Empee Distilleries IPO receives 6.87 times subscription

The Initial Public Offering (IPO) of Empee Distilleries Limited has received average response from investors with the issue receiving 6.87 times subscription till 6 PM on 6-Nov-2007. The Issue opened for subscription on November 1, 2007 and closed for subscription today - November 6, 2007.

The company has received bids for 32962425 equity shares against the offer of 4800000 shares. The issue has received bids for 9802335 shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received subscription of 8.7668 times with bids for 21040395 shares against the offer of 2400000 shares.

The Non Institutional Investors portion has received bids for 1660200 shares against the offer of 720000 shares resulting in a subscription of 2.3058 times.

The Retail Individual Investors (RIIs) portion has received subscription of 6.1082 times with bids for 10261830 shares against the offer of 1680000 shares.

Source : Equity Bulls

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