Ellenbarrie Industrial Gases’ IPO opened today, witnessing modest initial subscription rates of 2% overall, with retail investors at 2% and NIIs at 1%. The IPO includes a fresh issue and OFS, aiming to raise funds for debt repayment and expansion. SBI Securities recommends subscribing, highlighting the company’s strong financials and strategic growth plans.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets