EMPEE DISTILLERIES LIMITED

(Our Company was originally incorporated as a Private Limited Company in the name of Empee Distilleries Private Limited on September 15, 1983 under the Companies Act, 1956 with the Registration Number: 10313. We subsequently changed the name of our Company to Empee Distilleries Limited with effect from December 01, 1983 under the provisions of Section 44 of the Companies Act, 1956)
Registered Office: 693, Mount Road, Chennai, Tamil Nadu - 600006; Tel: + 91 44 2829 7111; Fax: +91 44 27156231;
E-mail: [email protected]; Website: www.empeegroup.co.in.
Corporate Office: Empee Tower, 59, Harris Road, Pudupet, Chennai, Tamil Nadu - 600002; Tel: +91 44 2852 2510; Fax: +91 44 2855 5163;
Contact Person / Compliance Officer: Mr. N. S. Suryanarayanan, Company Secretary & Vice President (Corporate Affairs);
Tel: + 91 44 2852 2510; Fax: +91 44 2855 5163; Email: [email protected]

BASIS OF ALLOTMENT

The Issue was being made through the 100% Book Building Process wherein not more than 50% of the Net Issue to the Public shall be allocated on a proportionate basis to Qualified Institutional Bidders ("QIBs"), (including 5% of the QIB portion that would be specially reserved for Mutual Funds.) Further not less than 15% of the Net issue shall be available for allocation on a proportionate basis to Non-Institutional bidders and not less than 35% of the Net Issue shall be available for allocation on proportionate basis to retail individual bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 68236 applications (Before technical rejections) for 31388800 equity shares resulting in 6.54 times subscription. The details of the applications received in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual bidders are as under.

Final Demand
The summary of the final demand at different bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, The Bombay Stock Exchange Limited ("BSE") on November 16, 2007.
The final demand at different bid prices and allotment of shares in following 3 categories is as under:
A. Allotment to Retail Individual Investors (After technical rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.400/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 5.4795 times. The total number of equity shares allotted in this category is 16,84,893 Equity Shares to 51,689 successful applicants.
The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (after technical rejections)
The Basis of Allotment to the Non institutional investors, who have bid at the Issue Price of Rs 400/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.2965 times. The total number of shares allotted in this category is 720000 Equity Shares to 99 applicants. The category-wise details of the Basis of Allotment are as under:

C. Allotment to Qualified Institutional Buyers
Allocations to QIBs have been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% ot the quantum of shares available (120000.) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (2286000) on proportionate basis.

The Board, of Directors at its Meeting held at Chennai on November 16, 2007 has approved the basis of Allotment of equity shares of the Issue and have allotted the shares to various successful applicants.

The CAN cum Refund Orders, Intimation regarding Refund through electronic mode (ECS, RTGS, NEFT or Direct Credit) and allotment advice and notices are been despatched to the address of the investors as registered with the depositories by November 20, 2007. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned by November 20, 2007. The listing applications have been filed with the BSE and the NSE on November 19, 2007, the company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the Bid-cum-Application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building', No.1, Club House Road, Chennai 600 002, India
^{Tel: +91 44 2846 0390 /1989 / 0014/ 0015 /1073, Fax: +91 44 2846 0129}
Email: [email protected] Website: www.cameoindia.com

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF EMPEE DISTILLERIES LIMITED.