Ellenbarrie Industrial Gases IPO - Details
The initial public offering (IPO) of Ellenbarrie Industrial Gases is scheduled to open on June 24, 2025, and will close on June 26, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹852.53 crores. This includes a fresh issue of ₹400 crores and an offer for sale of up to 1,13,13,130 equity shares, each having a face value of ₹2.
The price band for the IPO is set between ₹380 and ₹400 per share. Investor quotas are divided as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-Worth Individuals (HNIs). The shares are proposed to be listed on both BSE and NSE, with the listing date expected to be July 1, 2025. The basis of allotment is likely to be finalized on June 27, 2025.
From a financial standpoint, the company posted a revenue of ₹348.43 crores in FY 2025, compared to ₹290.2 crores in FY 2024. Net profit also saw strong growth, rising from ₹45.29 crores in 2024 to ₹83.29 crores in 2025
Ellenbarrie Industrial Gases IPO Market Lot Size
The minimum bid for the Ellenbarrie Industrial Gases IPO is 37 shares, requiring an investment of approximately ₹14,800. Retail investors are allowed to apply for up to 13 lots, which amounts to 481 shares, with a total investment of around ₹1,92,400.
Application | 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 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 |
Issue Size: | Approx ₹852.53 Crores |
Fresh Issue: | Approx ₹400 Crores |
Offer for Sale: | Approx 1,13,13,130 Equity Shares |
Issue Type: | Book Build Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
Ellenbarrie Industrial Gases IPO Valuation – FY2025 (KPI)
Explore the valuation metrics of Ellenbarrie Industrial Gases IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
KPI | Values |
ROE: | 16.88% |
ROCE: | 13.71% |
EBITDA Margin: | 35.12% |
PAT Margin: | 23.90% |
Debt to equity ratio: | 0.32 |
Earning Per Share (EPS): | ₹6.36 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 24.97% |
Net Asset Value (NAV): | ₹25.48 |
Ellenbarrie Industrial Gases IPO Company Financial Report
The company recorded a revenue of ₹348.43 crores in FY 2025, showing a growth from ₹290.2 crores in FY 2024. Net profit also rose significantly, reaching ₹83.29 crores in 2025 compared to ₹45.29 crores in the previous year.
(Figures in ₹ Crores)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹255.9 | ₹180.17 | ₹67.16 | ₹414.06 |
2023 | ₹223.71 | ₹186.45 | ₹28.14 | ₹551.27 |
2024 | ₹290.2 | ₹225.99 | ₹45.29 | ₹672.54 |
2025 | ₹348.43 | ₹240.61 | ₹83.29 | ₹845.97 |
Ellenbarrie Industrial Gases IPO Dates
The Ellenbarrie Industrial Gases IPO is scheduled to open on June 24 and will close on June 26. The allotment of shares is expected to be finalized on June 27, with the company likely to be listed on the stock exchanges by July 1.
IPO Open Date: | June 24, 2025 |
IPO Close Date: | June 26, 2025 |
Basis of Allotment: | June 27, 2025 |
Refunds: | June 30, 2025 |
Credit to Demat Account: | June 30, 2025 |
IPO Listing Date: | July 1, 2025 |
Promoters of Ellenbarrie Industrial Gases IPO
The promoters of the company are Padam Kumar Agarwala and Varun Agarwal.
About Ellenbarrie Industrial Gases IPO
Ellenbarrie Industrial Gases Limited (EIGL), established in 1973, is a prominent player in the Indian industrial gas sector. With decades of experience, the company manufactures and distributes a wide spectrum of industrial, medical, and specialty gases. Its product lineup includes essential gases like oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide.
In addition to these, EIGL also offers dry ice, synthetic air, fire-fighting gases, medical-grade oxygen, liquefied petroleum gas (LPG), welding gas mixtures, and other specialty gas solutions. The company extends its capabilities to project engineering services, delivering end-to-end solutions—right from designing and engineering to installing and commissioning tonnage-scale air separation units (ASUs).
Further strengthening its position in the healthcare sector, EIGL supplies a range of medical equipment, including anaesthesia workstations, ventilators, spirometers, bedside monitors, sterilizers, and lung diffusion test machines. As of March 31, 2024, the company’s workforce comprised 250 permanent employees and 67 contractual staff.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Linde India Limited | 53.33 | 140.74 | 11.91% | 447.91 | – Cr. |
Objects of the IPO
To repay or prepay, either fully or partially, specific outstanding loans taken by the company
To establish a new 220 TPD air separation unit at the Uluberia-II facility
To meet various needs related to general corporate activities
Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited
- Jm Financial Limited
Company Address
Ellenbarrie Industrial Gases Limited
3A,
Ripon
Street
Kolkata, West Bengal, 700016
Phone: 033-48226521
Email: [email protected]
Website: http://www.ellenbarrie.com/
Ellenbarrie Industrial Gases IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Check Grey market premium at below
(GMP)