Ellenbarrie plans to raise Rs 400 crore through fresh equity to reduce debt and expand capacity
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. | Source: The Economic Times
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