Ellenbarrie Industrial Gases IPO vs Highway Infrastructure IPO

Comparison between Ellenbarrie Industrial Gases IPO and Highway Infrastructure IPO.

IPO Details

Ellenbarrie Industrial Gases IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Highway Infrastructure 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 Highway Infrastructure IPO is up to ₹130.00 Cr. The final issue price of Ellenbarrie Industrial Gases IPO is ₹400.00 per share and of Highway Infrastructure IPO is ₹70.00 per share.

 Ellenbarrie Industrial Gases IPOHighway Infrastructure IPO
Face Value₹2 per share₹5 per share
Issue Price (Lower)₹380.00 per share₹65.00 per share
Issue Price (Upper)₹400.00 per share₹70.00 per share
Issue Price (Final)₹400.00 per share₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size37 shares211 shares
Fresh Issue Size1,00,00,000 shares1,39,31,428 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹97.52 Cr
OFS Issue Size1,13,13,130 shares46,40,000 shares
OFS Issue Size (Amount)up to ₹452.53 Crup to ₹32.48 Cr
Issue Size Total2,13,13,130 shares1,85,71,428 shares
Issue Size Total (Amount)up to ₹852.53 Crup to ₹130.00 Cr

IPO Timetable

Ellenbarrie Industrial Gases IPO opens on Jun 24, 2025, while Highway Infrastructure IPO opens on Aug 05, 2025. The closing date of Ellenbarrie Industrial Gases IPO and Highway Infrastructure IPO is Jun 26, 2025, and Aug 07, 2025, respectively.

 Ellenbarrie Industrial Gases IPOHighway Infrastructure IPO
Anchor Bid DateJun 23, 2025Aug 04, 2025
Issue OpenJun 24, 2025Aug 05, 2025
Issue CloseJun 26, 2025Aug 07, 2025
Basis Of Allotment (Tentative)Jun 27, 2025Aug 08, 2025
Initiation of Refunds (Tentative)Jun 30, 2025Aug 11, 2025
Credit of Share (Tentative)Jun 30, 2025Aug 11, 2025
Listing date (Tentative)Jul 01, 2025Aug 12, 2025
Anchor Lockin End date 1Jul 26, 2025Sep 07, 2025
Anchor Lockin End date 2Sep 24, 2025Nov 06, 2025

Financials & KPIs

Ellenbarrie Industrial Gases IPO P/E ratio is 62.88, as compared to Highway Infrastructure IPO P/E ratio of 18.06.

 Ellenbarrie Industrial Gases IPOHighway Infrastructure 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)

Highway Infrastructure Ltd.'s revenue decreased by 13% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets231.56202.63156.59
Total Income504.48576.58456.83
Profit After Tax22.4021.4113.80
EBITDA31.3238.4427.69
NET Worth117.72100.1974.81
Reserves and Surplus83.9083.4964.44
Total Borrowing71.8269.6263.36
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.4794.95
Promoter Shareholding (Post-Issue)81.5970.04
P/E Ratio62.8818.06
Market Cap₹5637.42 Cr.₹502.04 Cr.
ROE16.88%19.03%
ROCE13.71%16.56%
Debt/Equity0.320.61
EPS₹6.36₹3.88
RoNW24.97%19.03%

Shares Offered

In the Ellenbarrie Industrial Gases IPO Retail Individual Investors (RII) are offered 74,59,596 shares while in Highway Infrastructure 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 22,28,571 shares in Highway Infrastructure IPO.

 Ellenbarrie Industrial Gases IPOHighway Infrastructure IPO
Anchor Investor Reservation63,93,938 shares33,42,856 shares
Market Maker Reservation0 shares
QIB42,62,626 shares22,28,571 shares
NII31,96,970 shares55,71,429 shares
RII74,59,596 shares74,28,572 shares
Employee0 shares
Others
Total2,13,13,130 shares1,85,71,428 shares

Bids Received (Subscription)

Ellenbarrie Industrial Gases IPO subscribed 22.47x in total, whereas Highway Infrastructure IPO subscribed 316.64x.

 Ellenbarrie Industrial Gases IPOHighway Infrastructure IPO
QIB (times)63.13x432.71x
NII (times)15.58x473.10x
Big NII (times)17.42x483.92x
Small NII (times)11.91x451.47x
RII (times)2.20x164.48x
Employee (times)
Other (times)
Total (times)22.47x316.64x

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