Ellenbarrie Industrial Gases IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 24 to Jun 26 2025
Price Band
₹400
Current GMP
₹486(21.50%)
Subscription
17.37 times
IPO Details
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 |
| Face Value | ₹2 per share |
| Issue Price | ₹400 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,13,13,130 shares (aggregating up to ₹852.53 Cr) |
| Fresh Issue | 1,00,00,000 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 1,13,13,130 shares of ₹2 (aggregating up to ₹452.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,09,35,600 shares |
| Share Holding Post Issue | 14,09,35,600 shares |
IPO Date
June 24, 2025 to June 26, 2025
Listing Date
July 1, 2025
Face Value
₹2 per share
Issue Price
₹400 per share
Lot Size
37 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
2,13,13,130 shares (aggregating up to ₹852.53 Cr)
Fresh Issue
1,00,00,000 shares (aggregating up to ₹400.00 Cr)
Offer for Sale
1,13,13,130 shares of ₹2 (aggregating up to ₹452.53 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
13,09,35,600 shares
Share Holding Post Issue
14,09,35,600 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 45.27 |
| Non-Institutional Buyers | 15.58 |
| bNII (bids above ₹10L) | 17.15 |
| sNII (bids below ₹10L) | 11.78 |
| Retail Investors | 2.19 |
| Total ** | 17.37 |
Anchor Investors
1
Qualified Institutions
45.27
Non-Institutional Buyers
15.58
bNII (bids above ₹10L)
17.15
sNII (bids below ₹10L)
11.78
Retail Investors
2.19
Total **
17.37
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Jun 24, 2025 | 0.00 | 0.05 | 0.04 | 0.07 | 0.13 | 0.08 |
| Day 2 Jun 25, 2025 | 0.00 | 0.60 | 0.65 | 0.43 | 0.38 | 0.32 |
| Day 3 Jun 26, 2025 | 45.27 | 15.58 | 17.15 | 11.78 | 2.19 | 17.37 |
DayDay 1
Jun 24, 2025
QIB0.00
NII0.05
NII (> ₹10L)0.04
NII (< ₹10L)0.07
Retail0.13
Total0.08
DayDay 2
Jun 25, 2025
QIB0.00
NII0.60
NII (> ₹10L)0.65
NII (< ₹10L)0.43
Retail0.38
Total0.32
DayDay 3
Jun 26, 2025
QIB45.27
NII15.58
NII (> ₹10L)17.15
NII (< ₹10L)11.78
Retail2.19
Total17.37
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-07-2025 | 400.00 | 57(14.25%) | 457 |
| 30-06-2025 | 400.00 | 57(14.25%) | 457 |
| 29-06-2025 | 400.00 | 58(14.50%) | 458 |
| 28-06-2025 | 400.00 | 40(10.00%) | 440 |
| 27-06-2025 | 400.00 | 43(10.75%) | 443 |
| 26-06-2025 | 400.00 | 41(10.25%) | 441 |
| 25-06-2025 | 400.00 | 19(4.75%) | 419 |
| 24-06-2025 | 400.00 | 26(6.50%) | 426 |
| 23-06-2025 | 400.00 | 7(1.75%) | 407 |
| 22-06-2025 | 400.00 | 10(2.50%) | 410 |
| 21-06-2025 | 400.00 | 12(3.00%) | 412 |
| 20-06-2025 | 400.00 | 0(0.00%) | 400 |
| 19-06-2025 | 400.00 | 0(0.00%) | 400 |
| 18-06-2025 | 0(0.00%) | (0.00%) | |
| 17-06-2025 | 0(0.00%) | (0.00%) | |
| 16-06-2025 | 0(0.00%) | (0.00%) | |
| 15-06-2025 | 0(0.00%) | (0.00%) | |
| 14-06-2025 | 0(0.00%) | (0.00%) | |
| 13-06-2025 | 0(%) | (%) |
Date01-07-2025
Price400.00
GMP57(14.25%)
Estimate List Price457
Date30-06-2025
Price400.00
GMP57(14.25%)
Estimate List Price457
Date29-06-2025
Price400.00
GMP58(14.50%)
Estimate List Price458
Date28-06-2025
Price400.00
GMP40(10.00%)
Estimate List Price440
Date27-06-2025
Price400.00
GMP43(10.75%)
Estimate List Price443
Date26-06-2025
Price400.00
GMP41(10.25%)
Estimate List Price441
Date25-06-2025
Price400.00
GMP19(4.75%)
Estimate List Price419
Date24-06-2025
Price400.00
GMP26(6.50%)
Estimate List Price426
Date23-06-2025
Price400.00
GMP7(1.75%)
Estimate List Price407
Date22-06-2025
Price400.00
GMP10(2.50%)
Estimate List Price410
Date21-06-2025
Price400.00
GMP12(3.00%)
Estimate List Price412
