BGR Energy Systems Ltd IPO Subscribed 119.54 times

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The Initial Public Offering of BGR Energy Systems Ltd has evoked good response from investors with the issue receiving 119.54 times subscription till 10:30 PM on 12-December-2007.

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

The issue has received total bids for 1092152544 equity shares against the offer of 9136000 equity shares. The issue has also received bids for 115888374 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received excellent response garnering subscription of 161.6744 times with bids for 837731944 equity shares against the offer of 5181600 equity shares.

The Non Institutional Investors portion has received bids for 132201244 equity shares against the offer of 863600 shares resulting in a subscription of 153.0816 times.

The Retail Individual Investors (RIIs) portion has received subscription of 46.8934 times with bids for 121491370 equity shares against the offer of 2590800 equity shares. The Employee Reservation has received subscription of 1.4560 times with bids for 727986 equity shares against the offer of 500000 equity shares.

Source: Equity Bulls

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