BGR Energy Systems IPO
BGR Energy Systems IPO — date, price band, lot size & details 2007
BGR Energy Systems listed on 3 Jan 2008 at ₹840, 75% above the ₹480 issue price.
BGR Energy Systems is a Chennai area engineering company that supplies equipment and turnkey services to the power and oil and gas industries. Its total income was Rs 790.28 crore in the 18 months to March 2007.
Stock price
BGR Energy Systems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 05 Dec 2007
- Close 12 Dec 2007
- Allotment 24 Dec 2007
- Refund/credit TBA
- Listing 03 Jan 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 12 Dec, 2007 |
|---|---|
| Price Band | ₹425 – ₹480 |
| Face Value | ₹10 |
| Lot Size | 14 Shares |
| Issue Size | ₹438.53 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,720 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 14 shares at the ₹480 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 14 | ₹6,720 |
| Retail (max) | 29 | 406 | ₹1,94,880 |
| S-HNI (min) | 30 | 420 | ₹2,01,600 |
| S-HNI (max) | 148 | 2,072 | ₹9,94,560 |
| B-HNI (min) | 149 | 2,086 | ₹10,01,280 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income was Rs 790.28 crore in the 18 months to March 2007, against Rs 299.13 crore in the year to September 2005.
- 02Profit after tax was Rs 39.96 crore in the 18 months to March 2007 and Rs 17.48 crore in the three months to June 2007.
- 03Net worth rose from Rs 43.62 crore in September 2005 to Rs 99.41 crore in June 2007.
- 04Return on net worth was 39%.
Risks · 5
- 01Its year end changed, so the 18 month FY2007 cannot be compared directly with earlier 12 month years.
- 02Rs 214.50 crore of the issue was for long term working capital, as large power projects tie up cash.
- 03Total assets rose to Rs 727.96 crore by June 2007, against net worth of Rs 99.41 crore, so it relied on outside funds and customer advances.
- 04Rs 231.17 crore of the issue went to selling shareholders.
- 05The promoter group held 100% before the issue and 81.31% after it.
Three years of numbers
All figures in ₹ crore, as reported in the BGR Energy Systems offer document.
| Metric | 30 Jun 2007 | 31 Mar 2007 | 30 Sep 2005 |
|---|---|---|---|
| Assets | 727.96 | 625.38 | 215.85 |
| Total Income | 244.52 | 790.28 | 299.13 |
| Profit After Tax | 17.48 | 39.96 | 13.55 |
| NET Worth | 99.41 | 82.92 | 43.62 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the BGR Energy Systems RHP.
Where the money goes
₹317.10 Cr of the issue is earmarked to named objects.
About the company
In 1993 B. G. Raghupathy and his family became its only shareholders and widened its products and services for the power and oil and gas industries.
On 28 June 2007 it changed its name from GEA Energy System (India) Limited to BGR Energy Systems. It changed its year end from September to March, so its FY2007 covered 18 months.
The IPO was Rs 438.53 crore, with Rs 207.36 crore of fresh issue and Rs 231.17 crore of offer for sale, at Rs 480, the top of the Rs 425 to Rs 480 band. The fresh money was mainly for long term working capital and new factories in India, China and the Middle East.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
BGR Energy Systems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Ubs Securities India Private Limited
22 issues handledBest listing: Simplex Projects (+75.0%). Weakest: Bharti Infratel (-9.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of BGR Energy Systems?
The current Grey Market Premium is ₹0.
What is the BGR Energy Systems IPO price band?
₹425 to ₹480, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 December 2007, with listing on 3 January 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
