Sunday, September 27
Shares of Ellenbarrie Industrial Gases surged 10% on Tuesday following their market debut, trading at Rs 541.20 on the BSE and Rs 534.60 on the NSE. The stock listed at a sharp premium that outpaced even the most optimistic grey market whispers.The Kolkata-based company, which manufactures and supplies industrial, medical, and specialty gases, listed at Rs 492 on the BSE, at a 23% premium over the IPO issue price of Rs 400. On the NSE, the shares debuted at Rs 486, reflecting a premium of 21.5%. Both figures topped the grey market premium estimate of Rs 457.The Rs 852 crore initial public offering, comprising a fresh issue of Rs 400 crore and an offer for sale of Rs 452.53 crore, drew significant investor interest, with an overall subscription of 22.19 times. According to NSE data, the IPO
Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added. The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". The company plans to utilize the proceeds of the fresh issue towards enhancing capacity, driving growth, and further investments in the company's netw
