BGR Energy IPO was issued on December 5th, 2007 and closed on December 12th, 2007 by the company BGR Energy System (India) Ltd. BGR Energy IPO was issued by the company in order to use the proceeds of the issue to expand its capacity for production.
A short note on BGR Energy System (India) Ltd:
BGR Energy System (India) Ltd. was incorporated in 1985. BGR Energy System (India) Ltd. is engaged in the business of producing and selling different kinds of equipments, services and systems for power, refinery, gas & oil, and petrochemical industries
BGR Energy IPO at a glance:
BGR Energy IPO was issued on 5th December, 2007 and closed on 12th December, 2007. The total size of BGR Energy IPO is 9,136,000 equity shares of Rs. 10 each. Out of the total number of equity shares around 500,000 has been reserved for the employees of the company and about 8,636,000 have been issued to the public. The price band of BGR Energy IPO has been fixed between Rs. 425 and Rs. 480.
BGR Energy IPO was listed on the National Stock Exchange (NSE) and also on the Bombay Stock Exchange (BSE). The registrar of BGR Energy IPO was Intime Spectrum Registry Ltd. The lead managers of BGR Energy IPO were CLSA India, SBI Capital Markets, UBS Securities India, and Kotak Mahindra Capital. The minimum order quantity for BGR Energy IPO was fourteen shares. The maximum amount for subscription in BGR Energy IPO for the retail investor was Rs. 100,000.
Various reasons for issuing BGR Energy IPO are:
- To use the proceeds from the issue to expand the company's production capacity by setting up production facilities in the Middle East, India and China
- To use the proceeds from the issue to meet the company's requirements for working capital
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