Ellenbarrie Industrial Gases IPO
IPO Listing Details
- Listing Date
01 Jul 2025
- Listing Price
₹492.00
- Listing Change
23.00%
- Last Traded Price
₹344.65
Ellenbarrie Industrial Gases IPO Details
-
Open Date
24 Jun 2025
-
Close Date
26 Jun 2025
-
Listing Date
01 Jul 2025
- IPO Price Range
₹ 380 to ₹400
- IPO Size
₹ 852.53 Cr
- Listing Exchange
BSE NSE
Ellenbarrie Industrial Gases IPO Timeline
Ellenbarrie Industrial Gases IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Jun-25 | 0.00 | 0.05 | 0.13 | 0.08 |
| 25-Jun-25 | 0.00 | 0.60 | 0.38 | 0.32 |
| 26-Jun-25 | 45.27 | 15.58 | 2.19 | 17.37 |
Last Updated: 29 September 2025 2:54 PM by 5paisa
Ellenbarrie Industrial Gases Limited (EIGL) is launching a ₹852.53 crore IPO. The company manufactures and supplies industrial, medical, and specialty gases like oxygen, nitrogen, helium, and LPG. EIGL also offers dry ice, welding mixtures, and fire-fighting gases. It provides turnkey project engineering services for gas units and medical gas pipeline systems. Customers are served in bulk, packaged cylinder, or onsite formats, with medical equipment also forming part of its offerings.
Established in: 1973
Managing Director: Mr. Padam Kumar Agarwala
Peers
Linde India Limited
Ellenbarrie Industrial Gases Objectives
Partial or full repayment of outstanding borrowings
Setting up a 220 TPD air separation unit at Uluberia-II plant
General corporate purposes
Ellenbarrie Industrial Gases IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹852.53 Cr |
| Offer For Sale | ₹452.53 Cr |
| Fresh Issue | ₹400.00 Cr |
Ellenbarrie Industrial Gases IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | 14,060 |
| Retail (Max) | 13 | 481 | 182,780 |
| S-HNI (Min) | 14 | 518 | 196,840 |
| S-HNI (MAX) | 67 | 2479 | 942,020 |
| HNI (Min) | 68 | 2516 | 956,080 |
Ellenbarrie Industrial IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 45.27 | 42,62,627 | 19,29,69,837 | 7,718.793 |
| NII (HNI) | 15.58 | 31,96,970 | 4,98,10,362 | 1,992.414 |
| bNII (bids above ₹10L) | 17.15 | 21,31,313 | 3,65,57,184 | 1,462.287 |
| sNII (bids below ₹10L) | 11.78 | 10,65,657 | 1,25,51,806 | 502.072 |
| Retail | 2.19 | 74,59,596 | 1,63,50,855 | 654.034 |
| Total** | 17.37 | 1,49,19,193 | 25,91,31,054 | 10,365.242 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Ellenbarrie Industrial IPO Anchor Allocation
| Anchor 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 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 25, 2025 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 223.71 | 290.20 | 348.43 |
| EBITDA | 33.59 | 61.53 | 109.74 |
| PAT | 28.14 | 45.29 | 83.29 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 551.27 | 672.54 | 845.97 |
| Share Capital | 6.55 | 6.55 | 26.19 |
| Total Borrowings | 101.10 | 176.90 | 245.30 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 38.75 | 43.75 | 4.28 |
| Net Cash Generated From / (used in) investing activities | -114.23 | -121.71 | –56.93 |
| Net Cash Generated From / (used in) financing activities | 86.60 | 67.48 | 51.92 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 11.11 | -10.48 | -0.74 |
Strengths
1. Over 50 years of experience in the industrial gases sector.
2. Wide product range serving healthcare, defense, and energy industries.
3. Strong distribution network across East and South India.
4. Trusted by marquee clients like AIIMS and the Indian Armed Forces.
Weaknesses
1. Capital-intensive operations require continuous infrastructure investment.
2. High dependence on energy and raw material cost fluctuations.
3. Strict compliance with safety and environmental norms is mandatory.
4. Limited presence outside Eastern and Southern India regions.
Opportunities
1. Rising demand for medical gases in expanding healthcare infrastructure.
2. Growth in manufacturing and energy sectors increases gas consumption.
3. Opportunity to expand operations into Western and Northern India.
4. Government support for domestic industrial growth boosts sector outlook.
Threats
1. Intense competition from global and domestic gas companies.
2. Regulatory changes may impact operational efficiency and margins.
3. Risks in transporting hazardous gases may disrupt supply chain.
4. Currency fluctuations could affect profitability on imported inputs.
1. Established brand with 50+ years in a growing industrial and medical gases market.
2. Strong revenue and PAT growth from FY23 to FY25 signals improving profitability.
3. Proceeds to reduce debt and fund expansion through a 220 TPD air unit project.
4. Serving high-growth sectors like healthcare, defense, and manufacturing across India.
1. India’s industrial gases market was valued around ₹25,000 crore in 2024, growing at ~5% CAGR.
2. Key demand drivers include healthcare, metallurgy, electronics, and food processing industries.
3. Government initiatives like the PLI scheme and Green Hydrogen Mission support industry growth.
4. Southern and Western India remain core growth hubs due to strong industrial infrastructure.
- Companies
- Type
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- SME
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FAQs
Ellenbarrie Industrial Gases IPO opens from June 24, 2025 to June 26, 2025.
The size of Ellenbarrie Industrial Gases IPO is ₹852.53 Cr.
The price of Ellenbarrie Industrial Gases IPO is fixed at ₹380 to ₹400 per share.
To apply for Ellenbarrie Industrial Gases IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Ellenbarrie Industrial Gases IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Ellenbarrie Industrial Gases IPO is 37 shares and the investment required is ₹14,060.
The share allotment date of Ellenbarrie Industrial Gases IPO is June 27, 2025.
The Ellenbarrie Industrial Gases IPO will likely be listed on July 1, 2025.
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, JM Financial Limited are the book running lead managers for Ellenbarrie Industrial Gases IPO.
Ellenbarrie Industrial Gases plans to utilise the raised capital from the IPO for:
- Partial or full repayment of outstanding borrowings
- Setting up a 220 TPD air separation unit at Uluberia-II plant
- General corporate purposes
Ellenbarrie Industrial Gases Contact Details
Ellenbarrie Industrial Gases Limited
3A,
Ripon
Street
Kolkata, West Bengal, 700016
Phone: 033-48226521
Email: complianceofficer@ellenbarrie.com
Website: https://www.ellenbarrie.com/
Ellenbarrie Industrial Gases IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: eigl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Ellenbarrie Industrial Gases IPO Lead Manager
Motilal Oswal Investment Advisors Limited
IIFL Capital Services Limited
Jm Financial Limited
