Mumbai, June 26 -- The initial public offer of Ellenbarrie Industrial Gases received bids for 33,52,79,311 shares as against 1,51,08,983 shares on offer, according to stock exchange data at 17:30 IST on Thursday (26 June 2025). The issue was subscribed 22.19 times.

The issue opened for bidding on 24 June 2025 and it will close on 26 June 2025. The price band of the IPO is fixed between Rs 380 and 400 per share. An investor can bid for a minimum of 37 equity shares and in multiples thereof.

The company will use the issue proceeds to repay borrowings of Rs 210 crore, set up a 220 TPD air separation unit at its Uluberia-II plant (Rs 104.5 crore), and for general corporate purposes. The plant, costing Rs 187.60 crore, is expected to be comp...