Ellenbarrie Industrial Gases Limited Link 
Allotment
Ellenbarrie Industrial Gases IPO is a book-built issue with a total size of ₹852.53 crore, comprising a fresh issue of 1.00 crore shares worth ₹400.00 crore and an offer for sale of 1.13 crore shares worth ₹452.53 crore.
The IPO opened for subscription on June 24, 2025, and closed on June 26, 2025. The basis of allotment was finalized on June 27, 2025, and the shares were listed on BSE and NSE on July 1, 2025.
The price band for the IPO is ₹400 per share. The lot size is 37 shares, requiring a minimum investment of ₹14,060 for retail investors. For sNII investors, the minimum application is 14 lots (518 shares), amounting to ₹2,07,200, and for bNII investors, it is 68 lots (2,516 shares), amounting to ₹10,06,400.
Motilal Oswal Investment Advisors Ltd. is the Book Running Lead Manager, and Kfin Technologies Ltd. is the Registrar.
₹400
0%
Open
₹400
HIgh - Low
₹400
Previous Close
₹400
Total Traded Value
0
52 Weeks High
₹400
52 Weeks Low
₹400
Updates On
Jun 15, 2025
IPO. Open
Jun 24, 2026
IPO. Close
Jun 26, 2026
IPO. Price
₹400.00
IPO Market price
₹5,637.42 Cr
IPO Details
| IPO Date | 1 Jul |
| IPO Listing Date | 1 Jul |
| IPO Face Value | ₹2 per share |
| IPO Price Range | ₹400.00 |
| IPO Issue Size | 2,13,13,130 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 13,09,35,600 shares |
IPO Timeline
| IPO Open Date | 24 Jun |
| IPO Close Date | 26 Jun |
| IPO Allotment (Tentative) | 27 Jun |
| Refunds | 30 Jun |
| Credit to Demat Account | 30 Jun |
| IPO Listing Date | 1 Jul |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,06,56,564 Shares |
| NII (HNI) Shares Offered | 31,96,970 Shares |
| Retail Shares Offered | 74,59,596 Shares |
IPO Lot Size
Investors can apply for a minimum of 37 shares, and bids must be made in multiples of 37 shares thereafter.
| Application | Lots | Share | 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 |
Incorporated in 1973, Ellenbarrie Industrial Gases Limited (EIGL) is an Indian company specializing in the production and supply of industrial, medical, and specialty gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide, along with dry ice, synthetic air, fire-fighting gases, medical oxygen, LPG, welding mixtures, and specialty gases, catering to a wide range of industries.
Services
Project Engineering: Designs, installs, and commissions tonnage Air Separation Units (ASUs) on a turnkey basis.
Medical Gas Pipeline Solutions: Supports healthcare facilities in installation, operation, and maintenance of medical gas pipelines.
Medical Equipment Supply: Provides equipment like anesthesia workstations, ventilators, spirometers, sterilizers, bedside monitors, and lung diffusion testing machines.
Customer Segments
Bulk Customers: Supplied liquefied gases via cryogenic tankers.
Package Customers: Receive compressed gases in cylinders.
Onsite Customers: Provided onsite gas supply with operations & maintenance services.
Industries Served
Steel: Supplies gases to companies like Jairaj Ispat Limited and Rashtriya Ispat Nigam Limited.
Pharmaceuticals & Chemicals: Clients include Dr. Reddy’s Laboratories and Laurus Labs.
Healthcare: Partners with institutions like AIIMS, West Bengal Medical Services Corporation Limited, and Chittaranjan National Cancer Institute.
Engineering & Infrastructure: Serves GMM Pfaudler Limited and Air India Engineering Services Limited.
Railways, Aviation & Space: Supplies gases to railway workshops, Jupiter Wagons Limited, and space research organizations.
Petrochemicals & Defence: Works with major OMCs and Hindustan Shipyard Limited.
Operations & Workforce
Customer Base: Supplied products to 1,829 customers in Fiscal 2025.
Manufacturing Facilities: 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, 2025, EIGL had 281 permanent employees and 85 contractual employees.
EIGL combines technical expertise, nationwide presence, and diversified customer base to provide high-quality industrial and medical gas solutions.
Company Financials (Consolidated)
| Assets | 845.97 | 672.54 | 551.27 |
| Total Income | 348.43 | 290.2 | 223.71 |
| Profit After Tax | 83.29 | 45.29 | 28.14 |
| EBITDA | 109.74 | 61.53 | 33.59 |
| NET Worth | 333.62 | 250.15 | 203.32 |
| Reserves and Surplus | 467.17 | 403.35 | 356.51 |
| Total Borrowing | 245.3 | 176.9 | 101.1 |
Key Performance Indicator (KPI)
| ROE | 16.88% |
| ROCE | 13.71% |
| Debt/Equity | 0.32 |
| RoNW | 24.97% |
| PAT Margin | 23.90% |
| EBITDA Margin | 35.12% |
| Price to Book Value | 20.93 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 55.95 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Ellenbarrie Industrial Gases Ltd. Address
3A,
Ripon
Street
Kolkata, West Bengal, 700016
033-48226521
complianceofficer@ellenbarrie.com
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
eigl.ipo@kfintech.com
https://ipostatus.kfintech.com/
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