BGR Energy Systems Ltd IPO Subscribed 61.62 times

The Initial Public Offering of BGR Energy Systems Ltd has evoked good response from investors with the issue receiving 61.62 times subscription till 3 PM on 12-December-2007.

The IPO opened for subscription by investors on December 5, 2007 and closes for subscription today December 12, 2007.

The issue has received total bids for 562953580 equity shares against the offer of 9136000 equity shares. The issue has also received bids for 46486104 equity shares at cut-off price.

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.

Source : Equity Bulls

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