BGR Energy Systems shares up 75% on debut
BGR Energy Systems shares up 75% on debut
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.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!