An industrial gas producer is preparing to raise funds through a public offering. Proceeds from the issue will be used to repay borrowings and expand facilities. The company plans to use some of the funds to increase capacity at two of its sites. A portion of the offering consists of shares being sold by a promoter.

The issue is expected to open soon and will remain open for a few days. Bidding for certain investors will take place before the issue opens to the public.

Further details about the offering, including its size and the price range, are available from the source.