Empee Distilleries Ltd IPO Opens for Subscription on November 1, 2007

The Initial Public Offering (IPO) of Empee Distilleries Ltd opens for subscription by investors on November 1, 2007. The company has come out with an Initial Public Offering (IPO) of 48,00,000 equity shares of Rs.10 each for cash at a price band of Rs.350 to Rs.400 per share for cash aggregating Rs.192 Crores. The Issue will constitute 25.26% of the post issue paid-up capital of the company.

The IPO opens for subscription on Thursday - November 1, 2007 and closed on Tuesday - November 6, 2007.

The Issue comprises of a reservation of 2400000 equity shares allocated for Qualified Institutional Buyers (QIBs), 720000 equity shares for Non Institutional Investors and 1680000 equity shares for Retail Individual Investors (RIIs).

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book Running Lead Manager to the issue is Almondz Global Securities Ltd. Cameo Corporate Services Ltd is the Registrar to the issue.

Click Here to view the website of Empee Distilleries Ltd

Click Here to view the prospectus of Empee Distilleries Ltd

Source : Equity Bulls

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