Bookbuilding IPO | ₹853 Cr | Listed at BSE, NSE | Tue, Jun 24, 2025 - Thu, Jun 26, 2025
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 per share. The lot size for an application is 37. The minimum amount of investment required by an retail is ₹14,800 (37 shares) (based on upper price). 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 Open
Tue, Jun 24, 2025
IPO Close
Thu, Jun 26, 2025
Issue Price
₹400 per share
Market Cap (Pre-IPO)
₹5,637.42 Cr
| IPO Date | 24 to 26 Jun, 2025 |
| Listed on | Tue, Jul 1, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹380 to ₹400 |
| Issue Price | ₹400 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,13,13,130 shares (agg. up to ₹853 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹400 Cr) |
| Offer for Sale | 1,13,13,130 shares of ₹2 (agg. up to ₹453 Cr) |
| Share Holding Pre Issue | 13,09,35,600 shares |
| Share Holding Post Issue | 14,09,35,600 shares |
| BSE Script Code / NSE Symbol | 544421 / ELLEN |
| ISIN | INE236E01022 |
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 | Max 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%) |
Investors can bid for a minimum of 37 shares and in multiples thereof.
| 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 |
Ellenbarrie Industrial Gases IPO raises ₹255.76 crore from anchor investors. Ellenbarrie Industrial Gases IPO Anchor bid date is June 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 23, 2025 |
| Shares Offered | 63,93,938 |
| Anchor Portion (₹ Cr.) | 255.76 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 24, 2025 |
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 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 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 6.36 | 5.91 |
| P/E (x) | 62.88 | 67.69 |
| Promoter Holding | 96.47% | 81.59% |
| Market Cap | ₹5,637.42 Cr. |
The Ellenbarrie Industrial Gases IPO is subscribed 22.47 times on June 26, 2025 5:04:53 PM (Day 3). The public issue subscribed 2.20 times in the retail category, 63.13 times in the QIB category, and 15.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 63.13 | 42,62,627 | 26,90,79,281 |
| NII | 15.58 | 31,96,970 | 4,98,12,434 |
| bNII (> ₹10L) | 17.42 | 21,31,313 | 3,71,18,400 |
| sNII (< ₹10L) | 11.91 | 10,65,657 | 1,26,94,034 |
| Retail | 2.20 | 74,59,596 | 1,63,92,110 |
| Total | 22.47 | 1,49,19,193 | 33,52,83,825 |
Total Applications: 4,52,473
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 43.99 |
| 2 | Selling commission and processing fees for SCSBs and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.37 |
| 3 | Fees payable to the Registrar to the Offer | 0.06 |
| 4 | Listing fees, SEBI and Stock Exchanges filing fees, book building software fees and other regulatory expenses | 3.85 |
| 5 | Printing and stationery expenses | 0.78 |
| 6 | Advertising and marketing expenses | 1.04 |
| 7 | Fees payable to the legal counsels to the Offer | 5.43 |
| 8 | Fees payable to the Statutory Auditor | 1.15 |
| 9 | Fees payable to the industry service provider | 0.40 |
| 10 | Fees payable to the Independent Practicing Company Secretary, Independent Chartered Engineer | 0.04 |
| 11 | Miscellaneous expenses including | 1.77 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹492.00 | ₹486.00 |
| Low | ₹485.65 | ₹486.00 |
| High | ₹541.20 | ₹534.60 |
| Last Trade | ₹541.20 | ₹534.60 |
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 ₹853 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 37.
The IPO opens on Tue, Jun 24, 2025, and closes on Thu, Jun 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 Tue, Jun 24, 2025 and closes on Thu, Jun 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 Mon, Jun 30, 2025. Check the Ellenbarrie Industrial Gases IPO allotment status.
The Ellenbarrie Industrial Gases IPO listing date is on Tue, Jul 1, 2025.
