Ellenbarrie Industrial Gases IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 24 Jun 2025
Close Date
Thu, 26 Jun 2025
Price Band
₹ 380 – 400
Lot Size
37
Issue Size
₹ 852.53 Cr
Minimum Investment
₹ 14,800 (37 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Ellenbarrie Industrial Gases IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹852.53 Crore, comprising a fresh issue of 100.00 Lakh equity shares aggregating to ₹400.00 Crore and an offer for sale (OFS) of 1.13 Crore equity shares aggregating to ₹452.53 Crore by the existing shareholders.
The Ellenbarrie Industrial Gases IPO remained open for subscription from June 24, 2025, to June 26, 2025. The basis of allotment was finalized on June 27, 2025, and the company's shares were listed on the NSE and BSE on July 01, 2025.
The company had fixed the price band at ₹380 to ₹400 per share, with a lot size of 37 shares. Retail investors were required to make a minimum investment of ₹14,800 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. IIFL Capital Services Limited, Motilal Oswal Investment Advisors Ltd, and JM Financial Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Ellenbarrie Industrial Gases Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Ellenbarrie Industrial Gases IPO Timeline (Tentative)
- IPO Open Date
- Tue, 24 Jun 25
- IPO Close Date
- Thu, 26 Jun 25
- Basis of Allotment
- Fri, 27 Jun 25
- Initiation of Refunds
- Mon, 30 Jun 25
- Credit of Shares to Demat
- Mon, 30 Jun 25
- Listing Date
- Tue, 01 Jul 25 — NSE & BSE
Open Date
24 June 2025
Close Date
26 June 2025
Basis Of Allotment
27 June 2025
Listing Date
01 July 2025
IPO Subscription
Check Live Subscription →The Ellenbarrie Industrial Gases IPO has received bids for 33,52,83,825 shares against 1,51,08,983 shares offered, resulting in an overall subscription of 22.19x. the NII category is subscribed 15.21x, Retail Investors 2.14x, and QIBs 64.23x. Within the NII category, BNII is subscribed 17x, while SNII is subscribed 11.62x.
QIB
64.23x
NII
15.21x
BNII
17x
SNII
11.62x
RII
2.14x
Total
22.19x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 76,43,806 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 41,89,260 shares (0%), while Non-Institutional Investors (NIIs) receive 32,75,917 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 4,189,260 | 0% |
| Non-Institutional | 3,275,917 | 0% |
| BNII | 2,183,945 | 0% |
| SNII | 1,091,972 | 0% |
| Retail Investors | 7,643,806 | 0% |
| Total | 15,108,983 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Ellenbarrie Industrial Gases Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 11.05 |
| ROCE % | 12.22 |
| Debt / Equity | 0.03 |
| RoNW % | 18.1 |
| Pat Margin % | 15.61 |
Peers Comparison
No Peer Comparision Available
About Ellenbarrie Industrial Gases Limited
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
Ellenbarrie Industrial Gases IPO Promoters
- Padam Kumar Agarwala
- Varun Agarwal
Promoters Holding
Holding Pre Issue
96.47%
Holding Post Issue
0.00%
Ellenbarrie Industrial Gases IPO Objective
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.
Ellenbarrie Industrial Gases Limited Address / Contact Details
3A, Ripon Street,
Kolkata - 700016,
West Bengal, India
Phone: 033-48226521
Email: complianceofficer@ellenbarrie.com
Website: http://www.ellenbarrie.com/
IPO Snapshot
Ellenbarrie Industrial Gases IPO Lot Size
The Ellenbarrie Industrial Gases IPO has a lot size of 37 shares. Retail investors require a minimum investment of ₹14,800 by applying for 1 lot (37 shares). The maximum application allowed for the retail category is 13 lots (481 shares), requiring an investment of ₹1,92,400.
| 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 |
Issue Reservation
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Ltd
- JM Financial Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Ellenbarrie Industrial Gases IPO?
Ellenbarrie Industrial Gases IPO is a Book-building IPO with a total issue size of ₹852.53 crore. The Ellenbarrie Industrial Gases IPO price band is ₹380 to 400 per share. The Ellenbarrie Industrial Gases IPO subscription opens on Tue, Jun 24, 2025, and closes on Thu, Jun 26, 2025. The Ellenbarrie Industrial Gases IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Ellenbarrie Industrial Gases IPO.
When will the Ellenbarrie Industrial Gases IPO open for subscription?
The Ellenbarrie Industrial Gases IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025
What is Ellenbarrie Industrial Gases IPO Price Band?
Ellenbarrie Industrial Gases IPO Price Band is ₹380 to 400 per share.
What is Ellenbarrie Industrial Gases IPO Lot Size?
Ellenbarrie Industrial Gases IPO lot size is 37 shares, Retail investors need a minimum investment of ₹14800 based on the upper price band
What is the minimum investment for Ellenbarrie Industrial Gases IPO?
The minimum investment for Ellenbarrie Industrial Gases IPO is ₹14800, based on one lot of 37 shares at the upper price band of ₹400 per share.
How to apply for Ellenbarrie Industrial Gases IPO?
Investors can apply for the Ellenbarrie Industrial Gases IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 26, 2025. The application amount remains blocked until the Ellenbarrie Industrial Gases IPO allotment is finalized.
What is Ellenbarrie Industrial Gases IPO Issue Size?
Ellenbarrie Industrial Gases IPO issue size is ₹852.53 crores.
What is the Ellenbarrie Industrial Gases IPO Allotment Date?
Ellenbarrie Industrial Gases IPO allotment date is Fri, Jun 27, 2025.
Who is the Ellenbarrie Industrial Gases IPO Registrar?
The registrar for Ellenbarrie Industrial Gases IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Ellenbarrie Industrial Gases IPO allotment status, refund processing, and other IPO-related information.
What is the Ellenbarrie Industrial Gases IPO GMP?
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 14.25% over the issue price.
Who is the Ellenbarrie Industrial Gases IPO Lead Manager?
The book-running lead managers (BRLMs) for the Ellenbarrie Industrial Gases IPO are IIFL Capital Services Limited, Motilal Oswal Investment Advisors Ltd, and JM Financial Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Ellenbarrie Industrial Gases IPO Red Herring Prospectus (RHP).