Empee Distilleries Listing turns red to investors

November 26, 2007

Empee Distilleries, a chennai based liquor manufacturer got listed today at the exchanges, the issue had a very rough day with the issue opening at Rs. 489 in the initial trades and then going down to touch an intra-day low of Rs. 301 to close at Rs.317.90 on the BSE. Empee Distilleries IPO was offered at a price of Rs. 400 and investors who have recieved the allotment can hold in this issue for a medium term as the stock has the potential to reach around Rs. 600 in the short term.

Posted in IPO-Listing