Issue opens on 9 December 2007
BGR Energy Systems which makes energy equipment has set Rs 425 to Rs 480 per share price band for its initial public offer (IPO). The 9.14 million share issue would constitute a fresh offer of 4.32 million shares and sale of 4.82 million shares by promoters.
The offer opens on 9 December 2007 and closes on 12 December 2007. BGR plans to use the money to set up plants in India, China and the Middle East.