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Ellenbarrie Industrial Gases is launching its Initial Public Offering (IPO) on June 24, 2025, and the issue will close on June 26, 2025. This IPO is a Book Build Issue, aiming to raise around ₹852.53 crores. The IPO comprises a fresh issue worth ₹400 crores and an offer for sale (OFS) of up to 1,13,13,130 equity shares, each with a face value of ₹2.
The price band for the IPO is set between ₹380 to ₹400 per share. The allocation for different investor categories includes:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI/NII): 15%
The shares of Ellenbarrie Industrial Gases are scheduled to be listed on both BSE and NSE on July 1, 2025. The IPO allotment date is set for June 27, 2025.
Company Financials:
- Revenue for FY 2025: ₹348.43 crores
- Revenue for FY 2024: ₹290.2 crores
- Profit for FY 2025: ₹83.29 crores
- Profit for FY 2024: ₹45.29 crores
Based on its strong financial growth, experts suggest that Ellenbarrie Industrial Gases IPO is suitable for long-term investment.
Ellenbarrie Industrial Gases IPO Details
- IPO Open Date: June 24, 2025
- IPO Close Date: June 26, 2025
- Face Value: ₹2 per equity share
- IPO Price Band: ₹380 to ₹400 per share
- Total Issue Size: Approximately ₹852.53 crores
- Fresh Issue: Around ₹400 crores
- Offer for Sale (OFS): Up to 1,13,13,130 equity shares
- Issue Type: Book Build Issue
- Listing Exchange: BSE and NSE
- Retail Investor Quota: Not more than 35%
- Qualified Institutional Buyers (QIB) Quota: Not more than 50%
- Non-Institutional Investors (NII) Quota: Not more than 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Ellenbarrie Industrial Gases IPO Market Lot Details
The minimum market lot for the Ellenbarrie Industrial Gases IPO is 37 shares, requiring an application amount of ₹14,800. Retail investors can apply for a maximum of 13 lots, which equals 481 shares for a total amount of ₹1,92,400.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,800 |
| Retail Maximum | 13 | 481 | ₹1,92,400 |
| S-HNI Minimum | 14 | 518 | ₹2,07,200 |
| B-HNI Minimum | 68 | 2,516 | ₹10,06,400 |
Ellenbarrie Industrial Gases IPO Important Dates
- IPO Open Date: June 24, 2025
- IPO Close Date: June 26, 2025
- Basis of Allotment: June 27, 2025
- Refunds Initiation: June 30, 2025
- Credit to Demat Account: June 30, 2025
- IPO Listing Date: July 1, 2025
Promoters of Ellenbarrie Industrial Gases
The company’s promoters are Padam Kumar Agarwala and Varun Agarwal.
About Ellenbarrie Industrial Gases Limited
Ellenbarrie Industrial Gases Limited (EIGL), established in 1973, is a leading Indian company engaged in the manufacturing and supply of industrial, medical, and specialty gases. Being one of the oldest industrial gas suppliers in India, their product portfolio includes:
- Industrial Gases: Oxygen, Nitrogen, Argon, Carbon Dioxide, Acetylene, Hydrogen, Helium, Nitrous Oxide
- Medical Gases: Medical Oxygen
- Other Products: Dry Ice, Synthetic Air, Fire-fighting gases, LPG, Welding Mixtures, Specialty Gases
The company also provides project engineering services including the design, supply, and commissioning of tonnage air separation units (ASUs). Additionally, they supply medical equipment such as anaesthesia workstations, spirometers, ventilators, sterilizers, bedside monitors, and lung diffusion testing machines.
As of March 31, 2024, Ellenbarrie employs 250 permanent and 67 contractual staff.
Ellenbarrie Industrial Gases Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2022 | 255.90 | 180.17 | 67.16 | 414.06 |
| FY 2023 | 223.71 | 186.45 | 28.14 | 551.27 |
| FY 2024 | 290.20 | 225.99 | 45.29 | 672.54 |
| FY 2025 | 348.43 | 240.61 | 83.29 | 845.97 |
Ellenbarrie Industrial Gases IPO Valuation (FY 2025)
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 16.88% |
| Return on Capital Employed (ROCE) | 13.71% |
| EBITDA Margin | 35.12% |
| PAT Margin | 23.90% |
| Debt to Equity Ratio | 0.32 |
| Earnings Per Share (EPS) | ₹6.36 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 24.97% |
| Net Asset Value (NAV) | ₹25.48 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Linde India Ltd. | 53.33 | 140.74 | 11.91% | 447.91 | – |
Objects of the Issue
- Repayment or prepayment of certain borrowings
- Setting up of a 220 TPD air separation unit at the Uluberia-II plant
- General corporate purposes
Ellenbarrie Industrial Gases IPO – Frequently Asked Questions (FAQs)
What is Ellenbarrie Industrial Gases IPO?
Ellenbarrie Industrial Gases IPO is a Mainboard Initial Public Offering (IPO) through which the company plans to raise approximately ₹852.53 crores. The IPO is priced in the range of ₹380 to ₹400 per equity share, and the shares will be listed on both the BSE and NSE.
When will the Ellenbarrie Industrial Gases IPO open for subscription?
The IPO will open for public subscription on June 24, 2025, and will close on June 26, 2025. It will be available for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
What is the investor quota for Ellenbarrie Industrial Gases IPO?
The IPO quota is divided as follows:
- QIBs (Qualified Institutional Buyers): 50%
- NIIs (High Net-worth Individuals): 15%
- Retail Investors: 35%
How to Apply for Ellenbarrie Industrial Gases IPO?
You can apply for the Ellenbarrie Industrial Gases IPO through the following methods:
- ASBA (Application Supported by Blocked Amount): Apply online via your bank’s internet banking platform.
- UPI through Stock Brokers: Use your UPI ID to apply via stockbroker platforms that support IPO applications.
- Offline Application: Submit a physical IPO application form through your stockbroker.
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