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bgr_energy •
IPO •
ipo_listingBGR Energy Systems Limited IPO listing date on Thursday, January 3, 2008
BSE Script Code: 532930
NSE Symbol: BGRENERGY
The IPO Issue Price: Rs 480/- Per Equity Share
Itas expected to list at 900 rs and above
BGR Energy Systems Limited IPO closed on December 12, 2007 with Transformers and Rectifiers IPO which came out with allotment status yesterday .BGR Energy IPO was oversubscribed by 119.54 times and 46.8934 times on the retail side.
Check the Allotment status here.
BGR Energy IPO allotment – Pure lottery based retail subscribed by 47 times , i was expecting bgr to be subscribed more on the retail side than tril but on the end its different .
Total Issue Size 9136000
Total Bids Received 1092152544
Total Bids Received at Cut-off Price 115888374
No. of times issue is subscribed 119.54
SubDivision
1 Qualified Institutional Buyers (QIBs) 5181600 837731944 161.6744
2 Non Institutional Investors 863600 132201244 153.0816
3 Retail Individual Investors (RIIs) 2590800 121491370 46.8934
4 Employee Reservation 500000 727986 1.4560
BGR Energy oversubscribed by 113 times and retail figure is not yet known it should be some where around 25 times.
Total Issue Size 9136000
Total Bids Received 1038610524
Total Bids Received at Cut-off Price 96071024
No. of times issue is subscribed 113.68
BGR energy IPO oversubscribed by 24.11 at 1.00 clock on the closing day , this saw almost 14 times yesterday not much of a increase like tril , but retail is the one which will tell us how much we will get we will know that by evening .
BGR Energy Systems was subscribed 12.73 times on fifth day. The issue received bids for 11.62 crore shares as against 91.36 lakh shares on offer.Retail side its subscribed by 5.81 times which is considered high on the last but 1 day.
Total Issue Size 9136000
Total Bids Received 116275768
Total Bids Received at Cut-off Price 14157822
No. of times issue is subscribed 12.73
BGR Energy subscribed by 4.5 times on the end of 6th day , 2 more days to go for sure this will subscribe by more than 50 to 75 times so retailers please apply to the maximum limit of 196 lot which is coming to like 94080 rs.
Total Issue Size 9136000
Total Bids Received 41130768
Total Bids Received at Cut-off Price 4594758
No. of times issue is subscribed 4.50
Retail side has subscribed by 1.92 times.
BGR Energy Systems was subscribed 3.05 times on second day. The issue received bids for 2.78 crore shares as against 91.36 lakh shares on offer. It is a 100% book building issue. The price-band of the issue has been fixed at Rs 425-480 per share. We have weekedn and 2 more days for the issue to close.
BGR energy system IPO oversubscribed by 1.13 times on the first day , this is looking good on the first day , but there is too many IPo that us open in 2 weeks if December , so we will see how much is invested in this.
Symbol – Series BGR EQ
Issue Period December 05, 2007 to December 12, 2007
Issue Size 9136000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs 425 TO Rs 480
Tick Size Re. 1/-
Market Lot 14 shares
Minimum Order Quantity 14 shares
Maximum Subscription Amount for Retail Investor Rs.100000
About BGR Energy
The Company was originally incorporated in 1985, as a joint venture between GEA Energietechnik GmbH, Germany and our Promoter, Mr. B.G. Raghupathy, to produce and sell on-line condenser tube cleaning systems, debris filters and rubber cleaning balls used in thermal and nuclear power plants. In 1993 Mr. B.G. Raghupathy and members of his family became the sole shareholders of the Company and began to expand our range of product and services range in the power and oil and gas industries. On June 28, 2007 they changed the name from GEA Energy System (India) Limited, to BGR Energy Systems Limited.
About BGR Energy IPO
BGR Energy Systems which makes energy equipment has set Rs 425 to Rs 480 per share price band for its initial public offer (IPO). The 9.14 million share issue would constitute a fresh offer of 4.32 million shares and sale of 4.82 million shares by promoters.
Issue Date
Opens on 9 December 2007 and closes on 12 December 2007.
Purpose of the Issue
BGR plans to use the money to set up plants in India, China and the Middle East.
Financials
Profit as gone up from 13 crore to 39 crore over 2 years from 2005 march to 2007 march
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