Ellenbarrie Industrial Gases IPO

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.

Min Investment
₹14800
Price Range
₹380.00-400.00
Issue Size
₹852.53 Cr
IPO Type
Mainboard

Key Metrics

Check Live GMP

Face Value
₹2
EPS
5.91
P/E Ratio
67.69
RoNW
24.97%
ROE
16.88%
Debt to Equity
0.32

Timeline

IPO Opens

24 Jun

IPO Closes

26 Jun

Allotment

27 Jun

Listing

1 Jul

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.

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)845.97672.54551.27
Revenue (₹ Cr.)348.43290.2223.71
PAT (₹ Cr.)83.2945.2928.14
Net Worth (₹ Cr.)333.62250.15203.32

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Ellenbarrie Industrial Gases20.93267.6916.88333.62
Linde India Limited14.57122.3511.913468

Subscription Details

Daily Bids Status

DateDay 1Day 2Day 3
QIB0.00x0.00x0.56x
NII0.05x0.60x0.93x
S-HNI0.07x0.43x0.67x
B-HNI0.04x0.65x1.03x
RII0.13x0.38x0.44x
Total0.08x0.32x0.58x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB42,62,62723,83,35595.33
NII31,96,97029,77,871119.11
Small NII10,65,6577,12,50928.50
Big NII21,31,31321,99,42887.98
RII74,59,59632,82,788131.31
Total1,49,19,19386,44,014345.76

Company Details

Registrar Details