Ellenbarrie Industrial Gases Limited IPO Details
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Ellenbarrie Industrial Gases IPO opens for subscription on 24 Jun 2025 and closes on 26 Jun 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 01 Jul 2025.
Ellenbarrie Industrial Gases IPO price band has been fixed at ₹380 – ₹400 per share.The face value is ₹2 per share with a lot size of 37.
Ellenbarrie Industrial Gases IPO total issue size comprises 2,13,13,130 shares (aggregating up to ₹852.53 Cr). This includes a fresh issue of 1,00,00,000 shares (aggregating up to ₹400.00 Cr). Offer for Sale consists of 1,13,13,130 shares (aggregating up to ₹452.53 Cr). Pre-issue shareholding stands at 13,09,35,600, which will increase to 14,09,35,600 post-issue.
Ellenbarrie Industrial Gases IPO carries a ₹57 (14.2%) GMP, reflecting investor sentiment.
Ellenbarrie Industrial Gases IPO Lot Size : Retain Minimum is 1 lot (37 shares) amounting to ₹14,800. Retain Maximum is 13 lots (481 shares) amounting to ₹192,400. SHNI Minimum is 14 lots (518 shares) amounting to ₹207,200. SHNI Maximum is 67 lots (2,479 shares) amounting to ₹991,600. BHNI Minimum is 68 lots (2,516 shares) amounting to ₹1,006,400.
The Lead Managers for Ellenbarrie Industrial Gases IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Jm Financial Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Ellenbarrie Industrial Gases Limited RHP.
Ellenbarrie Industrial Gases IPO Details
Ellenbarrie Industrial Gases IPO Subscription
Ellenbarrie Industrial Gases IPO Application Wise Breakup (Approx)
Ellenbarrie Industrial Gases IPO Dates
- 24 Jun 2025Opening dateOPD
- 26 Jun 2025Closing dateCOD
- 27 Jun 2025Allotment Date BOA
- 30 Jun 2025Initiation of RefundsIOR
- 30 Jun 2025Credit of SharesCOS
- 01 Jul 2025Listing dateLID
Ellenbarrie Industrial Gases IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 37 | ₹14,800 |
| Retain Maximum | 13 | 481 | ₹192,400 |
| SHNI Minimum | 14 | 518 | ₹207,200 |
| SHNI Maximum | 67 | 2479 | ₹991,600 |
| BHNI Minimum | 68 | 2516 | ₹1,006,400 |
Ellenbarrie Industrial Gases IPO Reservation
Promoter Holding
Ellenbarrie Industrial Gases IPO Valuations
Ellenbarrie Industrial Gases Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 672.54 | 551.27 | 414.06 |
| Revenue | 290.2 | 223.71 | 255.9 |
| Profit After Tax | 45.29 | 28.14 | 67.16 |
| Net Worth | 250.15 | 203.32 | 178.59 |
| Reserves and Surplus | 403.35 | 356.51 | 331.78 |
| Total Borrowing | 176.9 | 101.1 | 10.71 |
| Amount in ₹ Crore | |||
About Ellenbarrie Industrial Gases IPO
Incorporated in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is an Indian company specialising in the production and supply of industrial, medical, and speciality gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. EIGL also offers dry ice, synthetic air, fire-fighting gases, medical oxygen, liquefied petroleum gas (LPG), welding mixtures, and specialty gases, serving a wide range of industries.
Services: EIGL offers project engineering services, leveraging technical expertise to design, install, and commission tonnage air separation units (ASUs) on a turnkey basis. The company also provides medical gas pipeline solutions, assisting healthcare facilities with installing, operating, and maintaining their systems. Additionally, EIGL supplies medical equipment such as anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing machines.
EIGL serves various customers, classified into three categories:
- Bulk Customers – Supplied with liquefied gases through cryogenic tankers.
- Package Customers – Receive compressed gases in cylinders.
- Onsite Customers – Provided with onsite gas supply and operations & maintenance services.
Industries Served
EIGL caters to several industries, including:
- Steel – Supplying gases to leading steel manufacturers like Jairaj Ispat Limited and Rashtriya Ispat Nigam Limited.
