Ellenbarrie Industrial Gases files DRHP with to raise funds via IPO

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Kolkata-based Ellenbarrie Industrial Gases has submitted its DRHP to SEBI for an IPO.
The IPO will consist of a fresh issue of up to Rs 400 crore and an OFS of 1.44 crore equity shares by the promoters.
The company is also considering raising up to Rs 80 crore through a pre-IPO placement, which would reduce the fresh issue size.
Under the OFS, promoters Padam Kumar Agarwala and Varun Agarwal will offload up to 72 lakh equity shares.

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