Ellenbarrie Industrial Gases Listing: Shares Debut Over 20% Premium On Bourses

Ellenbarrie Industrial Gases shares listed at Rs 492 on BSE, versus the issue price of Rs 400. On the National Stock Exchange, the shares debuted at Rs 486, marking 21.5% premium.

Ellenbarrie Industrial Gases' initial public offering saw increased interest, being oversubscribed on the third day, primarily driven by qualified institutional investors.

By Thursday, the public issue was subscribed 22.19 times. On the second day, the subscription rate was 0.11 times or 11%, and on the first day, it was 0.08 times or 8%.

According to NSE data, the mainboard issue received bids for 33,52,83,825 shares against the 1,51,08,983 shares on offer.

Qualified Institutional Buyers subscribed to the issue 64.23 times, Non-Institutional Investors booked their quota 15.21 times, and the retail quota was subscribed 2.14 times.

Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE, and the issue registrar, KFin Technologies.

The industrial gas manufacturer was looking to raise up to Rs 852.5 crore from the primary market. The IPO consisted of a fresh issue worth Rs 400 crore and an offer for sale worth Rs 452.5 crore.

The mainboard IPO opened for subscription on Tuesday and closed on Thursday. Bids can were made for a minimum of 37 shares and in multiples thereafter.