ELLENBARRRIE INSUTRIAL GASES LIMITED
₹ 380 - ₹ 400
24-Jun-2025 - 26-Jun-2025
₹ 14800.00

/ 37 Shares

ELLENBARRRIE INSUTRIAL GASES LIMITED

24-Jun-2025 - 26-Jun-2025

₹ 380 - ₹ 400

Price Band

₹ 14800.00

Minimum Investment

37

Bid Lot

21,313,130

Shares

  • Face Value - ₹ 2/- Per Share

  • Listing at NSE,BSE

  • 201,610 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Category % Shares/Amount
QIB 50% 10,656,564 Shares Rs. 426.26 CR
HNI 1 5% 1,065,657 Shares Rs. 42.63 CR @ 2057 FORM 1X
HNI 2 10% 2,131,313 Shares Rs. 85.25 CR @ 4115 FORM 1X
Retail 35% 7,459,596 Shares Rs. 298.38 CR @ 201611 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
201611 FORM 1X 2057 FORM 1X 4115 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 37 ₹ 14,800
Retail (Upto 2 Lakh) 13 481 ₹ 192,400
S-HNI (2 Lakh to 10 Lakh) 14 518 ₹ 207,200
S-HNI (2 Lakh to 10 Lakh) 67 2479 ₹ 991,600
B-HNI (Above 10 Lakh) 68 2516 ₹ 1,006,400

IPO Timeline

  • Open Date

    24-Jun-2025

  • Close Date

    26-Jun-2025

  • Basis of Allotment Date

    27-Jun-2025

  • Initiation of Refunds

    30-Jun-2025

  • Credit Shares to Demat A/c

    30-Jun-2025

  • IPO Listing Date

    01-Jul-2025

Subscription as on
26-Jun-2025 17:40

Category Book Size Subscription No. of Times
QIB 4,262,626 ₹ 170.51 Cr. 269,079,281 ₹ 10763.17 Cr. 63.13x
HNI (<10 LAKH) 1,065,657 ₹ 42.63 Cr. 12,692,998 ₹ 507.72 Cr. 11.91x
HNI2 (>10 LAKH) 2,131,313 ₹ 85.25 Cr. 37,118,400 ₹ 1484.74 Cr. 17.42x
RETAIL 7,459,596 ₹ 298.38 Cr. 16,388,632 ₹ 655.55 Cr. 2.20x
Total 14,919,192 335,279,311 22.47x
Category Book Size Subscription No. of Times
QIB 4,262,626 ₹ 170.51 Cr. 269,079,281 ₹ 10763.17 Cr. 63.13x
HNI (<10 LAKH) 1,065,657 ₹ 42.63 Cr. 12,692,998 ₹ 507.72 Cr. 11.91x
HNI2 (>10 LAKH) 2,131,313 ₹ 85.25 Cr. 37,118,400 ₹ 1484.74 Cr. 17.42x
RETAIL 7,459,596 ₹ 298.38 Cr. 16,388,632 ₹ 655.55 Cr. 2.20x
Total 14,919,192 335,279,311 22.47x

*Excluding Anchor

Total No. of Application Approx : ~430561 (2.14 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

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:

  1. Bulk Customers – Supplied with liquefied gases through cryogenic tankers.
  2. Package Customers – Receive compressed gases in cylinders.
  3. 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.

Read More

Strengths

Company Promoters

Company Financials

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
Amount in ? Crore

Objects of the Issue

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 (Rs. 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.  

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  • Step 03 :

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  • Step 05 :

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