The Empee Distilleries IPO has not yet opened for subscription. But it has already started trading in the grey markets of Ahmedabad as well as Delhi. The Empee Distilleries IPO Grey Market Premium quoted in the Ahmedabad grey market is Rs. 110 per share of face value Rs. 10 each. The price band for the Empee Distilleries IPO has been fixed at Rs. 350 – 400 The Empee IPO will open for subscription on Thursday, November 01, 2007.