Ellenbarrie Industrial Gases plans to raise ₹400 crore through fresh equity and ₹452.5 crore via offer for sale to reduce debt and fund expansion. While margins and return ratios improved, geographic concentration and rising receivables pose risks. The IPO is suitable for long-term investors with high-risk tolerance, despite a high P/E multiple.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets