Latest news with #SoniaDasgupta
Economic Times
11 hours ago
- Business
- Economic Times
Ellenbarrie Industrial Gases IPO subscribed 2% so far on Day 1. Check what GMP indicates
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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of Ellenbarrie Industrial Gases, one of India's oldest industrial gas manufacturers, opened for subscription earlier today and has been subscribed by 2% so far on the first day of the bidding of 10:45 am, the issue had attracted only a 2% subscription from retail investors and 1% from non-institutional investors (NIIs). Meanwhile, the qualified institutional buyers had not made any for the grey market premium (GMP), the shares of Ellenbarrie Industrial Gases were trading higher by 1.75% or Rs 7-9 in the unlisted public issue includes a fresh equity issuance worth Rs 400 crore along with an offer for sale (OFS) of 1.13 crore shares. Ahead of the launch, the company successfully secured Rs 256 crore from anchor price band has been set at Rs 380 to Rs 400 per share, with a minimum application size of 37 shares. The shares are proposed to be listed on both the NSE and IPO proceeds will be utilised to repay debt amounting to Rs 210 crore, establish a 220 TPD air separation unit at the company's Uluberia-II plant at a cost of Rs 104.5 crore, and meet general corporate requirements. Eastern India Gases Ltd (EIGL) also plans to commission three new plants by FY26, aiming to increase its total installed capacity from 3,861 TPD to 4,551 read: Eclectic mix of sectoral options drives IPO momentum: Sonia Dasgupta, JM Financial Founded over five decades ago, EIGL manufactures and supplies a wide range of industrial gases such as oxygen, nitrogen, argon, and acetylene, along with specialty gases, medical gases, and cryogenic storage systems. It operates nine facilities across East, South, and Central India, servicing industries like steel, pharmaceuticals, defence, healthcare, and company reported a 26.7% PAT margin in FY25 with net profit of Rs 83.3 crore, EBITDA margin of 35.8%, and return on equity of 16.9%. At the upper end of the price band, the stock is valued at 62.9x FY25 Securities has rated the IPO as Subscribe citing EIGL's improving margin profile, strong client base, strategic capacity expansion, and attractive valuation compared to listed peers like Linde India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
11 hours ago
- Business
- Time of India
Ellenbarrie Industrial Gases IPO subscribed 2% so far on Day 1. Check what GMP indicates
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Ellenbarrie Industrial Gases, one of India's oldest industrial gas manufacturers, opened for subscription earlier today and has been subscribed by 2% so far on the first day of the bidding of 10:45 am, the issue had attracted only a 2% subscription from retail investors and 1% from non-institutional investors (NIIs). Meanwhile, the qualified institutional buyers had not made any for the grey market premium (GMP), the shares of Ellenbarrie Industrial Gases were trading higher by 1.75% or Rs 7-9 in the unlisted public issue includes a fresh equity issuance worth Rs 400 crore along with an offer for sale (OFS) of 1.13 crore shares. Ahead of the launch, the company successfully secured Rs 256 crore from anchor price band has been set at Rs 380 to Rs 400 per share, with a minimum application size of 37 shares. The shares are proposed to be listed on both the NSE and IPO proceeds will be utilised to repay debt amounting to Rs 210 crore, establish a 220 TPD air separation unit at the company's Uluberia-II plant at a cost of Rs 104.5 crore, and meet general corporate requirements. Eastern India Gases Ltd (EIGL) also plans to commission three new plants by FY26, aiming to increase its total installed capacity from 3,861 TPD to 4,551 read: Eclectic mix of sectoral options drives IPO momentum: Sonia Dasgupta, JM Financial Founded over five decades ago, EIGL manufactures and supplies a wide range of industrial gases such as oxygen, nitrogen, argon, and acetylene, along with specialty gases, medical gases, and cryogenic storage systems. It operates nine facilities across East, South, and Central India, servicing industries like steel, pharmaceuticals, defence, healthcare, and company reported a 26.7% PAT margin in FY25 with net profit of Rs 83.3 crore, EBITDA margin of 35.8%, and return on equity of 16.9%. At the upper end of the price band, the stock is valued at 62.9x FY25 Securities has rated the IPO as Subscribe citing EIGL's improving margin profile, strong client base, strategic capacity expansion, and attractive valuation compared to listed peers like Linde India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
14 hours ago
- Business
- Economic Times
Eclectic mix of sectoral options drives IPO momentum: Sonia Dasgupta, JM Financial
