BGR Energy IPO subscribed fully on day one ~ IPO India: IPO News India, Latest IPO News from Share Market India, Indian IPO News

Thursday, December 6, 2007

BGR Energy IPO subscribed fully on day one

The IPO of BGR Energy Systems was fully subscribed on the very first day of the opening today. The company is a supplier of systems and equipment for the power, oil & gas, refinery, petrochemical and process industries, and a provider of turnkey engineering project services engaged in engineering, manufacturing, procuring, constructing and commissioning projects in the power and oil & gas sectors.

The company’s public issue of 9,136,000 equity shares of Rs 10 each in the price band of Rs 425 to Rs 480 closes on December 12, 2007.

SBI Capital Markets Ltd, Kotak Mahindra Capital Company Ltd, UBS Securities India Private Ltd and CLSA India Ltd are the book running lead managers for the issue.

Source: Moneycontrol.com

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