Ellenbarrie Industrial Gases IPO

₹14/37 shares

Minimum Investment

IPO Details

Open Date

24 Jun 25

Close Date

26 Jun 25

Minimum Investment

₹14

Lot Size

Price Range

₹380 to ₹400

Listing Exchange

NSE, BSE

Issue Size

₹852.53 Cr

Listing Date

01 Jul 25

Open Free Demat Account

Ellenbarrie Industrial Gases IPO Timeline

Bidding Start

24 Jun 25

Bidding Ends

26 Jun 25

Allotment Finalisation

27 Jun 25

Refund Initiation

30 Jun 25

Demat Transfer

30 Jun 25

Listing

01 Jul 25

Ellenbarrie Industrial Gases Limited

Incorporated in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is engaged in the manufacture and supply of industrial, medical, and speciality gases including oxygen, nitrogen, argon, helium, hydrogen, acetylene, dry ice, and more. The company operates through bulk supply, packaged cylinders, and onsite plants, catering to various sectors such as steel, healthcare, pharmaceuticals, petrochemicals, defence, and space. It also offers project engineering services and medical gas pipeline systems. As of 31 March 2025, EIGL has a network of 8 manufacturing units across West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh, with 281 permanent and 85 contractual employees.

Ellenbarrie Industrial Gases IPO Overview

The IPO is a book-built issue worth ₹852.53 crore, consisting of a fresh issue of ₹400 crore (1 crore shares) and an offer for sale of ₹452.53 crore (1.13 crore shares). The IPO is priced between ₹380 to ₹400 per share and will be listed on BSE and NSE.

Retail investors can apply for a minimum lot of 37 shares requiring an investment of ₹14,800 (at cutoff). For sNII, the minimum application is 14 lots (518 shares) worth ₹2,07,200 and for bNII, 68 lots (2,516 shares) amounting to ₹10,06,400.

The issue is managed by Motilal Oswal, IIFL Capital Services, and JM Financial, with KFin Technologies Ltd as the registrar.

Ellenbarrie Industrial Gases IPO Details

Particulars	Details
IPO Date	24 June 2025 to 26 June 2025
Listing Date	1 July 2025
Face Value	₹2 per share
Issue Price Band	₹380 to ₹400 per share
Lot Size	37 Shares
Total Issue Size	2,13,13,130 shares (₹852.53 Cr)
Fresh Issue	1,00,00,000 shares (₹400 Cr)
Offer for Sale	1,13,13,130 shares (₹452.53 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE, BSE
Shareholding Pre Issue	13,09,35,600 shares
Shareholding Post Issue	14,09,35,600 shares

Ellenbarrie Industrial Gases IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Offer
Retail	Not less than 35% of the Offer
NII	Not less than 15% of the Offer

Ellenbarrie Industrial Gases IPO Lot Size

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 Promoter Holding

Shareholding Status	Percentage
Pre-Issue	96.47%
Post-Issue	92.91%

Ellenbarrie Industrial Gases IPO Valuation Overview

KPI	Value
Earnings Per Share	₹6.36
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	24.97%
Return on Equity (RoE)	16.88%
Return on Capital Employed (RoCE)	13.71%
Net Asset Value (NAV)	₹25.48
EBITDA Margin	35.12%
PAT Margin	23.90%
Debt/Equity Ratio	0.32

Objectives of the Proceeds

Repayment/prepayment of certain borrowing, ₹210.00 crore

Setting up an air separation unit at Uluberia-II (220 TPD capacity), ₹104.50 crore

Meet general corporate purposes

Key Financials (₹ in Crore)

Particulars	31 March 2025	31 March 2024	31 March 2023
Assets	845.97	672.54	551.27
Revenue	348.43	290.20	223.71
Profit after tax	83.29	45.29	28.14
Reserves & Surplus	467.17	403.35	356.51
Total Borrowings	245.30	176.90	101.10

SWOT Analysis of Ellenbarrie Industrial Gases IPO

Strength and Opportunities

Strong presence in industrial and medical gas segments.
Established infrastructure with pan-India distribution.
Growing healthcare demand for medical gases.
In-house engineering and plant commissioning capabilities.

Risks and Threats

Dependency on cyclical industrial demand.
Regulatory challenges in hazardous material handling.
Fluctuating input and energy costs.
Competitive pressure from global and domestic players.

Upcoming IPOs

SEDEMAC Mechatronics IPO

Milestone Gears IPO

Shadowfax Technologies IPO

Sael Industries IPO

Manipal Payment & Identity Solutions IPO

Imagine Marketing IPO

View Upcoming IPOs

Explore IPO Opportunities

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.

IPO Dashboard

Current IPOs

Closed IPOs

About Ellenbarrie Industrial Gases Limited

Ellenbarrie Industrial Gases Limited IPO Strengths

Wide-ranging gas portfolio including ultra-high purity variants, catering to diverse sectors like healthcare, defence, and semiconductors.

Strong technical capability enables in-house plant setup, project engineering, and turnkey solutions across various industrial applications.

Long-term contracts and infrastructure ownership create high customer stickiness, ensuring stable revenue and lower churn rates.

Strategically located facilities across East and South India enable prompt service and operational efficiency in key industrial regions.

Experienced leadership and skilled workforce ensure consistent quality, innovation, and reliable execution of growth strategies.

Peer Group Comparison

Company	Revenue (₹ Cr)	Face Value (₹)	P/E	EPS	RoNW (%)	NAV (₹)
Ellenbarrie Industrial Gases Ltd	348.43	2	62.88	6.36	24.97	25.48
Peer Groups
Linde India Ltd	10,000+	10	140.74	53.33	11.91	447.91

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App