ELLENBARRRIE INSUTRIAL GASES LIMITED
Price Band
₹ 380 - ₹ 400
Bid Lot
37 Shares
Price Band
₹ 380 - ₹ 400
Minimum Investment
₹ 14800.00
Bid Lot
37 Shares
Shares
21,313,130
-
Face Value - Rs. 2/- Per Share
- Lisitng at NSE,BSE
-
201,610 Application Required in Retail for 1 Time.
-
Registrar : KFin Technologies Limited
IPO Details
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
Timeline
-
24
Jun-2025
Open Date
-
26
Jun-2025
Close Date
-
27
Jun-2025
Basis of Allotment Date
-
30
Jun-2025
Initiation of Refunds
-
30
Jun-2025
Credit of Shares to Demat A/C
-
01
Jul-2025
IPO Listing Date
Subscription as on 26-Jun-2025 17:40
Category
Book Size
Subscription
QIB
63.13x
4,262,626
(₹170.51 Cr.)
269,079,281
(₹10763.17 Cr.)
HNI (<10 LAKH)
11.91x
1,065,657
(₹42.63 Cr.)
12,692,998
(₹507.72 Cr.)
HNI2 (>10 LAKH)
17.42x
2,131,313
(₹85.25 Cr.)
37,118,400
(₹1484.74 Cr.)
RETAIL
2.20x
7,459,596
(₹298.38 Cr.)
16,388,632
(₹655.55 Cr.)
Total
22.47x
14,919,192
335,279,311
Category
Book Size
Subscription
QIB
63.13x
4,262,626
(₹170.51 Cr.)
269,079,281
(₹10763.17 Cr.)
HNI (<10 LAKH)
11.91x
1,065,657
(₹42.63 Cr.)
12,692,998
(₹507.72 Cr.)
HNI2 (>10 LAKH)
17.42x
2,131,313
(₹85.25 Cr.)
37,118,400
(₹1484.74 Cr.)
RETAIL
2.20x
7,459,596
(₹298.38 Cr.)
16,388,632
(₹655.55 Cr.)
Total
22.47x
14,919,192
335,279,311
*Excluding Anchor
Total No. of Application Approx : ~430561 (2.14 Appwise)
HNI Cost
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.
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. |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
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Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
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Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question