Ellenberry industrial gas limited The stock closed at Rs 541.20 with a gain of 35.30 percent against the Rs 400 issue price on Tuesday. The company’s stock was listed at a price of Rs 492 with a bumper jump of 23 percent from the issue price on BSE. Later it rose 35.3 percent to an upper circuit circuit limit of Rs 541.20. The shares started at Rs 486 in NSE, which is 21.5 percent higher than the issue price. Later it closed at Rs 534.60 with a rise of 33.65 percent. The company’s market cap stood at Rs 7627.43 crore on the first day of the listing.
IPO was closed on 26 June
The IPO of Ellenbai Industrial Gas, a company that produced various gas including industrial, medical, was open for subscription on Tuesday, June 24 and closed on Thursday, 26 June. Ellenberry Industrial Gas has raised a total of Rs 852.53 crore from this IPO, for which the company has allotted a total of 2,13,13,130 shares. The company had issued 1,00,00,000 fresh fresh for Rs 400 crore under its IPO, while the remaining Rs 452.53 crore was issued through OFS 1,13,13,130 shares of Rs 452.53 crore.
The IPO of Ellenberry Industrial Gas Limited got 22.19 times subscription
The IPO of Ellenbari Industrial Gas Limited received a total subscription of 22.19 times. The company had fixed a price range of Rs 380 to Rs 400 for each share of a face value of Rs 2 under its IPO. Of the money received from the IPO, Rs 210 crore will be used to pay loans. Whereas, Rs 104.50 crore will be used to set up an air separation unit at Uluberia-II plant in West Bengal. At the same time, a part of it will be spent on normal company functioning.
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