Ellenbarrie Industrial IPO Description – Ellenbarrie Industrial Gases holds the position of India’s largest 100% Indian-owned industrial gas company regarding installed manufacturing capacity as of March 2025. They manufacture and supply a variety of industrial gases, including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. Additionally, they provide dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and specialty gases for various end-use industries such as steel, pharmaceuticals, healthcare, and defense.
Ellenbarrie Industrial Gases (EIGL) supplies products to the Indian armed forces, including Indian Air Force bases in East, South, and West India, Eastern Naval Command bases, and multiple government-owned laboratories. They also supply products to multiple railway workshops and railway hospitals across East and South India. In FY 2025, the company’s diversified customer base included 1,829 customers. Ellenbarrie’s client base includes Vizag Steel, Dr Reddy’s, Jupiter Wagons, AIIMS, Hindustan Shipyard, Indian Armed Forces, and West Bengal Power Development Corporation.
Ellenbarrie operates one of the largest oxygen plants in India, with a capacity of 1,250 tonnes per day as of 31 March 2025. The company has manufacturing units in West Bengal, Andhra Pradesh, and Telangana.
Promoters of Ellenbarrie Industrial Gases – Mr. Padam Kumar Agarwala, and Mr. Varun Agarwal
Table of Contents
Ellenbarrie Industrial IPO Details
| Ellenbarrie Industrial IPO Dates | 24 – 26 June 2025 |
| Ellenbarrie Industrial Issue Price | INR 380 – 400 per share |
| Fresh issue | INR 400 crore |
| Offer For Sale | 1,13,13,130 shares (INR 429.90 – 452.53 crore) |
| Total IPO size | INR 829.90 – 852.53 crore |
| Minimum bid (lot size) | 37 shares (INR 14,800) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Ellenbarrie Industrial Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 205.11 | 269.48 | 312.48 |
| Expenses | 186.45 | 225.99 | 240.61 |
| Net income | 28.14 | 45.29 | 83.29 |
| Margin (%) | 13.72 | 16.81 | 26.65 |
Ellenbarrie Industrial Offer News
- Ellenbarrie Industrial RHP
- Ellenbarrie Industrial DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Ellenbarrie Industrial Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 2.15 | 3.46 | 6.36 | 5.91 |
| PE Ratio | – | – | 59.74 – 62.88 | 64.3 – 67.68 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 13.84 | 18.10 | 24.97 |
| NAV | 15.53 | 19.11 | 25.48 |
| ROCE (%) | 6.07 | 10.93 | 13.71 |
| EBITDA (%) | 16.38 | 22.83 | 35.12 |
| Debt/Equity | 0.01 | 0.15 | 0.32 |
Ellenbarrie Industrial IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 30 June 2025 | 40 | – | 1,200 |
| 28 June 2025 | 40 | – | 1,200 |
| 27 June 2025 | 35 | – | 1,000 |
| 26 June 2025 | 18 | – | 500 |
| 25 June 2025 | 12 | – | 300 |
| 24 June 2025 | 8 | – | 250 |
| 23 June 2025 | 11 | – | 300 |
Ellenbarrie Industrial IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company – INR 210 crore
- Setting up of an air separation unit at our Uluberia-II plant with a capacity of 220 TPD – INR 104.5 crore
- General corporate purposes
Ellenbarrie Industrial IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 41,89,260 | 32,75,917 | 76,43,806 | 1,51,08,983 |
| 26 Jun 2025 | 64.23 | 15.21 | 2.14 | 22.19 |
| 25 Jun 2025 | 0.00 | 0.58 | 0.37 | 0.31 |
| 24 Jun 2025 | 0.00 | 0.05 | 0.13 | 0.08 |
63,93,938 shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Ellenbarrie Industrial – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Ellenbarrie Industrial Gases | 59.74 – 62.88 | 6.36 | 24.97 | 25.48 | 312.48 |
| Linde India | 140.74 | 53.33 | 11.91 | 447.91 | 2,485.38 |
Ellenbarrie Industrial IPO Dates & Listing Performance
| IPO Opening Date | 24 June 2025 |
| IPO Closing Date | 26 June 2025 |
| Finalization of Basis of Allotment | 27 June 2025 |
| Initiation of refunds | 30 June 2025 |
| Transfer of shares to demat accounts | 30 June 2025 |
| Ellenbarrie Industrial IPO Listing Date | 1 July 2025 |
| Opening Price on NSE | INR 486 per share (up 21.50%) |
| Closing Price on NSE | INR 534.60 per share (up 33.65%) |
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Ellenbarrie Industrial Offer Lead Manager
IIFL SECURITIES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West) Mumbai 400 013 Maharashtra
Phone: +91 22 4646 4728
Email: [email protected]
Website: www.iiflcap.com
Ellenbarrie Industrial Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Ellenbarrie Industrial Contact Details
ELLENBARRIE INDUSTRIAL GASES LIMITED
3A, Ripon Street, Kolkata –
700016, West Bengal, India
Phone: 033-48226521
Email: [email protected]
Website: www.ellenbarrie.com
Ellenbarrie Industrial IPO FAQs
How many shares in Ellenbarrie Industrial IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Ellenbarrie Industrial Public Offer?
The best way to apply for Ellenbarrie Industrial public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Ellenbarrie Industrial IPO GMP today?
Ellenbarrie Industrial IPO GMP today is INR 40 per share.
What is Ellenbarrie Industrial kostak rate today?
Ellenbarrie Industrial kostak rate today is INR NA per application.
What is Ellenbarrie Industrial Subject to Sauda rate today?
Ellenbarrie Industrial Subject to Sauda rate today is INR 1,200 per application.