Friday, November 23, 2007

BGR Energy Systems Limited IPO is Coming in December

By Bullish Indian

BGR Energy Systems Limited is coming out with an IPO through the book building route. The IPO issue size of BGR Energy Systems Limited IPO is around 700-800 crores making it one of the larger IPO’s to hit the Indian markets this year. BGR Energy Systems Limited has filed the draft red herring prospectus (DRHP) with SEBI for the IPO. BGR Energy Systems Limited was previously known as GEA Energy System (India) Pvt Ltd. BGR Energy Systems Limited will use the proceeds of the IPO to set up manufacturing plants in the Mundra multi-product SEZ, in Bahrain International Investment Park and in Langfang, China. If the markets continue to remain buoyant, BGR Energy Systems IPO is expected to open for subscription in the month of November.

Source : bullishindian.com