Skip to main content
MainBoardListed
Ellenbarrie Industrial Gases Limited Logo

Ellenbarrie Industrial Gases Limited IPO

Ellenbarrie Industrial Gases Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 486.00 (+21.50%)

Ellenbarrie Industrial Gases Limited's successfully transitioned to public market status with its listing on NSE, BSE on 01-07-2025. The IPO mobilized 2,13,13,130 Shares in cumulative capital, including 1,00,00,000 Shares for corporate expansion and ₹452.53 Cr for shareholder liquidity management.

The public offering was conducted within the price parameters of ₹380 to ₹400, with minimum investment lots of 37 shares. subscription activity between 24-06-2025 and 26-06-2025 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 27-06-2025, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Ellenbarrie Industrial IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Ellenbarrie Industrial IPO Key Performance Indicator
Company Financials ( In Crores )

Ellenbarrie Industrial IPO About Company

Established in 1973, EIGL is a well-known Indian company specializing in the production and supply of a wide range of industrial, medical, and specialty gases such as oxygen, nitrogen, carbon dioxide, acetylene, argon, helium, hydrogen, and nitrous oxide. It also provides products like dry ice, synthetic air, LPG, welding gas mixtures, and gases used in medical applications. The company offers turnkey solutions for setting up air separation units, installs and maintains medical gas pipelines, and supplies essential medical equipment including ventilators, anesthesia machines, and patient monitors. EIGL serves different types of customers through bulk deliveries using cryogenic tankers, packaged gas cylinders, and onsite gas supply systems with operation and maintenance support. Its services are widely used across various industries such as steel, pharmaceuticals, chemicals, healthcare, engineering, railways, aviation, petrochemicals, and defense. Notable clients include Dr. Reddy’s, AIIMS, Laurus Labs, and Rashtriya Ispat Nigam. As of FY24, the company served 1,836 customers, including 295 bulk clients with average contract durations of five years. EIGL operates eight production plants located in West Bengal, Andhra Pradesh, Telangana, and Chhattisgarh, and has a workforce of 250 permanent and 67 contractual employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Ellenbarrie Industrial IPO Strength Factors

  1. Wide Range of Products: Offers various industrial, medical, and specialty gases for different industries.
  2. Well-Established Company: Experienced player with many years in the business and a strong manufacturing network across India.
  3. Reliable Customers: Works with top clients on long-term contracts, ensuring steady income and cash flow.

Ellenbarrie Industrial IPO Risk Factors

  1. Dependence on Key Customers: Losing major clients or a drop in their demand could hurt revenue and cash flow.
  2. Production Interruptions: Unexpected shutdowns at factories may slow down operations and impact earnings.
  3. Reliance on Customer Sites: Running facilities at customer locations creates more dependency and risk if relationships change.



Ellenbarrie Industrial IPO Lead Manager(s)

  • Motilal Oswal Investment Advisors Limited
  • IIFL Securities Limited
  • Jm Financial Limited

Ellenbarrie Industrial IPO Promoter(s)

  1. Padam Kumar Agarwala
  2. Varun Agarwal

Ellenbarrie Industrial IPO Company Details

Ellenbarrie Industrial Gases Limited
Phone:
address:

Ellenbarrie Industrial IPO Registrar

Kfin Technologies Limited
Name:
Phone:

Ellenbarrie Industrial IPO FAQs