Empee Distilleries Limited IPO is going to hit the Equity markets on 1st November 2007. Empee Distilleries Limited is a Chennai based Distillery engaged in the production of Alocoholic Beverages.
Empee Distilleries will issue 48,00,000 equity shares of Rs 10 each at a price band of Rs 350 to Rs 400. Post IPO the issue will constitute 25.26 per cent of the paid up capital of the company. Empee Distilleries IPO will open for subscription on 1st of November and the issue will close for subscription on 6th November, 2007.
Details/Analysis of Empee Distilleries IPO
About Empee Distilleries Limited : The Company is part of Empee Group promoted by Mr. M P Purushothaman and his family members engaged in the manufacture of Indian Made Foreign Liquor (IMFL) . The company entered into the Beverages and Distillery Industry in the year 1984 and Empee Distilleries is now one of the major suppliers of IMFL products to the Tamil Nadu State Marketing Corporation Limited (TASMAC) and one of the top ten selling brands of IMFL 180 ML Pack.
Empee Distilleries Limited has now own IMFL products unders its portfolio like the Old Secret XXX Rum, Power XXX Rum,Empee Napoleon Premium Brandy, Empee Fine Brandy, Commando XXX Rum,Old Secret Brandy and other brands which can be referred in the draft prospectus.
The company has manufacturing facilities at Mevaloorkuppam, Kanchipuram District, Tamil Nadu and at NIDA, Kanjikode, Palakkad District, Kerala.
Financials : Empee Distilleries Profit after tax for the Year ended September 30 2006 stood at Rs 889.49 lacs and for the previous year ended 2005 stood at Rs 565.18. The company’s Proft after tax grew more than 50% year on year for the past three years based on the good sales they have done.
Objectives of the Empee Distilleries Limited IPO :Setting up of 60 KLPD Grain Based Distillery Unit at Nellore District along with Blending & Bottling IMFL Plant with a capacity of 0.70 Lakh cases per month. Setting up of 7.5 MW Bio-mass based Power Plant at Aranthangi Taluk, Pudukottai District, Tamil Nadu. Expansion of Distillery Unit situated at Mevaloorkuppam, from 20KLPD to 70KLPD.
BRLM and Registrar of the Empee IPO : Book Running Lead Manger to the Empee Distilleries IPO is Allianze Securiteis Limited and the Registrar for the IPO of Empee is Cameo Corporate Services Limited.
Post IPO, the shares of Empee Distilleries Limited will be listed on both NSE and BSE .
Along with Empee Distilleries Limited, Globus Spirits IPO is also coming soon with an IPO. The liquor sector is strong with YOY growth at over 35 percent the industry is attracting good investment.
For more Updates regarding the Empee Distilleries Limited IPO subscription details, Listing Date and Allotment updates of Empee IPO do check www.bsensedaily.com regularly.
2 comments ↓
Can we have the EPS & PE of this company after dilution. Also the comparable peers.
on listing grey market price and current book value
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