Bookbuilding IPO | ₹439 Cr | Listed at BSE, NSE | Wed, Dec 5, 2007 - Wed, Dec 12, 2007
BGR Energy Systems IPO is a book build issue of ₹438.53 crores. The issue is a combination of fresh issue of 0.43 crore shares aggregating to ₹207.36 crores and offer for sale of 0.48 crore shares aggregating to ₹231.17 crores.
BGR Energy Systems IPO bidding started from Dec 5, 2007 and ended on Dec 12, 2007. The shares got listed on the NSE and the BSE on Jan 3, 2008.
BGR Energy Systems IPO is set final issue price at ₹480 per share. The lot size for an application is 14 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,720 (14 shares) (based on upper price). The lot size investment for sNII is 30 lots (420 shares), amounting to ₹2,01,600, and for bNII, it is 149 lots (2,086 shares), amounting to ₹10,01,280.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to BGR Energy Systems IPO RHP for detailed Information.
IPO Open
Wed, Dec 5, 2007
IPO Close
Wed, Dec 12, 2007
Issue Price
₹480 per share
Market Cap (Pre-IPO)
₹3,456.00 Cr
| IPO Date | 5 to 12 Dec, 2007 |
| Listed on | Thu, Jan 3, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹425 to ₹480 |
| Issue Price | ₹480 per share |
| Lot Size | 14 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 91,36,000 shares (agg. up to ₹439 Cr) |
| Fresh Issue | 43,20,000 shares (agg. up to ₹207 Cr) |
| Offer for Sale | 48,16,000 shares of ₹10 (agg. up to ₹231 Cr) |
| Share Holding Pre Issue | 6,48,00,000 shares |
| Share Holding Post Issue | 7,20,00,000 shares |
| BSE Script Code / NSE Symbol | 532930 / BGRENERGY |
| ISIN | INE661I01014 |
BGR Energy Systems IPO comprises a total issue size of 91,36,000 shares. The net offer to the public is 86,36,000 shares, after excluding 5,00,000 shares under a preferential allotment. Of the Net offer 51,81,600 (60.00%) are allocated to QIB, 8,63,600 (10.00%) allocated to NII 25,90,800 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 51,81,600 | 60.00% | 56.72% | NA |
| NII (HNI) Shares Offered | 8,63,600 | 10.00% | 9.45% | NA |
| Retail Shares Offered | 25,90,800 | 30.00% | 28.36% | 1,85,057 |
| Preferential Reservations | ||||
| Employee Shares Offered | 5,00,000 | 5.47% | NA | |
| Total Shares Offered | 91,36,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 14 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹6,720 |
| Retail (Max) | 29 | 406 | ₹1,94,880 |
| S-HNI (Min) | 30 | 420 | ₹2,01,600 |
| S-HNI (Max) | 148 | 2,072 | ₹9,94,560 |
| B-HNI (Min) | 149 | 2,086 | ₹10,01,280 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1985, BGR Energy System (India) Ltd is an India based company involve in manufacturing and selling a range of equipment, systems and services to the power and process industries.
BGR Energy Systems consists of seven complementary businesses, including:
1. Power projects business, which provides turnkey EPC and BOP services for coal-based thermal power plants and gas-based combined cycle power plants typically over 100 megawatts.
2. Captive power projects business, which provides turnkey EPC and BOP services for power plants typically under 100 MW.
3. Oil and gas equipment business, which designs and manufactures gas conditioning & metering skids, storage tanks, pipeline pig launching & receiving systems, gas processing complexes and gas compressor packages related to the oil and gas industry for companies in India and abroad.
4. Air fin coolers business, which manufactures products designed to cool process fluids and gases used in the refining, petrochemical, and oil and gas industries.
5. Environmental engineering business, which manufactures and provides deaerators and other products to treat water used in the operation of various types of power and utility plants and also provides industrial effluent treatment plants.
6. Electrical projects business, which supplies electrical systems and equipment such as gas insulated switchgear substations, optical fiber power ground wires, extra high voltage substations and transmission lines to power stations, refineries and petrochemical plants.
7. Infrastructure business, which is capable of building roads and industrial buildings.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment long-term working capital requirements | 214.50 |
| 2 | Expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East | 82.60 |
| 3 | Fund expenditure for general corporate purposes | 20.00 |
| Total | 317.10 |
| KPI | |
|---|---|
| RoNW | 39% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 81.31% |
| Market Cap | ₹3,456.00 Cr. |
The BGR Energy IPO is subscribed 119.54 times on December 12, 2007 5:00:00 PM (Day 6). The public issue subscribed 46.89 times in the retail category, 161.67 times in the QIB category, and 153.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 15.10 |
| 2 | Advertising and Marketing expenses | 4.42 |
| 3 | Printing and stationery expenses | 5.31 |
| 4 | Others (IPO Grading Fees, Registrars fee, legal fee, Monitoring agency fees etc.) | 4.95 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹480.00 | ₹480.00 |
| Open | ₹801.00 | ₹840.00 |
| Low | ₹801.00 | ₹840.00 |
| High | ₹940.00 | ₹922.70 |
| Last Trade | ₹901.30 | ₹901.45 |
BGR Energy Systems IPO is a main-board IPO of 91,36,000 equity shares of the face value of ₹10 aggregating up to ₹439 Crores. The issue is priced at ₹480 per share. The minimum order quantity is 14.
The IPO opens on Wed, Dec 5, 2007, and closes on Wed, Dec 12, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in BGR Energy Systems IPO using UPI as a payment gateway. Zerodha customers can apply in BGR Energy Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BGR Energy Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BGR Energy Systems IPO opens on Wed, Dec 5, 2007 and closes on Wed, Dec 12, 2007.
BGR Energy Systems IPO lot size is 14, and the minimum amount required for application is ₹6,720.
You can apply in BGR Energy Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for BGR Energy Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the BGR Energy Systems IPO allotment status.
The BGR Energy Systems IPO listing date is on Thu, Jan 3, 2008.
