Ellenbarrie Industrial Gases IPO Explained: Dates, Price, and More
In 2024, the oil and gas sector grabbed an 11.2% share of the global industrial gas market. In India, it held about 6.1%. For a company like Ellenbarrie Industrial Gases, which has been supplying key gases to this industry for decades, it’s been a space full of growth.
Now, after years of building its name in the business, Ellenbarrie is launching an IPO in June 2025. If you’re keeping an eye on this industrial growth, this IPO is worth a look!
The Ellenbarrie Industrial Gases IPO is being managed by top book-running lead managers, including JM Financial, IIFL Capital Services, and Motilal Oswal Investment Advisors. KFin Technologies is the registrar for the issue.
Check the Ellenbarrie Industrial Gases IPO RHP for more details.
Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.
Ellenbarrie Industrial Gases IPO: Company Profile
Ellenbarrie Industrial Gases Ltd has been around for more than 50 years. It makes and supplies gases like oxygen, nitrogen, carbon dioxide, and even medical and welding gases. Now, they’re planning to launch their IPO. But before jumping in, make sure to check all the Ellenbarrie Industrial Gases IPO reviews.
Particulars | Details |
Incorporated | 1973 |
Chairman and Managing Director | Padam Kumar Agarwala |
Products | Manufacture Helium, Oxygen, Nitrogen, Oxygen, Hydrogen, Argon, Cylinder filling station Nitrogen, Carbon dioxide, and other gas mixtures. |
Customer Base | 1,829 customers |
Headquartered | Kolkata, West Bengal |
Competitors | Air Liquide India Holding, Taiyo Nippon Sanso India, and Inox Air Products. |
Exploring Ellenbarrie Industrial Gases IPO
Track all the must-know details like Ellenbarrie Industrial Gases IPO price, lot size, and timeline.
Ellenbarrie Industrial Gases IPO Date
See what Ellenbarrie has shared about its IPO dates.
Event Description | Date |
IPO Applications Begin | 24 June 2025 |
Last Day to Apply for IPO | 26 June 2025 |
UPI Payment Approval Deadline | 26 June 2025 (5 PM) |
Finalisation of Share Allotment | 27 June 2025 |
Refunds Begin for Unsuccessful Applicants | 30 June 2025 |
Shares Credited to Demat Accounts | 30 June 2025 |
IPO Listing on Stock Exchange | 01 July 2025 |
UPI Mandate Cancellation Date | 11 July 2025 |
Lock-in Period Ends (50% of Anchor Investment) | 27 July 2025 |
Lock-in Period Ends (Remaining Anchor Shares) | 25 September 2025 |
Ellenbarrie Industrial Gases IPO Lot Size
Ellenbarrie Industrial Gases has disclosed its IPO size.
Particulars | Number of Equity Shares | Aggregate Value |
Fresh Issue | Not disclosed | ₹4,000 million |
Offer for Sale | 11,313,130 | ₹452.53 crores |
Overall Issue | Not disclosed | ₹852.53 crores |
Check this Ellenbarrie Industrial Gases IPO detail that includes where the proceeds will be invested for business growth
Purpose | Estimated Amount (₹ million) |
Repayment of outstanding borrowings | 2,100.00 |
To set up an air separation unit of 220 TPD capacity | 1,045.00 |
Corporate purposes | Not Disclosed |
Total | Not Disclosed |
Other takeaways from the Ellenbarrie Industrial Gases Share Price
The price band has been officially shared and listed below.
Particulars | Description |
Face value of each share | ₹2 |
Price Range | ₹380 – ₹400 |
Listing at | NSE and BSE |
Categorisation of different investors
Pricing details and application rules differ for investor types; know where you stand.
Category | QIBs | Non-Institutional Bidders | Retail Individual Bidders |
Equity Shares Allotted | Up to 50% of the offer | At least 15% | At least 35% |
Minimum Bid Size | Above ₹2,00,000 | Above ₹2,00,000 | Not Disclosed |
Maximum Bid Size | Up to full offer (excluding anchor portion) | Up to full offer (excluding QIB portion) | Up to ₹2,00,000 bid amount |
Haven’t got a demat account? Open one now with a top broker as they offer a free demat account and easy mobile access.
Don’t forget to check expert reviews, DRHP status, and updates about the expected listing price. Apply for your lot today.
Ellenbarrie Industrial Gases IPO details: Key Financials
Take a look at these financial numbers as they show where the company stands right now.
Particulars | Dec 31, 2024 (₹ million) | Mar 31, 2024 (₹ million) | Mar 31, 2023 (₹ million) |
Investments (Non-Current) | 1,077.38 | 578.69 | 271.88 |
Total Non-Current Assets | 6,369.68 | 4,686.18 | 3,613.45 |
Inventories | 141.87 | 110.13 | 84.19 |
Investments (Current) | 865.62 | 1,118.40 | 836.68 |
Total Current Assets | 2,089.98 | 2,039.18 | 1,899.22 |
Total Assets | 8,459.66 | 6,725.36 | 5,512.67 |
Revenue from Operations | 3,124.83 | 2,694.75 | 2,051.07 |
Other Income | 359.49 | 207.28 | 186.03 |
Total Income | 3,484.32 | 2,902.03 | 2,237.10 |
Metrics of Ellenbarrie Industrial Gases IPO
Particulars | FY 2025 | FY 2024 | FY 2023 |
EBITDA Margin (%) | 35.12% | 22.83% | 16.38% |
Profit After Tax (₹ million) | 832.89 | 452.89 | 281.42 |
PAT Margin (%) | 23.90% | 15.61% | 12.58% |
Return on Equity (%) | 16.88% | 11.05% | 7.75% |
Return on Capital Employed (%) | 13.71% | 10.93% | 6.07% |
Net Debt-to-Equity Ratio (times) | 0.32 | 0.15 | 0.01 |
Gross Fixed Assets Turnover Ratio (times) | 0.65 | 0.59 | 0.68 |
Net Cash from Operating Activities (₹ Mn) | 42.75 | 437.47 | 387.47 |
Strengths and risks
The company has its strengths, but also a few risks that could slow it down. Let’s break it down.
Strengths
Serves big names like AIIMS and the Indian Armed Forces
Covers many industries like healthcare, defence, energy and more
More than 50 years of industrial gases experience
Strong presence in Eastern & Southern India
Risks
Prices of raw materials and energy keep changing
Needs regular government approvals and checks
Handling and moving gases can be risky
Tough competition from Indian and global players
Your Next IPO Move: Is Ellenbarrie Industrial Gases Limited the One?
The GMP of this IPO is ₹7 as of 24 June 2025, but you can still stay ahead by checking the Ellenbarrie Industrial Gases DRHP. It’s a good way to stay ready before the price targets come out.
If you're interested in the Ellenbarrie Industrial Gases IPO, apply for it today.
.png)
