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Thursday, December 20, 2007
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IPO News
Dec 12 2007 12:00AM
BGR Energy Systems IPO ends with 110.86 times subscription
BGR Energy Systems IPO ended with 110.86 times subscription. The issue received bids for 101.27 crore share as against 91.36 lakh shares on offer. (As on 17:00 IST)

It was a 100% book building issue. The price-band of the issue was Rs 425-480 per share.

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.

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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