BGR Energy Subscribed 119 Times

The IPO of BGR Energy for which we have a Subscribe Recommendation is heavily subscribed until 11:00PM on the final closing day.

At 11:00 PM the Retail Individual category was subscribed 46.89 times. This means the fate of all applications of 196 shares / Rs 94080 will be decided by lottery. We will be updating as we receive fax or SMS from Mumbai.

Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 5181600 837731944 161.6744

2 Non Institutional Investors 863600 132201244 153.0816

3 Retail Individual Investors (RIIs) 2590800 121491370 46.8934

Allotment for Rs 100,000 application will be in the ratio of 3:10. The status of BGR Energy IPO Allotment can be checked here approximately by Dec-27. The Grey Market Premium has shot up and is now at Rs 410-425.