BGR Energy IPO Analysis and Review
November 26, 2007
BGR Energy Systems IPO is ready to enter the capital markets with an IPO of 9.14 million equity shares out of which 4.82 million shares are diluted by the founders of the company. BGR IPO Pricing is fixed in between Rs. 425 to Rs. 480 per share and the issue starts for subscription on December 9th, 2007. The company is a energy equipment supplier and the company supplies equipment to major power companies, the company has plans to use the proceeds raised from the BGR IPO to set up Energy equipment manufacturing plants in India, Middle East and China. BGR Energy Systems IPO subscription closes on 12th December, 2007 and BRLM’s to the public offer are SBI Capital Markets Limited, Kotak Mahindra,UBS Securities and CLSA India Limited. Energy sector being the very favored sector now by the investors, BGR Energy IPO should also be over subscribed very well and investors can apply in this issue with long term view as the sector itself will do good in the coming years. More information regarding the BGR Energy IPO over subscription details, Allotment and listing dates will be updated here regularly so keep checking us for BGR IPO.
Posted in IPO-Subscription, Indian IPOs
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December 5th, 2007 at 11:32 am
Could anyone tell me the chances of allotment of this issue if I apply for about near Rs. 1 lakh (exactly Rs. 94080, i.e. 14 lots).I am sking this because i see that the issue size is comparatively small and my money will be held up for 20 or so days.