The company consistently ranks among top arrangers of equity capital for Indian companies. Synopsis Fundraising through IPOs is expected to remain strong, offering investors diverse sectoral options, according to JM Financial. Domestic investors, fueled by robust mutual fund inflows, are playing a crucial role in deal pricing. IPO activity will likely center on mid-sized companies seeking to unlock value and raise capital for expansion. Fundraising through initial public offerings (IPO) is expected to maintain its momentum by providing investors an eclectic mix of sectoral options, a top JM Financial executive said. ADVERTISEMENT 'The IPO pipeline is very strong across all sectors. Had the activity been concentrated in a single sector, you could have witnessed investor fatigue. But today, the IPO pipeline is spread across a broad range of sectors and that is driving the investor interest,' said Sonia Dasgupta, MD and CEO, investment banking, JM Financial. The company consistently ranks among top arrangers of equity capital for Indian companies. Auto components makers, real estate, financial services providers, hospitality and new age tech companies are amongst those lining up IPO's, according to the investment cautioned that news flows could create volatility in the short term especially if they are around external factors such as geopolitical tensions and tariffs. However, she emphasized that domestic investors were becoming a major force in deal making.'Mutual fund flows have been consistently strong and given the size of their AUM's, they have become very active players across all deals – be it IPOs, qualified institutional placements or block deals,' she said. ADVERTISEMENT It had become important to hear their voice when determining signing, pricing and timing of deals, the investment banker said.'It's exciting to see Indian investors now having a say to decide the pricing of a deal – something that was once dominated entirely by international investors when I began my career' she remarked. ADVERTISEMENT IPO activity would be largely concentrated around mid-sized companies because they want to unlock value for investors such as PE firms, according to Dasgupta. In the process, they may also raise some primary capital for growth, she fund assets under management had reached a record Rs. 72.2 lakh crore as of 31 May as per date from the Association of Mutual Funds in India. Of this Rs. 13.3 lakh crore was added in the previous year. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
14 hours ago
- Business
- Time of India
Eclectic mix of sectoral options drives IPO momentum: Sonia Dasgupta, JM Financial
Fundraising through initial public offerings ( IPO ) is expected to maintain its momentum by providing investors an eclectic mix of sectoral options , a top JM Financial executive said. 'The IPO pipeline is very strong across all sectors. Had the activity been concentrated in a single sector, you could have witnessed investor fatigue. But today, the IPO pipeline is spread across a broad range of sectors and that is driving the investor interest ,' said Sonia Dasgupta , MD and CEO, investment banking, JM Financial. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your IQ Is 140 If You Can Answer 10 Of These Questions Correctly IQ International Undo The company consistently ranks among top arrangers of equity capital for Indian companies . Auto components makers, real estate, financial services providers, hospitality and new age tech companies are amongst those lining up IPO's, according to the investment banker. She cautioned that news flows could create volatility in the short term especially if they are around external factors such as geopolitical tensions and tariffs. However, she emphasized that domestic investors were becoming a major force in deal making. Live Events 'Mutual fund flows have been consistently strong and given the size of their AUM's, they have become very active players across all deals – be it IPOs, qualified institutional placements or block deals,' she said. It had become important to hear their voice when determining signing, pricing and timing of deals, the investment banker said. 'It's exciting to see Indian investors now having a say to decide the pricing of a deal – something that was once dominated entirely by international investors when I began my career' she remarked. IPO activity would be largely concentrated around mid-sized companies because they want to unlock value for investors such as PE firms, according to Dasgupta. In the process, they may also raise some primary capital for growth, she projected. Mutual fund assets under management had reached a record Rs. 72.2 lakh crore as of 31 May as per date from the Association of Mutual Funds in India. Of this Rs. 13.3 lakh crore was added in the previous year.
