Ellenbarrie Industrial Gases IPO Details
The Ellenbarrie Industrial Gases IPO is a book build issue with a total issue size of ₹852.53 cr, comprising of fresh issue of 10000000 equity shares., and a offer for sale of 11313130 equity shares. Ellenbarrie Industrial Gases IPO opened for subscription on Jun 24, 2025 and closed on Jun 26, 2025. Ellenbarrie Industrial Gases IPO is set price band at ₹380 to ₹400 per share, with a lot size of 37 shares. Minimum investment for Retail investors was ₹14,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 27, 2025, and listed on both the NSE and BSE on Jul 01, 2025.
Kfin Technologies Limited has been appointed as the registrar. IIFL Capital Services Limited, Motilal Oswal Investment Advisors Pvt Ltd and JM Financial Limited are the Book Running Lead Manager for the issue.
Before investing in the Ellenbarrie Industrial Gases IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 380 – 400
- Lot Size
- 37
- Issue Size
- ₹852.53 Cr
- Minimum Investment
- ₹14800 (37 Shares)
- Listing Date
- 01 July 2025
Current GMP
₹57 (+14.25%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- JM Financial Limited
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 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.
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 per share.
Ellenbarrie Industrial Gases IPO lot size is 37 shares, Retail investors need a minimum investment of ₹14800 based on the upper price band
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.
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.
Ellenbarrie Industrial Gases IPO issue size is ₹852.53 crores.
Ellenbarrie Industrial Gases IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.