Ellenbarrie Industrial Gases IPO: Check IPO Date, Live Subscription and Key Details
Ellenbarrie Industrial Gases is a prominent Indian-owned industrial gas company, ranking among the largest in terms of installed manufacturing capacity. The company manufactures and supplies a comprehensive range of industrial and specialty gases, including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, nitrous oxide, dry ice, synthetic air, firefighting gases, medical oxygen, liquid petroleum gas, and welding mixtures.
Price Range
₹380.00-400.00
Issue Size
₹852.53 Cr
Lot Size
37 shares
IPO Type
Mainboard
GMP
₹57(+14.25%)
Est. Listing Price
₹457
Estimate Profit
₹2,109
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹2
EPS
5.91
P/E Ratio
67.69
RoNW
24.97%
ROE
16.88%
Debt to Equity
0.32
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Timeline
IPO Opens
24 Jun
IPO Closes
26 Jun
Allotment
27 Jun
Listing
1 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 24 June 2025 | Subscription starts |
| IPO Close Date | 26 June 2025 | Subscription ends |
| Allotment Date | 27 June 2025 | Allotment |
| Listing Date | 1 July 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,800 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,400 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,200 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,91,600 |
BHNIAbove ₹10,00,000 | 68 | ₹10,06,400 |
IPO Objectives
- 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.
Strengths
- Leading Manufacturer of Industrial Gases in India (in terms of installed capacity), well-positioned to capitalize on industry tailwinds from sectors like steel, healthcare, and manufacturing.
- Comprehensive Product Portfolio, offering a wide range of industrial, medical, and specialty gases, along with turnkey medical gas pipeline solutions, catering to diverse end-use industries.
- Diversified customer base with long-standing relationships across private and public entities in various sectors like steel, pharmaceuticals, chemicals, engineering, aviation, and defense (1,836 customers in FY24).
- Expansive Operational and Distribution Capabilities, particularly strong in East and South India, with multiple manufacturing facilities and efficient logistics network.
- Experienced Promoters and Management Team with deep industry expertise and a proven track record in the industrial gases sector.
Weaknesses
- High capital expenditure requirements for setting up and maintaining industrial gas production facilities, which could impact financial flexibility.
- Exposure to regulatory risks and environmental compliance costs, as the industrial gas sector is subject to stringent safety and environmental regulations.
- Intense competition from domestic and international players in the industrial gas market, which could lead to pricing pressures and impact profitability.
- Reliance on continuous power supply and availability of raw materials (e.g., air for separation, chemical feedstocks), disruptions of which could impact production.
- Working capital-intensive business, particularly due to inventory management and trade receivables.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 845.97 | 672.54 | 551.27 |
| Revenue (₹ Cr.) | 348.43 | 290.2 | 223.71 |
| PAT (₹ Cr.) | 83.29 | 45.29 | 28.14 |
| Net Worth (₹ Cr.) | 333.62 | 250.15 | 203.32 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Ellenbarrie Industrial Gases | 20.932 | 67.69 | 16.88% | 333.62 |
| Linde India Limited | 14.57 | 122.35 | 11.91% | 3,468 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 45.27x |
| NII | 0.05x | 0.6x | 15.57x |
| S-HNI | 0.07x | 0.43x | 11.75x |
| B-HNI | 0.04x | 0.65x | 17.15x |
| RII | 0.13x | 0.38x | 2.13x |
| Total | 0.08x | 0.32x | 17.34x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 42,62,627 | 19,29,69,837 | 7,718.79 |
| NII | 31,96,970 | 4,97,84,277 | 1,991.37 |
| Small NII | 10,65,657 | 1,25,25,721 | 501.03 |
| Big NII | 21,31,313 | 3,65,57,184 | 1,462.29 |
| RII | 74,59,596 | 1,58,91,722 | 635.67 |
| Total | 1,49,19,193 | 25,86,45,836 | 10,345.83 |
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Company Details
- Ellenbarrie Industrial Gases Limited
- 3A, Ripon Street, Kolkata, West Bengal, India
- 033-48226521
- complianceofficer@ellenbarrie.com
- http://www.ellenbarrie.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- eigl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
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