BGR Energy Systems Ltd had filed the DRHP with SEBI on 6th August 2007 for a total public issue of 13,456, 000 equity shares of Rs10 each of which, it is making a fresh issue of 72,00,000 equity shares of Rs.10 each and is also making an offer for sale of 62,56,000 equity shares by two promoters of the company. The entire funds are to be raised via the book building route. The BRLMs to the issue are SBI Capital Markets, Kotak Mahindra Capital, UBS and CLSA India.
The company started off mainly providing power contracts and turnkey balance for power plants. And now it has shifted its focus area on engineering, procurement and construction services for power plants, providing all under one roof. The company has two manufacturing facilities at Panjetty, Chennai, and Pannamgadu,
Originally incorporated in 1985, it was a joint venture between GEA Energetechnik GmbH,
It has executed several BOP power projects within
The objects of the issue is to expand its production base by setting up a facility in Mundra SEZ, estimated to cost Rs.27.19 crore, another facility on
For the year ended