Ellenbarrie Industrial Gases Unveils IPO Details: A Lucrative Investment Opportunity
Ellenbarrie Industrial Gases plans a Rs 852-crore IPO, opening June 24-26, with a price band of Rs 380-400 per share. The IPO comprises a Rs 400 crore fresh issue and a Rs 452.53 crore offer for sale. Funds will reduce debt and expand operations, with significant revenue and profit growth reported.
- Country:
- India
Ellenbarrie Industrial Gases has announced the price band for its anticipated initial public offering (IPO), set at Rs 380-400 per share, seeking to raise a substantial Rs 852 crore.
The public issue, a blend of a fresh issue of Rs 400 crore and an offer for sale of 1.13 crore shares by promoters, will open from June 24 to June 26.
The proceeds aim to reduce debt, fund a new air separation unit, and support corporate needs, building on significant revenue and profit growth seen in the past fiscal year.
(With inputs from agencies.)
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