BGR Energy System (India) Ltd - IPO opening on Dec 05

BGR Energy System (India) Ltd is entering the capital markets with an initial public offering, IPO of 13,456,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

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.

The price band for the issue has been fixed at Rs. 425/- at lower level and Rs. 480/- at upper level for equity share of Rs. 10/-. The issue opens on Dec 05, 2007, and closes for subscription on Dec 12, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Objects of the Issue:

1. The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for Long term working capital requirements;

2. Expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East.

Public Issue Open	Dec 05 to Dec 12, 2007	Public Issue Type	100% Book Built Issue)
Public Issue Size	13,456,000 Equity Shares of Rs. 10/-	Public Issue Price	Rs. 425/- to Rs. 480/- Per Equity Share
Listing At	BSE, NSE
Lead Manager(s)	SBI Capital Markets, Kotak Mahindra Capital, UBS Securities India and CLSA India	Registrar	Intime Spectrum Registry Ltd