Empee Distilleries Limited IPO Message Board (Page 17)

Hi All,
Don't apply.It will make drunkards out of hard working people.Don't make money out of another's suffering.How many poor people's homes have been destroyed by drink???This company makes low cost drink consumed by the poor.The worker type who drink this will ignore family,beat their wife/child and rape own daughters because they are not in their senses due to drinking.Whatever they earn in the day, is lost in drinking in the evening.The stove in such homes will not even be lighted in the night.The wife may have to sell herself and feed the children as the man does not care about the family.All he wants in the evening is his drink.
Do you want such tainted money. There are other issues that will come in the days to come.Don't support this company.Please have a conscience and boycott this.

Please stay away from such anti-social companies. God will bless you.Think about the plight of the poor family members before you pick up your cheque book to subscribe.

Any latest subscription details would be appriciated.....

The sole reason for not applying in this IPO is Cameo being a registrar. Its a bad bad or may be the worse registrar. I have applied in atleast three of their IPOs and they have disappointed me with their services. They dont give you money back on time. and they play with share holders money by alloting it to their favorites. So folks be aware of this registrar its not good for small investors like us. Its my experience with them and i m sure it might be same with all others too. Remember Everonn, Refrex

Hemant

LAST CHANCE TO APPLY. WORTH APPLYING LOOKING AT GMP...DONT MISS THE BUS... BEST OF LUCK AND HAPPY INVESTING.

WITH YOU ALL HAPPY DEEPAVALI.

ONE WHO IS REPORTING CAMEO AS A BAD REGISTRAR IS JUST MISGIUIDING ALL AS I TOO APPLY IN VARIOUS IPOS WHERE REGISTRAR WAS CAMEO AND I GOT REFUND EVERYTIME ON TIME.

ONE WHO IS REPORTING CAMEO AS A FAKE REGISTRAR IS JUST MISGIUIDING ALL AS I TOO APPLY IN VARIOUS IPOS WHERE REGISTRAR WAS CAMEO AND I GOT REFUND EVERYTIME ON TIME.

Hi,

Investor Happy deepavali to all. Anybody can tell about
this issue if apply or not.

tata is launchin an ipo called tata technology

DEAR varun YOU 100% WRIGHT I GOT Central bank REFUND AFTER 3 MONTH

worst registrar

i will not tell u wrong words

dont apply for the ipo b coz u will block ur money b coz the registrar dont give refund on time and thn u have to waitfor long time and the company dont give proper valution and u wont get allotment .i myself have faced problem in everon and dhanus pls dont apply for cameo registrar

Apply in this IPO ,you will get the confirmed allotment.Grey market premium is also good.Happy Diwali

looking at the gmp it is worth applying and there is definate chance of allotment also. instead of putting money in religare and mudra where allotment chances are almost nil. i think better to apply in this ipo. happy investing

is this good ipo?
can i invest in this ipo?
kindly let me know

Yes i think Grey Market premium is arround 140-150.

EMPEE Distilleries (UM CAPITAL Report)

Business:

Manufacturing of Indian-made foreign liquor (IMFL).
Brands: Old Secret XXX Rum, Power XXX Rum, Power Brandy and Club Royal Whisky.
Facilities: 1) Mevaloorkuppam, in Tamil Nadu, 2) NIDA, Palakkad district, in Kerala.
Kerla and Tamilnadu are government controlled markets. In both the cases the company works through the government agencies and solely a price taker and heavily dependent on government policy

Objectives:

1) Entry in AP & Karnataka market by setting up a 60 kilo litres per day (KLPD) grain-based distillery unit at Nellore district in AP.
2) Setting up blending and bottling IMFL plant (having a capacity of 0.70 lakh cases per month) at Nellore district in AP
3) Setting up a 7.5 MW bio-mass power plant and expansion of its existing distillery plant by increasing capacity from 3.20 lakh cases to 5 lakh cases per month. (Capacity utilization of 100%).
4) Increasing the capacity of its ENA plant from 20KLPD to 70 KLPD.
5) Relocation of unit to Karnataka.
6) Developing 2 lakh sq.ft residential space in Mevalorkuppam in Tamilnadu.

Financials:

A profit making company for more than last 10 years.
The company has grown at 40% CAGR in the recent years. However it is better to speak less about the financials. As the industry is marred by heavy taxation and governed pricing (especially in Tamilnadu where EMPEE operates) things are not really worth discussing.
More of a volume business

Valuation

The company is valued at around 41 to 47 times its FY07 earnings.
Taking into account the entry into new markets and windmill power generation though on a small scale will gradually add value to the company. Company may further get carbon credits which we are not discounting as on date.
The real estate foray will be the real bonus in the times to come. The company seems serious about this business and if it goes through there will be a phenomenal rise in bottomline in FY2010. The profit per square foot is estimated at Rs 2000.
The company looks good as a takeover target for UB group.

Concerns:

Heavy dependence on government policies.
Entry of new players can add fire to the competition
You can subscribe if:
1) You are a long term investor
2) You understand momentum and willing to participate in rally post listing, if any. It is rumored that some Mumbai based operators are keen on this counter and you may see the stock offering you 50% in one month post listing. Stop loss is mandatory.
Disclosure: We do not hold any investment in this company and we do not intend to bid in the IPO as we don’t deal in alcohol.

pls dont apply we all have experienced the serivce of cameo in dhanus and everon pls dont apply many good issue coming like mundra .edlewiess,repl,nhcp dont block ur money here in fro 40 to 50 days b coz the refund comes very late here

Better chances of earning. Other issues open at the same time being more popular, you may get nil or meagre allotment.

grey market premium is expected is rs.650-725.very good ipo and alotment chances are very low.

Tata Is Launching IPO in now a days.
anybody know?

yes as ritely pointed out by many,Cameo is the worst registrar on earth,there is absolutely no gaurantee of timely return of money,I personlly had this experience in
everon,simplex and refex.you end up speaking and following up with poor security guards(after 7 is the only time ph is available).they spoiled the party lastime so when we typixcally had 4-5 good issues,Central bank,zylog following everon and simplex.
empee is a descent issue but if you are planning to use the refunds for edelwiess and relaince power defntly it is not going to happend with cameo in place