Ellenbarrie Industrial Gases IPO Opens June 24: Price, Lot Size, Gmp, and Key Details | The IPO of Ellenbari Industrial Gasses will open on June 24: You can invest by 26 June, minimum investment ₹ 14,800; The company makes medical gas

The IPO of EllenBary Industrial Gasses is opening on June 24. Investors will be able to do bidding by June 26 for this issue. On 1 July, the company shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Through this issue, the company wants to raise the total ₹ 852.53 crore. The company will issue fresh shares worth Rs 452.53 crore in the issue. Along with this, the current investors or promoters of the company will sell shares worth Rs 400 crore through offer for sale.

If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it…

How much money can you spend minimum and maximum?

Ellenberry Industrial has fixed the price band of the IPO ₹ 380- ₹ 400. Retail investors can do bidding for minimum for a lot of 37 shares. If you apply for 1 lot of IPO’s Upper Prize band ₹ 400, then you have to invest ₹ 14,800.

At the same time, retail investors can apply for maximum 13 lots i.e. 481 shares. For this, investors will have to invest ₹ 1,92,400 according to the upper prize band.

35% of the issue reserved for retail investors

The company has reserved 50% of the IPO for qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for non-institutional investors (NII).

Use of money raised from IPO Paying a loan of ₹ 210 crore and Capital Expenditure will do for General Corporate Purpose.

The company makes medical and specialty gas

Ellenberry Industrial Gaise produces and supplies industrial, medical and specialty gas. The company also offers oxygen, nitrogen, helium, argon, LPG, medical devices and project engineering services.

What is IPO? When a company releases its shares for the common people for the first time, it is called an initial public offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.