Empee IPO Details

Issue Open Nov 1, 2007
Issue Close Nov 6, 2007
IPO Price ₹400
Face Value ₹10
IPO Size ₹192.00 Cr
Listing At BSE, NSE
IPO Lot Size 15

EMPEE DISTILLERIES LIMITED

(Our Company was originally incorporated as a Private Limited Company in the name of Empee Distilleries Private Limited on September 15, 1983 under the Companies Act, 1956 with the Registration Number: 10313. We subsequently changed the name of our Company to Empee Distilleries Limited with effect from December 01, 1983 under the provisions of Section 44 of the Companies Act, 1956)
Registered Office: 693, Mount Road, Chennai, Tamil Nadu - 600006; Tel: + 91 44 2829 7111; Fax: +91 44 27156231;
E-mail: info@empeegroup.co.in; Website: www.empeegroup.co.in.
Corporate Office: Empee Tower, 59, Harris Road, Pudupet, Chennai, Tamil Nadu - 600002; Tel: +91 44 2852 2510; Fax: +91 44 2855 5163;
Contact Person / Compliance Officer: Mr. N. S. Suryanarayanan, Company Secretary & Vice President (Corporate Affairs);
Tel: + 91 44 2852 2510; Fax: +91 44 2855 5163; Email: ipo@empeegroup.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 48,00,000 EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS. 400/- PER EQUITY SHARE FOR CASH AT A PREMIUM OF RS.390 PER EQUITY SHARE AGGREGATING RS. 19200 LAKHS. THE ISSUE SHALL CONSTITUTE 25.26% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 400 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.
THE ISSUE PRICE IS 40 TIMES OF THE FACE VALUE OF RS 10. EACH

The Issue was being made through the 100% Book Building Process wherein not more than 50% of the Net Issue to the Public shall be allocated on a proportionate basis to Qualified Institutional Bidders ("QIBs"), (including 5% of the QIB portion that would be specially reserved for Mutual Funds.) Further not less than 15% of the Net issue shall be available for allocation on a proportionate basis to Non-Institutional bidders and not less than 35% of the Net Issue shall be available for allocation on proportionate basis to retail individual bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 68236 applications (Before technical rejections) for 31388800 equity shares resulting in 6.54 times subscription. The details of the applications received in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual bidders are as under.

Category No. of Applications No. of Shares Subscription (No. of Times)
Retail Bidders 68,082 93,53,365 5.57
Non Institutional Bidders 115 9,95,760 1.38
Qualified Institutional Bidders 39 2,10,39,675 8.77
TOTAL 68,236 3,13,88,800 6.54

Final Demand
The summary of the final demand at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
350 121020 0.36 33198375 100.00
351 225 0.00 33077355 99.64
352 30 0.00 33077130 99.63
353 30 0.00 33077100 99.63
355 1950 0.01 33077070 99.63
360 2760 0.01 33075120 99.63
361 120 0.00 33072360 99.62
365 1470 0.00 33072240 99.62
366 120 0.00 33070770 99.62
369 30 0.00 33070650 99.62
370 4740 0.01 33070620 99.62
371 255 0.00 33065880 99.60
372 30 0.00 33065625 99.60
373 1350 0.00 33065595 99.60
375 94545 0.28 33064245 99.60
376 1275 0.00 32969700 99.31
377 75 0.00 32968425 99.31
378 15 0.00 32968350 99.31
380 11715 0.04 32968335 99.31
385 1245 0.00 32956620 99.27
387 1305 0.00 32955375 99.27
388 255 0.00 32954070 99.26
389 135 0.00 32953815 99.26
390 5205 0.02 32953680 99.26
391 225 0.00 32948475 99:25
392 2310 0.01 32948250 99.25
394 240 0.00 32945940 99.24
395. 1620 0.00 32945700 99.24
396 45 0.00 32944080 99.23
397 15 0.00 32944035 99.23
398 15 0.00 32944020 99.23
400 & Cutoff 32944005 99.23 32944005 99.23

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, The Bombay Stock Exchange Limited ("BSE") on November 16, 2007.
The final demand at different bid prices and allotment of shares in following 3 categories is as under:
A. Allotment to Retail Individual Investors (After technical rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.400/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 5.4795 times. The total number of equity shares allotted in this category is 16,84,893 Equity Shares to 51,689 successful applicants.
The category-wise details of the Basis of Allotment are as under:

Category No. of Applications % to total Total No. of Shares applied % to total No.of Shares Allocated Ratio Total No .of Shares Allocated
15 10119 15.16 151785 1.65 15 23:126 27705
30 6186 9.27 185580 2.02 15 23:63 33870
45 3779 5.66 170055 1.85 15 23:42 31035
60 3640 5.45 218400 2.37 15 27:37 39855
75 2035 3.05 152625 1.66 15 73:80 27855
90 1640 2.46 147600 1.60 16 FIRM 26240
105 1600 2.40 168000 1.82 19 FIRM 30400
120 6047 9.06 725640 7.88 22 FIRM 133034
135 1012 1.52 136620 1.48 25 FIRM 25300
150 1564 2.34 234600 2.55 27 FIRM 42228
165 295 0.44 48675 0.53 30 FIRM 8850
180 445 0.67 80100 0.87 33 FIRM 14685
195 249 0.37 48555 0.53 36 FIRM 8964
210 273 0.41 57330 0.62 38 FIRM 10374
225 682 1.02 153450 1.67 41 FIRM 27962
240 27194 40.73 6526560 70.90 44 FIRM 1196536

