IPO Trends : Apply for BGR Energy

Thebullishtrends : BGR Energy Sys is entering into IPO market on 5th Nov'07 by offering 9,136,000 equity shares by book building process of face value of Rs.10 share with a price band of Rs.425-480 for mobilising Rs.345.60 crore. The issue money will utilise on to augment long term working capital requirements,expand production capacity by establishing additional manufacturing facilities in India, China and in Middle East. It involves two types of business supply of systems and equipment and turnkey engineering project contracting.

The company prospects in long run very encouraging. After considering all financial and future growth parameters of BGR Energry Sys . We consider that it is a very good issue. You can apply for better gains in this IPO.