BGR Energy Systems Limited IPO to open on December 5, 2007

The Initial Public Offering (IPO) of BGR Energy Systems Limited opens for subscription by investors on December 5, 2007.

The company is coming out with an IPO of 13,456,000 Equity Shares of Rs.10 each for cash at a price band of Rs 425 to Rs 480 through 100% Book Building Process. The Issue comprises a fresh issue of 7,200,000 equity shares and an offer for sale of 6,256,000 equity shares by existing shareholders. The Issue comprises a net issue to the public of 12,956,000 equity shares and a reservation for eligible employees of upto 500,000 equity shares.

The issue would constitute 18.69% of the fully diluted post issue paid-up capital of the company. The Net issue to the public would constitute 18% of the paid up equity share capital of the company.

The IPO closes for subscription by investors on December 12, 2007.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Intime Spectrum Registry Limited is the registrar to the issue.

SBI Capital Markets Limited, Kotak Mahindra Capital Company Ltd, UBS Securities India Pvt Ltd and CLSA India Ltd are the Book Running Lead Managers to the issue.

Click Here to view BGR Energy Systems Limited Website.

Click Here to view BGR Energy Systems Limited IPO Prospectus.

Source : Equity Bulls

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