B. Allotment to Non Institutional Investors (after technical rejections)
The Basis of Allotment to the Non institutional investors, who have bid at the Issue Price of Rs 400/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.2965 times. The total number of shares allotted in this category is 720000 Equity Shares to 99 applicants. The category-wise details of the Basis of Allotment are as under:

Category No.of Applications % to total Total No. of Shares applied % to total No. of Shares Allocated Ratio Total No .of Shares Allocated
255 12 12.12 3060 0.33 197 FIRM 2364
270 1 1.01 270 0.03 208 FIRM 208
300 6 6.06 1800 0.19 231 FIRM 1386
315 1 1.01 315 0.03 243 FIRM 243
375 1 1.01 375 0.04 289 FIRM 289
420 1 1.01 420 0.04 324 FIRM 324
450 1 1.01 450 0.05 347 FIRM 347
750 3 3.03 2250 0.24 578 FIRM 1734
810 1 1.01 810 0.09 625 FIRM 625
990 4 4.04 3960 0.42 764 FIRM 3056
1005 2 2.02 2010 0.22 775 FIRM 1550
1050 1 1.01 1050 0.11 810 FIRM 810
1200 6 6.06 7200 0.77 926 FIRM 5556
1230 1 1.01 1230 0.13 949 FIRM 949
1245 8 8.08 9960 1.07 960 FIRM 7680
1260 1 1.01 1260 0.13 972 FIRM 972
1350 2 2.02 2700 0.29 1041 FIRM 2082
1500 5 5.05 7500 0.80 1157 FIRM 5785
1740 1 1.01 1740 0.19 1342 FIRM 1342
1800 3 3.03 5400 0.58 1388 FIRM 4164
2100 1 1.01 2100 0.22 1620 FIRM 1620
2400 2 2.02 4800 0.51 1851 FIRM 3702
2430 1 1.01 2430 0.26 1874 FIRM 1874
2505 4 4.04 10020 1.07 1932 FIRM 7728
2745 1 1.01 2745 0.29 2117 FIRM 2117
3495 1 1.01 3495 0.37 2696 FIRM 2696
3600 1 1.01 3600 0.39 2777 FIRM 2777
4245 1 1.01 4245 0.45 3274 FIRM 3274
4995 3 3.03 14985 1.61 3853 FIRM 11559
5010 1 1.01 5010 0.54 3864 FIRM 3864
5250 1 1.01 5250 0.56 4049 FIRM 4049
6240 1 1.01 6240 0.67 4813 FIRM 4813
6525 1 1.01 6525 0.70 5033 FIRM 5033
7500 1 1.01 7500 0.80 5785 FIRM 5785
8745 1 1.01 8745 0.94 6745 FIRM 6745
9000 1 1.01 9000 0.96 6942 FIRM 6942
9990 1 1.01 9990 1.07 7705 FIRM 7705
10005 1 1.01 10005 1.07 7717 FIRM 7717
10500 1 1.01 10500 1.12 8099 FIRM 8099
12495 1 1.01 12495 1.34 9637 FIRM 9637
24990 3 3.03 74970 8.03 19275 FIRM 57825
25005 1 1.01 25005 2.68 19287 FIRM 19287
40005 1 1.01 40005 4.29 30856 FIRM 30856
49995 2 2.02 99990 10.71 38562 FIRM 77124
50100 1 1.01 50100 5.37 38642 FIRM 38642
62490 2 2.02 124980 13.39 48199 FIRM 96398
75000 1 1.01 75000 8.03 57848 FIRM 57848
249990 1 1.01 249990 26.78 192818 FIRM 192818

C. Allotment to Qualified Institutional Buyers
Allocations to QIBs have been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% ot the quantum of shares available (120000.) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (2286000) on proportionate basis.

Category Fls/Banks MFs Flls Insurance Companies VCs Total
No. of Shares 1,08,986 2,68,219 19,88,791 - 34,004 24,00,000

The Board, of Directors at its Meeting held at Chennai on November 16, 2007 has approved the basis of Allotment of equity shares of the Issue and have allotted the shares to various successful applicants.

The CAN cum Refund Orders, Intimation regarding Refund through electronic mode (ECS, RTGS, NEFT or Direct Credit) and allotment advice and notices are been despatched to the address of the investors as registered with the depositories by November 20, 2007. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned by November 20, 2007. The listing applications have been filed with the BSE and the NSE on November 19, 2007, the company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the Allotment made are hosted on the website of Registrars to the Issue, Cameo Corporate Services Limited at www.cameoindia.com

All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the Bid-cum-Application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building', No.1, Club House Road, Chennai 600 002, India
Tel: +91 44 2846 0390 /1989 / 0014/ 0015 /1073, Fax: +91 44 2846 0129
Email: investor@cameoindia.com Website: www.cameoindia.com

Place : Chennai
Date : 21.11.2007
For Empee Distilleries Limited
Sd/-
M.P. Purushothaman
Chairman & Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF EMPEE DISTILLERIES LIMITED.

Empee IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Empee IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Empee IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Empee IPO basis of allotment status?

    The Empee IPO basis of allotment (published above) tells you how shares are allocated to you in Empee IPO and category wise demand of IPO share.

    Visit the Empee IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Empee IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Empee IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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