BGR Energy Systems shares up 75% on debut

BGR Energy Systems shares up 75% on debut
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First Published: Thu, Jan 03 2008. 10 05 AM IST
Updated: Thu, Jan 03 2008. 10 05 AM IST
Mumbai: Shares in energy equipment supplier BGR Energy Systems made their debut on Thursday at Rs840 a share on the NSE, 75% higher from the issue price of Rs480.
The shares were trading at Rs875 at 9.56 a.m. on the NSE after touching a high of Rs888.
The 9.14-million-share offer comprises a fresh offer of 4.32 million shares and sale of 4.82 million shares by the founders.
BGR Energy Systems plans to use the funds for setting up plants in India, China and the Middle East.
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First Published: Thu, Jan 03 2008. 10 05 AM IST