IPO Issue Details
Issue Price / Price Band₹400 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size37 Shares per Lot
Total Issue Size2,13,13,130 shares (aggregating up to ₹852.53 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 24 Jun 2025
Subscription CloseThu, 26 Jun 2025
Anchor AllotmentMon, 23 Jun 2025
Basis of AllotmentFri, 27 Jun 2025
Initiation of RefundsMon, 30 Jun 2025
Credit of Shares to DematMon, 30 Jun 2025
Listing DateTue, 01 Jul 2025
UPI Mandate Deadline2025-06-26
Application & Investment Details
Retail — Min (1 Lots)₹14,800 — 37 shares
Retail — Max (13 Lots)₹192,400 (13 Lots)
HNI — Min (14 Lots)₹2,07,200 — 518 shares
EPS (Pre-IPO)₹6.36
EPS (Post-IPO)₹5.91
P/E Ratio (Pre-IPO)62.88x
P/E Ratio (Post-IPO)67.69x
Pre-IPO Promoter Holding13,09,35,600 shares
Post-IPO Promoter Holding14,09,35,600 shares
Fresh Issue Shares1,00,00,000 shares (aggregating up to ₹400.00 Cr)
Offer for Sale Shares1,13,13,130 shares of ₹2 (aggregating up to ₹452.53 Cr)
About Ellenbarrie Industrial Gases Ltd.
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 ServedEIGL 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 & WorkforceCustomer 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.
Objects of the Issue
Ellenbarrie Industrial Gases Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
210.00
2
2 Setting up of an air separation unit at the Uluberia-II plant with a capacity of 220 TPD.
104.50
3
3 General corporate purposes.
55.95
Shareholding & Lock-in
Pre-IPO Promoter Holding
13,09,35,600 shares
Post-IPO Promoter Holding
14,09,35,600 shares
Lock-in Period (30%)July 26, 2025
Lock-in Period (50%)September 24, 2025