BGR Energy Systems Ltd IPO Subscribed 12.73 times

The Initial Public Offering of BGR Energy Systems Ltd has evoked good response from investors with the issue receiving 12.73 times subscription till 5 PM on 11-December-2007.

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

The issue has received total bids for 116275768 equity shares against the offer of 9136000 equity shares. The issue has also received bids for 14157822 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received excellent response garnering subscription of 18.9643 times with bids for 98265608 equity shares against the offer of 5181600 equity shares.

The Non Institutional Investors portion has received bids for 2940812 equity shares against the offer of 863600 shares resulting in a subscription of 3.4053 times.

The Retail Individual Investors (RIIs) portion has received subscription of 5.8151 times with bids for 15065722 equity shares against the offer of 2590800 equity shares. The Employee Reservation has received subscription of 0.0073 times with bids for 3626 equity shares against the offer of 500000 equity shares.

Source : Equity Bulls

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