Ellenbarrie Industrial Gases plans IPO to raise Rs 400cr in fresh issue and OFS

Kolkata-based Ellenbarrie Industrial Gases is planning to launch an initial public offering (IPO) that includes a fresh issue of up to Rs 400 crore and an offer for sale of up to 1.44 crore equity shares by promoter shareholders. The company has submitted its draft red herring prospectus to the Securities and Exchange Board of India (SEBI) for approval.