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Friday, December 14, 2007
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IPO News
Dec 11 2007 12:00AM
BGR Energy Systems subscribed 4.50 times on day 4
BGR Energy Systems was subscribed 4.50 times on fourth day. The issue received bids for 4.11 crore shares as against 91.36 lakh shares on offer.

It is a 100% book building issue. The price-band of the issue has been fixed at Rs 425-480 per share. The issue will close on 12 December 2007.

BGR Energy Systems plans to utilise the net proceeds to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East.

The 9.14 million share issue would constitute a fresh offer of 4.32 million shares and sale of 4.82 million shares by promoters.

BGR Energy Systems, a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.|

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
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