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October 26, 2007

Empee Distilleries - IPO

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.

Empee Distilleries is entering the capital markets with an initial public offering, IPO of 48,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 350/- at lower level and Rs. 400/- at upper level for equity share of Rs. 10/-. The issue opens on Nov 01, 2007, and closes for subscription on Nov 06, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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