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Ellenbarrie Industrial Gases IPO is a book build issue of ₹852.53 crores. The issue is a combination of fresh issue of 1.00 crore shares aggregating to ₹400.00 crores and offer for sale of 1.13 crore shares aggregating to ₹452.53 crores.
Ellenbarrie Industrial Gases IPO bidding started from Jun 24, 2025 and ended on Jun 26, 2025. The allotment for Ellenbarrie Industrial Gases IPO was finalized on Jun 27, 2025. The shares got listed on BSE, NSE on Jul 1, 2025.
Ellenbarrie Industrial Gases IPO price band is set at ₹400.00 per share . The lot size for an application is 37. The minimum amount of investment required by an retail is ₹14,060 (37 shares). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (2,516 shares), amounting to ₹10,06,400.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Ellenbarrie Industrial Gases IPO RHP for detailed Information.
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹380 to ₹400 per share |
| Issue Price Final | ₹400 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,13,13,130 shares (aggregating up to ₹852.53 Cr) |
| Fresh Issue | 1,00,00,000 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 1,13,13,130 shares of ₹2 (aggregating up to ₹452.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,09,35,600 shares |
| Share Holding Post Issue | 14,09,35,600 shares |
Ellenbarrie Industrial Gases IPO offers total 2,13,13,130 shares. Out of which 1,06,56,564 (50.00%) allocated to QIB, 42,62,626 (20.00%) allocated to QIB (Ex- Anchor), 31,96,970 (15.00%) allocated to NII, 74,59,596 (35.00%) allocated to RII and 63,93,938 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,06,56,564 (50.00%) | NA |
| − Anchor Investor Shares Offered | 63,93,938 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 42,62,626 (20.00%) | NA |
| NII (HNI) Shares Offered | 31,96,970 (15.00%) | NA |
| − bNII > ₹10L | 21,31,313 (10.00%) | 4,114 |
| − sNII < ₹10L | 10,65,657 (5.00%) | 2,057 |
| Retail Shares Offered | 74,59,596 (35.00%) | 2,01,610 |
| Total Shares Offered | 2,13,13,130 (100.00%) |
Ellenbarrie Industrial Gases IPO raises ₹255.76 crore from anchor investors. Ellenbarrie Industrial Gases IPO Anchor bid date is June 23, 2025. Ellenbarrie Industrial Gases IPO Anchor Investors list
| Bid Date | June 23, 2025 |
| Shares Offered | 63,93,938 |
| Anchor Portion Size (In Cr.) | 255.76 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 24, 2025 |
Ellenbarrie Industrial Gases IPO opens on June 24, 2025, and closes on June 26, 2025.
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 26, 2025 |
Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,800 |
| Retail (Max) | 13 | 481 | ₹1,92,400 |
| S-HNI (Min) | 14 | 518 | ₹2,07,200 |
| S-HNI (Max) | 67 | 2,479 | ₹9,91,600 |
| B-HNI (Min) | 68 | 2,516 | ₹10,06,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is an Indian company specialising in the production and supply of industrial, medical, and speciality gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. EIGL also offers dry ice, synthetic air, fire-fighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases, serving a wide range of industries.
Services: EIGL offers project engineering services, leveraging technical expertise to design, install, and commission tonnage air separation units (ASUs) on a turnkey basis. The company also provides medical gas pipeline solutions, assisting healthcare facilities with installing, operating, and maintaining their systems. Additionally, EIGL supplies medical equipment such as anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing machines.
EIGL serves various customers, classified into three categories:
Industries Served
EIGL caters to several industries, including:
Operations & Workforce
Employees: As of March 31, 2025, EIGL employed 281 permanent and 85 contractual employees.
Ellenbarrie Industrial Gases Limited'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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 845.97 | 672.54 | 551.27 |
| Total Income | 348.43 | 290.20 | 223.71 |
| Profit After Tax | 83.29 | 45.29 | 28.14 |
| EBITDA | 109.74 | 61.53 | 33.59 |
| Net Worth | 333.62 | 250.15 | 203.32 |
| Reserves and Surplus | 467.17 | 403.35 | 356.51 |
| Total Borrowing | 245.30 | 176.90 | 101.10 |
| Amount in ₹ Crore | |||
The market capitalization of Ellenbarrie Industrial Gases IPO is ₹5637.42 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 16.88% |
| ROCE | 13.71% |
| Debt/Equity | 0.32 |
| RoNW | 24.97% |
| PAT Margin | 23.90% |
| EBITDA Margin | 35.12% |
| Price to Book Value | 20.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.36 | 5.91 |
| P/E (x) | 62.88 | 67.69 |
The Company Ellenbarrie Industrial Gases IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company. | 210.00 |
| 2 | Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD. | 104.50 |
| 3 | General corporate purposes. | 55.95 |
[Dilip Davda] EIGL is engaged in manufacturing and supplies of industrial gases, having long term association with its customers. The company marked growth in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears aggressively priced. The company enjoys virtual monopolistic situation being an Indian manufacturer of industrial gases. Though its aggressively priced, well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | July 1, 2025 |
| BSE Script Code | 544421 |
| NSE Symbol | ELLEN |
| ISIN | INE236E01022 |
| Final Issue Price | ₹400 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Ellenbarrie Industrial Gases Ltd.
3A,
Ripon
Street
Kolkata, West Bengal, 700016
Phone: 033-48226521
Email: complianceofficer@ellenbarrie.com
Website: http://www.ellenbarrie.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: eigl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Ellenbarrie Industrial Gases IPO is a main-board IPO of 2,13,13,130 equity shares of the face value of ₹2 aggregating up to ₹852.53 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 37.
The IPO opens on June 24, 2025, and closes on June 26, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ellenbarrie Industrial Gases IPO using UPI as a payment gateway. Zerodha customers can apply in Ellenbarrie Industrial Gases IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ellenbarrie Industrial Gases IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ellenbarrie Industrial Gases IPO opens on June 24, 2025 and closes on June 26, 2025.
Ellenbarrie Industrial Gases IPO lot size is 37, and the minimum amount required for application is ₹14,800.
You can apply in Ellenbarrie Industrial Gases IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ellenbarrie Industrial Gases IPO will be done on Friday, June 27, 2025, and the allotted shares will be credited to your demat account by Monday, June 30, 2025. Check the Ellenbarrie Industrial Gases IPO allotment status.
The Ellenbarrie Industrial Gases IPO listing date is on Tuesday, July 1, 2025.
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