Ellenbarrie Industrial Gases Ltd - IPO

Ellenbarrie Industrial Gases Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs. 2 each (Equity Shares) of Ellenbarrie Industrial Gases Limited (Company or Issuer) for cash at a price of Rs. [*] per equity share of face value of Rs. 2 each (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores comprising a fresh issue of up to [*] equity shares of face value of Rs. 2 each aggregating up to Rs. 400.00 crores by the company (Fresh Issue) and an offer for sale of up to 14,427,620 equity shares of face value of Rs. 2 each aggregating up to Rs. [*] crores (Offered Shares) by the promoter selling shareholders, (Offer for Sale, together with the fresh issue, the Offer).The company, in consultation with the brlms, may consider issue of specified securities, as may be permitted under the applicable law, not exceeding Rs. 80.00 crores with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately, intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.The face value of equity shares is Rs. 2 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment/prepayment in full or part of certain outstanding borrowings availed by the company. Setting up of an air separation unit its Uluberia-II plant with a capacity of 220 TPD. General corporate purposes.

Ellenbarrie Industrial Gases Ltd Contact Details

Ellenbarrie Industrial Gases Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@ellenbarrie.com