Ellenbarrie Industrial Gases IPO
Open MainLineCurrent GMP
₹57 (+14.25%)
Price Band
₹ 380 – 400
Lot Size
37
Issue Size
₹852.53 Cr
Minimum Investment
₹14800 (37 Shares)
Listing Date
01 July 2025
Subscription
22.19x
About the Company
Ellenbarrie Industrial Gases Limited (EIGL) is India’s largest 100% Indian-owned industrial gas company in terms of installed manufacturing capacity, revenue, and profitability as of March 2024 (FY 2024). Established in 1973, EIGL specializes in the production and supply of a wide range of industrial, medical, and specialty gases.
Products and Services
EIGL manufactures and supplies gases including:
- Industrial Gases: Oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide
- Other Products: Dry ice, synthetic air, firefighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases
The company also offers:
- Project Engineering Services: Design, installation, and commissioning of tonnage air separation units (ASUs)
- Medical Gas Pipeline Solutions: Turnkey installation, operation, and maintenance for healthcare facilities
- Medical Equipment Supply: Including anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing systems
Market Presence and Clientele
EIGL serves a diversified customer base across multiple sectors:
- Steel: Jairaj Ispat, Rashtriya Ispat Nigam Limited
- Pharmaceuticals & Chemicals: Dr. Reddy’s, Laurus Labs
- Healthcare: AIIMS, West Bengal Medical Services Corporation, Chittaranjan National Cancer Institute
- Engineering & Infrastructure: GMM Pfaudler, Air India Engineering Services
- Railways, Aviation & Space: Jupiter Wagons, railway workshops, and a space research agency
- Petrochemicals: Major oil marketing PSUs
- Defense: Indian Armed Forces, Hindustan Shipyard
EIGL is a trusted supplier to the Indian Armed Forces, including Air Force bases across East, South, and West India, Eastern Naval Command, and various government laboratories. It also supplies railway hospitals and workshops in East and South India.
Operations
- Manufacturing Footprint: Eight facilities across India – four in West Bengal, two in Andhra Pradesh, one in Telangana, and one in Chhattisgarh
- Oxygen Capacity: Operates one of India’s largest oxygen plants with a capacity of 1,250 tonnes per day as of March 31, 2024
- Workforce: As of March 31, 2025, the company employed 281 permanent and 85 contractual employees
Promoters
- Padam Kumar Agarwala
- Varun Agarwal
Promoters Holding
Holding Pre Issue
96.47%
Holding Post Issue
0.00%
Objects of the Issue
The Company Ellenbarrie Industrial Gases IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
- General corporate purposes.
Address / Contact Info
3A, Ripon Street,
Kolkata - 700016,
West Bengal, India
Phone: 033-48226521
Email: complianceofficer@ellenbarrie.com
Website: http://www.ellenbarrie.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 24 June 2025
IPO Close Date
Thursday, 26 June 2025
Basis of Allotment
Friday, 27 June 2025
Initiation of Refunds
Monday, 30 June 2025
Credit of Shares to Demat
Monday, 30 June 2025
Listing Date
Tuesday, 01 July 2025 — NSE & BSE
Important Dates
Open Date
24 June 2025
Close Date
26 June 2025
Basis Of Allotment
27 June 2025
Listing Date
01 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 845.97 | 672.54 | 551.27 |
| Revenue | 348.43 | 290.2 | 223.71 |
| Profit After Tax | 83.29 | 45.29 | 28.14 |
| Net Worth | 333.62 | 250.15 | 203.32 |
| Reserve & Surplus | 467.17 | 403.35 | 356.51 |
| Total Borrowings | 245.3 | 176.9 | 101.1 |
EPS Pre
3.46%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 11.05 |
| ROCE % | 12.22 |
| Debt / Equity | 0.03 |
| RoNW % | 18.1 |
| PbW | 0 |
| Pat Margin % | 15.61 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 4189260 | 0 | 0 |
| Non-Institutional | 3275917 | 0 | 0 |
| BNII | 2183945 | 0 | 0 |
| SNII | 1091972 | 0 | 0 |
| Retail Investors | 7643806 | 0 | 0 |
| Total | 15108983 | 0 | 0 |
Subscription Status ( Thu, 26 Jun 25 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 4189260 | 269079281 | 64.23x |
| Non-Institutional | 3275917 | 49812434 | 15.21x |
| BNII | 2183945 | 37118400 | 17x |
| SNII | 1091972 | 12694034 | 11.62x |
| Retail Investors | 7643806 | 16392110 | 2.14x |
| Total | 15108983 | 335283825 | 22.19x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | 14,800.00 |
| Retail (Max) | 13 | 481 | 192,400.00 |
| S-HNI (Min) | 14 | 518 | 207,200.00 |
| S-HNI (Max) | 67 | 2,479 | 991,600.00 |
| B-HNI (Min) | 68 | 2,516 | 1,006,400.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- JM Financial Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Ellenbarrie Industrial Gases IPO is a Book-building IPO worth ₹852.53 crores. The price band is ₹380 to 400 per share. The IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Ellenbarrie Industrial Gases IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025
Ellenbarrie Industrial Gases IPO Price Band is ₹380 to 400.
Ellenbarrie Industrial Gases IPO lot size is 37, and the minimum amount required for application is ₹14800.
The minimum investment for Ellenbarrie Industrial Gases IPO is approximately ₹14800 based on the upper price band.
To apply for the Ellenbarrie Industrial Gases IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jun 26, 2025. After submission, funds are blocked until the basis of allotment of Ellenbarrie Industrial Gases IPO is finalised.
Ellenbarrie Industrial Gases IPO issue size is ₹852.53 crores.
Ellenbarrie Industrial Gases IPO allotment date is Sat, Jun 27, 2026.
The registrar for Ellenbarrie Industrial Gases IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Ellenbarrie Industrial Gases IPO through their official website or helpline.
The Ellenbarrie Industrial Gases IPO GMP (Grey Market Premium) is ₹57 as of Tue, Jul 1, 2025. Based on the upper price band of ₹400 per share, the estimated Ellenbarrie Industrial Gases IPO listing price is ₹457, indicating a potential listing gain of approximately 31% over the issue price.