Ellenbarrie Industrial Gases IPO vs Solarworld Energy Solutions IPO

Comparison between Ellenbarrie Industrial Gases IPO and Solarworld Energy Solutions IPO.

IPO Details

Ellenbarrie Industrial Gases IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Solarworld Energy Solutions IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Ellenbarrie Industrial Gases IPO is up to ₹852.53 Cr whereas the issue size of the Solarworld Energy Solutions IPO is up to ₹490.00 Cr. The final issue price of Ellenbarrie Industrial Gases IPO is ₹400.00 per share and of Solarworld Energy Solutions IPO is ₹351.00 per share.

 Ellenbarrie Industrial Gases IPOSolarworld Energy Solutions IPO
Face Value₹2 per share₹5 per share
Issue Price (Lower)₹380.00 per share₹333.00 per share
Issue Price (Upper)₹400.00 per share₹351.00 per share
Issue Price (Final)₹400.00 per share₹351.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size37 shares42 shares
Fresh Issue Size1,00,00,000 shares1,25,35,612 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹440.00 Cr
OFS Issue Size1,13,13,130 shares14,24,501 shares
OFS Issue Size (Amount)up to ₹452.53 Crup to ₹50.00 Cr
Issue Size Total2,13,13,130 shares1,39,60,113 shares
Issue Size Total (Amount)up to ₹852.53 Crup to ₹490.00 Cr

IPO Timetable

Ellenbarrie Industrial Gases IPO opens on Jun 24, 2025, while Solarworld Energy Solutions IPO opens on Sep 23, 2025. The closing date of Ellenbarrie Industrial Gases IPO and Solarworld Energy Solutions IPO is Jun 26, 2025, and Sep 25, 2025, respectively.

 Ellenbarrie Industrial Gases IPOSolarworld Energy Solutions IPO
Anchor Bid DateJun 23, 2025Sep 22, 2025
Issue OpenJun 24, 2025Sep 23, 2025
Issue CloseJun 26, 2025Sep 25, 2025
Basis Of Allotment (Tentative)Jun 27, 2025Sep 26, 2025
Initiation of Refunds (Tentative)Jun 30, 2025Sep 29, 2025
Credit of Share (Tentative)Jun 30, 2025Sep 29, 2025
Listing date (Tentative)Jul 01, 2025Sep 30, 2025
Anchor Lockin End date 1Jul 26, 2025Oct 25, 2025
Anchor Lockin End date 2Sep 24, 2025Dec 24, 2025

Financials & KPIs

Ellenbarrie Industrial Gases IPO P/E ratio is 62.88, as compared to Solarworld Energy Solutions IPO P/E ratio of 33.77.

 Ellenbarrie Industrial Gases IPOSolarworld Energy Solutions IPO
Financials

Company Financials (Restated)

Ellenbarrie Industrial Gases Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets845.97672.54551.27
Total Income348.43290.20223.71
Profit After Tax83.2945.2928.14
EBITDA109.7461.5333.59
NET Worth333.62250.15203.32
Reserves and Surplus467.17403.35356.51
Total Borrowing245.30176.90101.10
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Solarworld Energy Solutions Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets598.02155.02120.43
Total Income551.09505.50235.05
Profit After Tax77.0551.6914.84
EBITDA106.7571.0922.88
NET Worth309.0773.6021.91
Reserves and Surplus272.0073.2821.59
Total Borrowing114.5561.1064.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.4778.7
Promoter Shareholding (Post-Issue)81.5965.67
P/E Ratio62.8833.77
Market Cap₹5637.42 Cr.₹3042.21 Cr.
ROE16.88%40.27%
ROCE13.71%54.53%
Debt/Equity0.320.37
EPS₹6.36₹10.39
RoNW24.97%40.27%

Shares Offered

In the Ellenbarrie Industrial Gases IPO Retail Individual Investors (RII) are offered 74,59,596 shares while in Solarworld Energy Solutions IPO retail investors are offered 74,59,596 shares. Qualified Institutional Buyers (QIB) are offered 42,62,626 shares in Ellenbarrie Industrial Gases IPO and 41,88,035 shares in Solarworld Energy Solutions IPO.

 Ellenbarrie Industrial Gases IPOSolarworld Energy Solutions IPO
Anchor Investor Reservation63,93,938 shares62,82,051 shares
Market Maker Reservation0 shares
QIB42,62,626 shares41,88,035 shares
NII31,96,970 shares20,94,016 shares
RII74,59,596 shares13,96,011 shares
Employee0 shares
Others
Total2,13,13,130 shares1,39,60,113 shares

Bids Received (Subscription)

Ellenbarrie Industrial Gases IPO subscribed 22.47x in total, whereas Solarworld Energy Solutions IPO subscribed 68.49x.

 Ellenbarrie Industrial Gases IPOSolarworld Energy Solutions IPO
QIB (times)63.13x74.24x
NII (times)15.58x68.21x
Big NII (times)17.42x66.45x
Small NII (times)11.91x71.72x
RII (times)2.20x51.69x
Employee (times)
Other (times)
Total (times)22.47x68.49x

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