Shares of BGR Energy Systems (BGR) after receiving excellent response from investors to its IPO, will be listed on the bourses on Thursday, Jan. 3, 2008. The company has fixed the issue price at Rs 480 as against price band of Rs 425 to Rs 480 a share of Rs 10 each.
The equity shares of the company, offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). SBI Capital Markets, Kotak Mahindra Capital, UBS Securities India and CLSA India helped BGR to raise maximum of Rs 4,385.28 million via this public issue.
BGR was originally incorporated in 1985 to manufacture and sell energy products such as on- line condenser tube cleaning systems, debris filters, and rubber cleaning balls used in thermal and nuclear power plants. Presently BGR is engaged in turnkey EPC contracts for either BOP or entire power plants and industrial products, that is supply of systems and equipment such as heat exchangers, pressure vessels, condensers, high frequency resistance welded finned tubes, deaerators, and pipeline equipment used in the power, oil and gas, refinery, petrochemicals, and process industries. BGR has manufacturing facilities at Panjetty near Chennai for air-fin coolers, heat exchangers, pressure vessels, reactors, columns, surface condensers and finned tubes.
No comments:
Post a Comment