts buying it should move up...

357. tanushree |   Link |  Bookmark |December 9, 2007 11:19:15 PM
Guys Remember 1 rule in share market dontthink if a stock has gone so up so it cannot go up.
Reemember people want to be only in thos stocks which they know have sense of business and can earn them huge in long term.
See DLF ,powergrid which i guarantee u dlf will cross 3000 and power grid 750 in 2 years time which is almost 3 times and 5 times resp their now price.Why? because they have huge growth and will earn money daily .see RNRL,RPL both another long term story so better sell this stock telling again and dont listen to fools and stick and buy some good growth stocks.
Good stocks which will spurt in near tem are cinemax,sobha developer,parsvnath (best stock),dlf,power grid,mundra port,tcs,ntpc
central bank,
356. priyal |   Link |  Bookmark |December 8, 2007 11:09:35 AM
i am alloted 22 shares through ipo, so is it advisable to wait, and what would be status in future.
355. shah |   Link |  Bookmark |December 7, 2007 5:40:42 PM
Ref 355.Deepak.

you seem to haev devine power as you are saying its a challenge that it will cross 400 by jan, 500 by feb & 600 by March.:-))
354. dipak |   Link |  Bookmark |December 7, 2007 3:41:17 PM
Dont move out from this stock. It will show magic & shut non sense suggestions from fools. Will cross 400 by jan, 500 by feb & 600 by March. Its challenge.
353. tanushree |   Link |  Bookmark |December 6, 2007 11:28:00 PM
Move out of this stock this stock will not do anything.
instaed sell it and buy powergrid,dlf,cinemax,parsvnath or mundra port which are foreign fancy stock you will make quick money.
352. Shah |   Link |  Bookmark |December 6, 2007 8:53:51 PM
Empee doenst look good,see today also in therising market its falling ..Guys listen to me or be ready to book big losses.