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Ellenbarrie Industrial Gases

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.

₹380 - ₹40022.47x sub
Listed Price₹486.00
Listing Gain+21.50%

IPO Schedule & Timeline

Bookbuilding IPO
Open24 Jun 2025
Close26 Jun 2025
Allotment27 Jun 2025
Listing01 Jul 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail74,59,596 shares
35%
Nii(hni)31,96,970 shares
15%
QIB42,62,627 shares
20%

Minimum Application Lots

Retail1 Lot (37 shares)
₹14,800
sHNI14 Lots (518 shares)
₹2,07,200
bHNI68 Lots (2,516 shares)
₹10,06,400

Company Promoters

Padam Kumar AgarwalaVarun Agarwal

Company Background

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 medi...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹348.4 Cr
Growth+55.7%
Revenue Trend (₹ in Crores)
0.0133.6267.1400.7Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25348.483.3846.0245.3
Mar-24290.245.3672.5176.9
Mar-23223.728.1551.3101.1

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-256.3616.88%13.71%62.8867.69
Mar-243.4611.05%10.93%00
Mar-232.157.75%6.07%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
27 Jun 2025
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
01 Jul 2025

Official Allotment Verification Links

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Kfin Technologies Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization27 Jun 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date01 Jul 2025Trading commences on exchange

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About Ellenbarrie Industrial Gases IPO

Complete issue overview for Ellenbarrie Industrial Gases (ELLEN) IPO. The issue features an equity share price band of ₹380 – ₹400 per share with a minimum retail lot size of 37 Shares (minimum application amount of ₹14,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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