Date20-06-2025
Price400.00
GMP0(0.00%)
Estimate List Price400
Date19-06-2025
Price400.00
GMP0(0.00%)
Estimate List Price400
Date18-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date17-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date16-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date15-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date14-06-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date13-06-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
IPO Open Date
Tue, Jun 24, 2025
IPO Close Date
Thu, Jun 26, 2025
Tentative Allotment
Fri, Jun 27, 2025
Initiation of Refunds
Mon, Jun 30, 2025
Credit of Shares to Demat
Mon, Jun 30, 2025
Tentative Listing Date
Tue, Jul 1, 2025
Cut-off time for UPI mandate confirmation
5 PM on June 26, 2025
IPO Lot Size
| Application | Lots | Shares | 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 |
ApplicationRetail (Min)
Lots1
Shares37
Amount₹14,800
ApplicationRetail (Max)
Lots13
Shares481
Amount₹1,92,400
ApplicationS-HNI (Min)
Lots14
Shares518
Amount₹2,07,200
ApplicationS-HNI (Max)
Lots67
Shares2,479
Amount₹9,91,600
ApplicationB-HNI (Min)
Lots68
Shares2,516
Amount₹10,06,400
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 845.97 | 672.54 | 551.27 |
| Revenue | 348.43 | 290.20 | 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 | 245.30 | 176.90 | 101.10 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025845.97
31 Mar 2024672.54
31 Mar 2023551.27
Period EndedRevenue
31 Mar 2025348.43
31 Mar 2024290.20
31 Mar 2023223.71
Period EndedProfit After Tax
31 Mar 202583.29
31 Mar 202445.29
31 Mar 202328.14
Period EndedEBITDA
31 Mar 2025109.74
31 Mar 202461.53
31 Mar 202333.59
Period EndedNet Worth
31 Mar 2025333.62
31 Mar 2024250.15
31 Mar 2023203.32
Period EndedReserves and Surplus
31 Mar 2025467.17
31 Mar 2024403.35
31 Mar 2023356.51
Period EndedTotal Borrowing
31 Mar 2025245.30
31 Mar 2024176.90
31 Mar 2023101.10
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,06,56,565 (50.00%) | NA |
| − Anchor Investor Shares Offered | 63,93,938 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 42,62,627 (20.00%) | NA |
| NII (HNI) Shares Offered | 31,96,970 (15.00%) | NA |
| − bNII > ₹10L | 21,31,313 (10.00%) | 4,114 |
| − sNII < ₹10L | 10,65,657 (5.00%) | 2,057 |
| Retail Shares Offered | 74,59,596 (35.00%) | 2,01,610 |
| Total Shares Offered | 2,13,13,131 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered1,06,56,565 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered63,93,938 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered42,62,627 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered31,96,970 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered21,31,313 (10.00%)
Maximum Allottees4,114
Investor Category− sNII < ₹10L
Shares Offered10,65,657 (5.00%)
Maximum Allottees2,057
Investor CategoryRetail Shares Offered
Shares Offered74,59,596 (35.00%)
Maximum Allottees2,01,610
Investor CategoryTotal Shares Offered
Shares Offered2,13,13,131 (100.00%)
Maximum Allottees
Information about company
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 2025, EIGL supplied products to 1,829 customers.
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, 2025, EIGL employed 281 permanent and 85 contractual employees.
Objectives of IPO
The Company Ellenbarrie Industrial Gases IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
210.00
2
Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
104.50
3
General corporate purposes.
Disclaimer
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