- Pharmaceuticals & Chemicals – Clients include Dr. Reddy's Laboratories Limited and Laurus Labs Limited.
- Healthcare – Partnering with institutions like AIIMS, West Bengal Medical Services Corporation Limited, and Chittaranjan National Cancer Institute.
- Engineering & Infrastructure – Serving companies like GMM Pfaudler Limited and Air India Engineering Services Limited.
- Railways, Aviation & Space – Supplying gases to railway workshops, Jupiter Wagons Limited, and a space research organization.
- Petrochemicals – Working with major oil marketing public sector companies.
- Defence – Providing industrial gases to Hindustan Shipyard Limited.
Operations & Workforce
- Customer Base: In Fiscal 2024, EIGL supplied products to 1,836 customers.
- Bulk Customers: As of March 31, 2024, 295 bulk customers had contracts with an average tenure of five years.
- Manufacturing Facilities: EIGL operates eight facilities across India: four in West Bengal, two in Andhra Pradesh, one in Telangana, and one in Chhattisgarh.
Employees: As of March 31, 2024, EIGL employed 250 permanent and 67 contractual employees.
Strength Of Ellenbarrie Industrial Gases IPO
1. Leading Manufacturer of Industrial Gases, Well Positioned to Capitalise on Industry Tailwinds
2. Comprehensive Product Portfolio, Catering to Diverse End-use Industries
3. Long-standing Customer Relationships Leading to Stable Cashflows
4. Diversified Customer Base, Minimizing Concentration Risks
5. Expansive operational and distribution capabilities across East and South India
6. Experienced Promoters and Management Team, Supported by a Committed Employee Base
Risk Of Ellenbarrie Industrial Gases IPO
1. The company depends on its relationships with the company customers, and the loss of one or more of its key customers, or the deterioration of their financial condition or prospects, or a reduction in their demand for its products, could adversely affect its business, results of operations, cash flows and financial condition.
2. Its business is dependent on the company facilities. Any unscheduled, unplanned or prolonged disruption of its facilities could adversely affect the company business, results of operations, cash flows and financial condition.
3. Its business is dependent on the company facilities. Any unscheduled, unplanned or prolonged disruption of its facilities could adversely affect the company business, results of operations, cash flows and financial condition.
4. The company supply products to certain government entities and public sector undertakings through a competitive bidding process where the contracts are awarded on a tender basis. The company cannot assure you that its will continue to receive such contracts in the future, which may adversely affect its business, results of operations cash flows and financial condition. Any change in qualification criteria, unexpected delays and uncertainties in the tendering process may have an adverse effect on its business. Further, the company may faces delays in receiving payments from such entities, which may have an impact on its cash flows.
5. The company supply products to certain government entities and public sector undertakings through a competitive bidding process where the contracts are awarded on a tender basis. The company cannot assure you that its will continue to receive such contracts in the future, which may adversely affect its business, results of operations cash flows and financial condition. Any change in qualification criteria, unexpected delays and uncertainties in the tendering process may have an adverse effect on its business. Further, the company may faces delays in receiving payments from such entities, which may have an impact on its cash flows.
6. The company is subject to risks associated with its products, manufacturing processes and distribution network, owing to the hazardous nature of industrial gases. Failures to manage these operational risks may adversely affect its business, results of operations, cash flows and financial condition.
7. The company is subject to strict quality requirements, regular inspections and audits, and sales of its products is dependent on the company quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.
8. The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and the company facilities, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could adversely affect its business, results of operations, cash flows and financial condition.
9. Under-utilization of its manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on its business, results of operations, cash flows and financial condition.
10. Five of its nine facilities are located in West Bengal. Any adverse developments in the region could impact its manufacturing operations, and consequently, business, results of operations, cash flows and financial condition.
Objectives Ellenbarrie Industrial Gases IPO
1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
2. Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
3. General corporate purposes.
Company Contact Details
Ellenbarrie Industrial Gases Limited
3A, Ripon Street, Kolkata - 700016, West Bengal, India
Phone: 033-48226521
Email: complianceofficer@ellenbarrie.com
Website: http://www.ellenbarrie.com/
Registrar Contact Details
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