The Kolkata-based company, making industry, medical, and specialized gases 492 in BSE, the NSE, the parts of Rs 400.
The 152 crore initial public offering, consisting of a new issue of Rs 400 crore and an offer sold at Rs 452.53 crore, with a general subscription of 22.19 times. According to NSE data, IPO received bids for 33.52 crore parts against 1.51 part of offering.
Institutional investors lead the payment, with qualified institution buyers (qibs) subscribing 64.23 times in their quota, while part of institutional investors subscribed to 15.21 times. The retail category also shows strong interest, subscribed to 2.14 hours despite high ticket size.
Anchor investors ask Rs 255.76 crore on June 23, with the book anchored to domestic mutual funds and insurance companies.
The Market Market Financial Farcial
The appetite appears to be driven by Ellenbarrie’s strong financial. The company posted 84% year-on-on-one-on-one-on-on-on-on-on-on-on-on-on-on-on-on-on-on-one Rs 83.29 crore for FY25, with revenue 20% to Rs 348.43 crore. The company also boasts EbitDa and net profit at 36% and 27% each, which is considered to the highest sector.
“Ellenbarrie Industrial gas with weighted debut of bourses, which lists above Rs 500 – a solid 30% of the Gas Premium in the Southern and Southern Indian operations, the company commands a strong presence of Oxygen, nitrogen, acetylene. “
Risks and Concerns of Execution
Despite the stellar debut, take care of analysts against excessive repairs. “At Listing, The Stock Trades at ~ 80x FY25 earnings, which is steep on the face of it. But valuation is often contextual, noting that ellenbarrie’s high margins help the premium.still and dependence on cyclical industries like steel and healthcare raise Questions. “Over 85% of Ellenbarrie’s business comes from many buyers – securing customer loyalty but any excavation of oxygen approval of oxygen approval of the oxygen to approval of steel.
Using maintenance and expansion plans
Ellenbarrie wants to use IPO to pay off debt, fund 220 TPD air deparation units in headveria-II plant. Built in 1973, the company currently served over 1,800 clients in Steel, Pharmacutical, PharmaChemicals, Pharmachemicals, Depeno, and Rails from eight production facilities.
With a strong debut on its back, investment focus works today if ellenbarrie can provide steady performance and measure more than current regional regions. “The premium list shows the belief in the partner and position of the company – but the continuation of trust in a strong capital industry,” the capital industry, “says Dasani.
Read again | Ellenbarrie Industry Gases share the list of 23% Premium in IPO BSE prices
(Disclaim: Recommendations, suggestions, views and opinions given to experts themselves. It does not represent views of economic times)
